Cryptocurrency venture capital firm 10SQ, founded by 10T Holdings employees, is seeking to launch a new $200 million fund.

BlockBeats reported on May 11th that a team of cryptocurrency investors is seeking $200 million to support a new company called TenSquared Capital, which will invest in digital asset startups. The company, also known as 10SQ, was initiated by employees of 10T Holdings, a cryptocurrency investment firm. According to PitchBook, 10T manages $1.2 billion in assets. Some of 10T's limited partners have already committed to investing in the new fund, which plans to make two investments, one of which is in a cryptocurrency wallet infrastructure startup that may close in the next few months. 10SQ will seek to support cryptocurrency startups at different growth stages and will focus more on equity investments rather than token investments. The company plans to become a registered investment advisor, following the path of other venture capital firms such as Sequoia Capital and a16z.