TechFlow news — According to The Block, Sino Global Capital, a China-based cryptocurrency venture firm led by Matthew Graham, has launched a $200 million fund backed by FTX. Sino Global said the fund, Liquid Value Fund I, is closed-end, meaning it has a hard cap of $200 million. Graham said partners including FTX have made "a significant portion" of hard commitments toward that amount. The new fund will invest in crypto projects, including DeFi and NFT infrastructure, with a stronger focus on the Solana and Ethereum ecosystems.
Notably, this marks the first time Sino Global has accepted external capital for a fund. Until now, the firm has used its own capital to invest in crypto startups. To date, Sino has invested in over 20 crypto projects, including Solana, FTX, Serum, and Wintermute. Graham also noted that some of these investments will be rolled into the new fund, including LayerZero, Clearpool, Orca, and several others not yet publicly announced.
