Venture Capital Firm Cypher Capital to Launch $100 Million Digital Asset Fund

Venture capital firm Cypher Capital announced it will launch a $100 million digital asset fund designed to invest in digital assets, including cryptocurrencies. The fund, which will be funded by the firm's founder Bijan Alizadeh, will also invest in decentralized financial platforms, blockchain applications and blockchain games. The company may raise funds for a new investment fund in the future, which aims to reach $1 billion in assets under management in three years.