About This Fund
CMT Digital Fund IV is the fourth venture capital fund raised by CMT Digital, the crypto and blockchain-focused investment arm of CMT Group — a Chicago-based diversified investment firm operating across exchange-traded derivatives, public and private equities, energy markets, and digital assets for more than 25 years. The fund closed in October 2025 at $136 million, slightly below its $150 million target following a challenging fundraising environment for crypto-focused venture. The close brings CMT Digital's total digital asset-focused assets under management to over $600 million across four funds since its venture practice began in 2017. Prior funds raised $25.5 million (Fund I), $130 million (Fund II), and $100 million (Fund III).
Fund IV is organized around an early-stage investment thesis in blockchain infrastructure and applications. CMT Digital targets founders building the foundational technology layers of decentralized networks — encompassing settlement infrastructure, digital asset custody, cross-chain interoperability, decentralized finance (DeFi) primitives, Web3 application platforms, and the payments and tokenization layers connecting traditional finance to on-chain rails. The fund has a global mandate with offices in Chicago, APAC, and Europe, reflecting CMT Group's established presence across international derivatives and digital asset markets. CMT Digital's dual identity as both a trading firm and venture investor provides portfolio companies with institutional market access, liquidity expertise, and distribution relationships that distinguish the firm from purely financial VC managers.
CMT Digital has deployed capital across more than 200 blockchain and crypto-focused businesses, protocols, and tokens through its first three funds. Fund IV's LP base comprises family offices, high-net-worth individuals, and institutional investors. The fund is currently in an active Investing phase following its November 2025 final close and will target early-stage companies positioned to benefit from the next major wave of crypto adoption across global markets.