Share this article
A16z to Boost Size of Its Third Crypto Fund: Report
The fund could lead to $50 million in annual fees, sources told blogger Eric Newcomer.
By James Rubin
Updated May 9, 2023, 3:20 a.m. Published May 29, 2021, 12:22 a.m.
Venture giant Andreessen Horowitz (a16z) is doubling the size of its third crypto fund to $2 billion, according to blogger Eric Newcomer.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to a May 27 entry on his website, which covers technology venture funding, the Menlo Park, Calif.-based firm will charge “a 2.5% management fee for most of the first decade of the fund,” which could lead to annual $50 million fees.
- The general partners will earn 25% of the profits, also called a carry, until the fund doubles and 30% for performance exceeding that threshold.
- VC carries typically range between 15% and 30%, and a16z will not receive a carry if the fund loses money.
- In April, the Financial Times reported the firm had created the fund, with sources then saying it was looking to raise between $800 million and $1 billion.
- Last month a16z cashed out $449.2 million in Coinbase stock on behalf of its investors when the cryptocurrency exchange made its debut on Nasdaq. The VC was an early investor in Coinbase.
- A16z’s has $865.5 million in crypto funds among its total $16.5 billion assets under management.
See also: A16z to Launch $1B Crypto Venture Fund
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
JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain
The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.
What to know:
- JPMorgan Chase is launching its first tokenized money-market fund on Ethereum dubbed My OnChain Net Yield Fund (MONY), with an initial $100 million investment.
- The fund is part of a growing trend of blockchain-based financial products, with major firms like BlackRock and Franklin Templeton also entering the space.
- MONY allows investors to redeem shares using cash or USDC and aims to offer similar benefits to traditional money-market funds with added blockchain advantages.
Top Stories
