CMT Digital Closes $136M Crypto VC Fund as Adoption Grows
CMT Digital, a Chicago-based venture capital firm, has closed its fourth crypto VC fund with $136 million in commitments, marking one of the largest raises in 2025 amid a wider crypto VC funding slowdown.
Regulatory clarity and accelerating institutional adoption underpin strong interest from family offices, high-net-worth individuals and institutional investors. The firm has already deployed about 25% of the fund to stablecoin issuers Coinflow and Codex. According to PitchBook data, crypto VC deal value fell to $7 billion across 751 transactions in H1 2025, down from $24.3 billion in 2021. Public listings of CMT-backed firms like Circle on the NYSE and Figure on Nasdaq highlight rising institutional appetite.
Investment partner Sam Hallene said the core thesis remains focused on fintech disruptors and emerging on-chain categories. Traders should monitor CMT Digital’s portfolio developments and regulatory milestones as indicators for infrastructure growth and stablecoin token performance. This crypto VC fund reflects renewed confidence in core blockchain projects.
Bullish
In the short term, CMT Digital’s successful $136M fundraise signals strong investor appetite for blockchain infrastructure and stablecoin projects, which may boost market sentiment and spur capital inflows into these sectors. The deployment of 25% to Coinflow and Codex indicates immediate support for stablecoin ecosystems, likely benefiting associated tokens.
In the long term, renewed institutional confidence, highlighted by the firm’s backing and the public listings of early portfolio companies, suggests sustained growth in crypto infrastructure and on-chain innovation. Regulatory clarity further reduces investment risk and could lead to broader adoption, underpinning a bullish outlook for blockchain startups and related tokens.