Crypto VC Hypersphere opens $130 million liquidity fund

Odaily News Hypersphere Ventures has opened its $130 million liquidity fund to outside investors. Founder Jack Platts revealed that the company will also raise a new independent venture capital fund worth $75 million. The liquidity fund, called Atlas, is a multi-manager fund that aims to provide a 40% return through various trading strategies, including DeFi, quantitative, market making, and arbitrage. The fund also provides co-investment in private funding rounds, such as Toncoin.