CMT Digital Secures $136 Million for Fourth Crypto Venture Fund Amid Market Contraction
CMT Digital closed its fourth venture capital fund at $136 million in October 2025, narrowly missing its $150 million target. The Chicago-based firm has already deployed 25% of the capital into stablecoin infrastructure projects, including investments in Coinflow and Codex.
The fundraising landscape shows stark contrasts—while 2022 saw $30.3 billion in crypto venture funding, 2025 has drawn just $12.45 billion year-to-date. Despite the sector-wide slowdown, CMT's fund attracted oversubscribed demand from family offices, institutional investors, and high-net-worth individuals, forcing allocation limits.
Portfolio companies Circle and Figure demonstrated the firm's investment acumen with strong public market debuts in 2025. This fourth fund becomes CMT's largest since its $130 million predecessor, signaling continued institutional conviction in blockchain infrastructure during market troughs.
