Internet reports that the newly established crypto investment company Metalayer filed a document with the U.S. Securities and Exchange Commission (SEC), planning to establish a $25 million fund to focus on investment in the crypto industry. It is reported that Metalayer has completed its first round of fundraising and received US$20 million in subscribed capital. It is expected to raise full funds before the end of the year. The three founders of Metalayer are all former executives of Two Sigma Ventures, including former head of digital assets Andy Kangpan. It is understood that Metalayer has invested in three companies including synthetic dollar project Ethena, institutional dedicated exchange Crossover and blockchain clearing house Clear Token, demonstrating its strategy of focusing on the integration of encryption technology and mainstream financial services.