Sequoia Capital launches a $600 million crypto fund, actively engaging in protocols, participating in staking, governance.

Silicon Valley venture capital firm Sequoia Capital announced on 2/17 the launch of a $5 to $6 billion cryptocurrency fund, focusing not only on investing in cryptocurrencies but also on injecting liquidity into the market, including more active participation in staking, governance, and other operations.

The statement mentions that despite Sequoia Capital's involvement in equity and cryptocurrency investments over the past 5 years, many industry insiders continue to communicate and coordinate with Sequoia, urging them to play a more active role in managing tokens.

This includes staking, providing liquidity, participating in governance, and trading on specific platforms, with teams on Ethereum, Solana, and other mainstream DeFi protocols all urging Sequoia to further engage. The partners Sequoia collaborates with are top founders in the crypto industry:

• FTX founder Sam Bankman-Fried
• Block founder Jack Dorsey
• StarkWare co-founders Uri Kolodny, Eli Ben-Sasson
• Fireblocks co-founder Michael Shaulov
• Iron Fish founder Elena Nadolinski
• Parallel Finance founder Yubo Ruan
• Strips Finance founder Ming Wu

These founders continue to communicate with Sequoia, sharing their unique needs, leading Sequoia to create a $600 million crypto fund to more actively participate in protocols.