Cryptocurrency fund XYZ completes $5.1 million financing, co-founded by Gemini and others

ChainCatcher news, according to Fortune, the crypto fund XYZ founded by former Senior Director of Cryptocurrency Affairs at the New York Department of Financial Services, Matthew Homer, has completed a $5.1 million funding round, with participation from Compound founder Robert Leshner, Multicoin managing partner Kyle Samani, and Gemini co-founders the Winklevoss twins.

In an interview with Fortune, Homer stated that XYZ is not intended to dominate funding rounds but rather to serve as an important advisory resource on the funding landscape for startups. "One of the reasons I started this fund was when I looked at the venture capital space," he said. He also mentioned, "No one really has the resources in the regulatory space."