BlockTower's venture capital division is split into Strobe Ventures, with plans to establish a $100 million second fund

PANews March 12th news, according to The Block, BlockTower Capital's venture capital division has been split into Strobe Ventures, with assets under management at the time of its establishment of $235 million and plans to raise $100 million for its second fund. Strobe Ventures will double its investment in early-stage cryptocurrencies with a "high belief" strategy.

The spinoff follows BlockTower's announcement of a merger with Arca in November 2024, which outlines plans to unify its liquidity trading and credit underwriting divisions into one brand. However, BlockTower's venture capital division chose to remain independent and is now renamed Strobe Ventures while retaining the capital, limited partners (LP), portfolio and team of BlockTower's venture capital division.