Crypto Fund XYZ Completes $5.1 Million Financing, Gemini and Others Participate

According to BlockBeats, on May 2, Fortune reported that XYZ, a crypto fund founded by Matthew Homer, a former senior director of cryptocurrency affairs at the New York Department of Financial Services, completed a $5.1 million financing, with participation from Compound founder Robert Leshner, Multicoin managing partner Kyle Samani, and Gemini co-founders Winklevoss brothers. In an interview with Fortune magazine, Homer said that XYZ is not intended to lead the financing round, but to serve as an important advisory resource on the financing table of startups. "When I look at the venture capital field, this is one of the reasons why I started this fund." He also said, "No one really has resources in the regulatory field."