The $1.5 billion venture capital firm is entering the crypto market with a new $110 million fund dedicated to the sector that it will operate jointly with Ledger, a French startup focused on digital asset security, said Cathay co-founder Dennis Barrier.
And Silvr doesn’t necessarily replace VC money, as 35% of Silvr’s clients have raised capital from VC funds. When a company applies to unlock some credit with Silvr, they grant access to various data sources — the corporate bank account.