Share this article
Alpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds
The firms are creating a holding company called Alpha Transform Holdings, Inc.
By Brandy Betz
Updated May 9, 2023, 4:09 a.m. Published Mar 8, 2023, 5:20 p.m.
Digital asset investment firm Alpha Sigma Capital said Wednesday it received investments from blockchain capital and research firm Transform Ventures and its founder, Michael Terpin. The investments will go into a new holding company – Alpha Transform Holdings, Inc. (ATH) – and toward two new funds with a total of $100 million in assets under management.
The new funds include a new Alpha Liquid digital asset fund and the Aegean Fund, a closed-end venture capital firm that will focus on early-stage equity investments in blockchain, artificial intelligence (AI) and emerging technology companies. Terpin also made a personal investment of $2.65 million denominated in cash, bitcoin and ether with an option to invest an additional $2.9 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ATH said it will have an asset management arm that includes the Alpha Sigma Capital Web3 Fund, Alpha Liquid and Aegean Ventures. The Alpha Transform products arm includes Alpha Sigma Capital Research plus Transform’s Blockchain Wire news service and Content Syndicate distribution and market intelligence products. The final Alpha Transform Strategies strategy aims to provide end-to-end solutions for digital asset companies.
“The ATH vision is to shepherd in a new era of financial and technological innovation leveraging decentralization, blockchain technology and Web3 infrastructure,” said Alpha Transform Holdings CEO and Chief Investment Officer Enzo Villani in a press release. “The Alpha Transform model is to continue to support our portfolio companies with strategic advisory, acceleration, and capital to drive innovation and success.”
Read more: What Are VCs Funding After FTX? More Decentralized Infrastructure
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
