• The Singapore-based blockchain venture capital firm also runs a digital asset focused investment management fund that invests in blockchain-related projects
  • In the past, Pluto Capital has invested in a handful of early-stage companies that have grown successfully into crypto giants including Binance, Bybit, Bitmain, Polkadot and DeHorizon, to name a few

Pluto Capital has closed a $30 million crypto fund to provide seed capital to early-stage blockchain projects.

The new crypto fund aims to bring new opportunities for investors through an “institutional-quality” portfolio of digital assets. “The fund will be extremely sensitive to changes in trends by continually monitoring and analyzing the global macro market’s economic drivers in the blockchain sector,” the company said in a statement on Tuesday. 

The firm was not available for immediate comment when requested by Blockworks on Tuesday. 

The Singapore-based blockchain venture capital firm includes professionals who left jobs from traditional financial institutions, including Goldman Sachs, SoftBank and PIMCO, it said. The firm also runs a digital asset-focused investment management fund that invests in blockchain-related projects. 

In the past, Pluto Capital said it has invested in a handful of early-stage companies that have grown successful into crypto giants including Binance, Bybit, Bitmain, Polkadot and DeHorizon.

In the future it plans to capitalize on disruptive technologies and focus on seed-based opportunities with selective growth-stage investments.

While crypto-native firms are investing in the space heavily, the money flowing in is also coming from traditional venture capital groups as investors are clamoring for more exposure. 

In general, funding in the crypto industry has grown astronomically in the past year. During the month of November, over $3 billion was invested in the space, Blockworks previously reported. Earlier this month, Paradigm launched the largest crypto venture fund ever at $2.5 billion.

“Over the past decade, crypto has come a long way. But cryptocurrencies are still owned by less than ten percent of the global population,” Paradigm’s Co-founders Matt Huang and Fred Ehrsamwrote in a blog post at the time. “The journey is just beginning, and the potential of crypto has never been more clear,” they added.

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  • Jacquelyn Melinek is a New York-based reporter covering funding, decentralized finance (DeFi), DeFi market structure such as DEXs, borrowing, lending and yield products, decentralized autonomous organizations (DAOs), and DAO governance and structure. She previously reported on energy markets for S&P Global Platts and Bloomberg News and is published in over 65 news outlets. She graduated from the University of North Carolina at Chapel Hill with a degree in Media and Journalism.