Founders from a16z, Solana and More Back Asymmetric Billion-Dollar Crypto Fund

Asymmetric, a new investment vehicle founded by former Microsoft Strategy executive Joe McCann, is seeking to raise $1 billion and has already secured investments from a16z founders and partners Marc Andreessen and Chris Dixon, Solana co-founders Anatoly Yakovenko and Raj Gokal, CMS Holdings co-founder Dan Matuszewski, former Coinbase president Asiff Hirji, FTX, Circle Ventures, Tiger Global founder Scott Schleifer, MultiCoin Capital co-founder Kyle Samani and managing partner Tushar Jain, and others. Tushar Jain, Managing Partner, and others. Specific funding information has not yet been disclosed. Asymmetric will be split into two vehicles: a venture investment fund, which will be responsible for token trading allocations, and a liquidity fund, which will use algorithmic analytics tools to make investments.