Standard Crypto Intends to Raise $500M in New Crypto-centered Fund

Standard Crypto, a venture capital company founded in 2019, plans to raise $500 million in a new crypto fund, Axios has reported citing its sources.

At the moment, the fund has already raised $150 million, meeting the original target value.

The Standard Crypto Venture Fund I will focus on token and equity investments in early-stage startups.

The company, which has about $1.5 billion in assets under management, is mainly interested in gaming, social platforms, financial infrastructure, DAOs and non-fungible tokens.