According to CoinDesk, data from crypto analytics firm Cryptorank shows that FTX Ventures has invested in prominent companies including Yuga Labs—the developer of Bored Ape Yacht Club, Circle—the issuer of the USDC stablecoin, Layer 1 blockchains Near Protocol and Sui, crypto lending firm BlockFi, and participated in two separate funding rounds for the Aptos blockchain. The exact number of FTX Ventures' investments remains unclear.
The report noted that FTX also had close ties with BlockFi, with FTX's U.S. division providing the struggling lender a $400 million credit line, giving FTX the option to acquire BlockFi for $240 million. In September, FTX Ventures agreed to acquire a 30% stake in SkyBridge Capital for an undisclosed amount, under which SkyBridge would deploy $40 million in crypto investments using part of the funds from FTX to maintain its balance sheet. Tiger Global’s hedge fund participated in FTX’s $420 million Series B-1 round last October, yet despite rising global stock markets, the fund fell 5.4% last month. SoftBank’s Vision Fund took part in FTX’s $400 million funding round in January and previously disclosed a loss of $50 billion during the first half of this year.Original link
