CMT Digital raises $136 million for fourth crypto VC fund, falling short of $150 million target

Chicago-based crypto venture firm CMT Digital successfully raised $136 million for its fourth fund, which closed in early October 2025 with backing from family offices, high-net-worth individuals, and institutions. This total fell short of the firm's initial $150 million target, which investment partner Sam Hallene attributed partly to a weak crypto investment cycle and macroeconomic uncertainty. CMT Digital has already deployed about a quarter of the new capital, including investments in stablecoin startups Coinflow and Codex. The firm, established in 2018 as an offshoot of CMT Group, has previously backed notable companies like Circle and Consensys.

(Source：The Block)