CMT Digital
CMT Digital is a Chicago-based venture capital firm founded in 2017 that invests early-stage capital in blockchain and crypto companies. It manages four global venture funds (most recently Fund IV at $136M) and has backed 150+ portfolio companies including Coinbase and Circle.
- Company typePrivate
- Founded2017
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CMT Digital does
CMT Digital is a Chicago-based venture capital firm founded in 2017 that specializes in early-stage investments accelerating blockchain and crypto technology adoption. The firm was an early institutional allocator into the digital asset ecosystem and has built a portfolio of more than 150 blockchain, crypto, and Web3 companies, protocols, and tokens, with high-profile early positions in Coinbase and Circle. It operates under CMT Asset Management LLC, an SEC-registered investment adviser described as one of the first crypto managers to register with the regulator, and is backed by the CMT Group — a 28-year-old diversified electronic-trading and investment firm founded in 1997 by Scott Casto and Jan-Dirk Lueders.
CMT Digital's core product is its series of closed-end venture funds; the firm has raised four global funds to date, most recently Fund IV at $136 million in November 2025, and participates in 12 documented series co-investments alongside lead investors. The investment platform is supported by an in-house team of 25+ experts across technology, finance, legal, compliance, and Web3-specialized accounting, auditing, and tax, drawing on the parent CMT Group's electronic trading, risk management, and 24/7 global market infrastructure. Recent active investments span stablecoin payments (Coinflow, Lumx, 1Money), institutional crypto trading (STS Digital, D2X, Axis), prediction markets (TBD), cross-border payments (Tazapay, Depay), and AI-fintech convergence (NEWITY, Axal).
The business model is conventional institutional venture capital: management fees on committed and invested capital across successive closed-end funds, plus carried interest on fund returns, supplemented by direct equity stakes in portfolio companies. CMT Digital serves two distinct customer sets — institutional limited partners who commit capital to its funds, and early-stage founders seeking capital, operational support, and access to the CMT Group's regulatory, trading, and Web3-operations expertise. Geographic reach spans the United States, the Netherlands, Switzerland (via portfolio company STS Digital), Bermuda (via STS Digital's BMA licensing), and other locations across five countries and three continents.
CMT Digital firmographics
Firmographics- Name
- CMT Digital
- Legal name
- CMT Asset Management LLC
- Website
- https://cmt.digital
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CMT Digital is a Chicago-based venture capital firm founded in 2017 that invests early-stage capital in blockchain and crypto companies. It manages four global venture funds (most recently Fund IV at $136M) and has backed 150+ portfolio companies including Coinbase and Circle.
- Ownership category
- akta.pro rank
CMT Digital industry classification
Industry- Product category
- Crypto Venture Capital
- NAICS
- Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Digital Infrastructure Funds (Data Centers, Fiber, Towers) (FSANAEAM)
Keywords
Where CMT Digital is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
CMT Digital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management (Venture Capital): Manages successive closed-end venture funds (most recently Fund IV at $136M); earns management fees on committed/invested capital and carried interest on fund returns. CMT Asset Management LLC is an SEC-registered investment adviser.
- Co-Investment & Series Co-Investments: CMT Digital reports 12 series co-investments; participates in portfolio company follow-on rounds alongside other investors, generating returns from appreciated equity stakes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fund IV — $136M closed-end venture fund focused on blockchain infrastructure and applications. |
Go-to-market motion3 records
CMT Digital product offering
Product offeringCore offering
CMT Digital manages early-stage venture capital funds that invest in crypto- and blockchain-native companies and protocols. The firm also operates a venture platform that delivers token strategy, listings support, and post-investment services to portfolio companies. Limited partners access the funds and reporting through a dedicated investor portal.
Product overview
CMT Digital operates a platform-plus-modules architecture centered on its early-stage web3 venture capital fund platform. The core platform spans four global funds with 150+ portfolio company investments, and the most recent module is Fund IV, a $136 million crypto-focused venture fund closed in November 2025. Together, the CMT Digital Venture Platform and Fund IV provide portfolio companies with investment capital, operational support, regulatory expertise, and access to the CMT Group's 28-year electronic trading heritage.
Differentiator
Problem solved
Functional benefit
Products and services
- CMT Digital Venture Fund (Fund IV) Early-stage venture capital fund investing in crypto- and blockchain-native companies and protocols; designed for institutional and qualified limited partners committing capital via a closed-end fund structure with capital calls, management fees, and carried interest.
- CMT Digital Venture Platform Post-investment support service for portfolio companies of CMT Digital funds, providing token strategy, primary/secondary listings support, and ongoing advisory across the lifecycle of crypto-native businesses.
Quantifiable outcome
- Backed Coinbase and Circle as early-stage platforms
- +8 more outcomes
Companies that use CMT Digital
Customer profileNamed customers1 record
Ideal customer profiles1 record
CMT Digital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CMT Digital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered parent organization and operational tooling.
- CMT Groupparent organizationCMT Digital is backed by the CMT Group, a 28-year global electronic trading and investment firm founded in 1997 by Scott Casto and Jan-Dirk Lueders. The CMT Group's trading, risk management, and technology expertise complements CMT Digital's venture fund.
- Altareturn (investor portal)operational toolingCMT Digital uses Altareturn (mgstover.altareturn.com) as its investor portal for LPs, with a 'Login' link featured in the main site navigation.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
CMT Digital competitors and assessment
Company assessmentDirect peers
- Paradigm: Paradigm is a crypto-focused investment firm that researches and invests in blockchain companies and protocols. It directly competes with CMT Digital in early-stage crypto venture investing.
- Polychain Capital: Polychain Capital is a crypto-focused investment firm managing active funds that invest in blockchain protocols and companies. It competes directly with CMT Digital for early-stage crypto deals.
- Multicoin Capital: Multicoin Capital is a crypto-focused investment firm that manages a hedge fund and venture fund investing in blockchain tokens and companies. It represents a direct peer in crypto venture investing.
- Pantera Capital: Pantera Capital is a blockchain-focused investment firm offering venture, early-stage, and liquid token funds. It competes directly with CMT Digital across multiple crypto investment strategies.
- Blockchain Capital: Blockchain Capital is an early-stage venture capital firm investing in blockchain technology companies. It is a direct peer focusing on seed and early-stage blockchain investments.
- Framework Ventures: Framework Ventures is a crypto-focused venture capital firm investing in early-stage blockchain projects and protocols. It represents a direct competitor in the crypto venture space.
- Electric Capital: Electric Capital is a crypto-focused venture firm investing in early-stage blockchain companies and protocols. It directly competes with CMT Digital for crypto investment opportunities.
Broad incumbents
- Andreessen Horowitz (a16z Crypto): a16z Crypto is the dedicated cryptocurrency fund of Andreessen Horowitz, one of the largest venture capital firms. It represents a well-capitalized incumbent with overlapping investment focus in blockchain and crypto.
- Digital Currency Group: Digital Currency Group is a global enterprise that builds, supports, and invests in companies in the digital currency and blockchain ecosystem. It operates a broader crypto investment platform competing with CMT Digital.
Emerging players
- Coinbase Ventures: Coinbase Ventures is the investment arm of Coinbase, focused on investing in crypto and blockchain startups. As a strategic investor backed by a major exchange, it represents an emerging peer in crypto venture capital.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
CMT Digital social profiles
Digital presenceCMT Digital compliance and trust
Trust signalCompliance1 record
CMT Digital financial estimates
Financial estimateRevenue estimate
Valuation estimate
CMT Digital leadership team
Management profileNumber of profiles
CMT Digital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CMT Digital M&A and investment
M&A and investmentM&A
Investments236 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CMT Digital
What does CMT Digital do?
CMT Digital manages early-stage venture capital funds that invest in crypto- and blockchain-native companies and protocols. The firm also operates a venture platform that delivers token strategy, listings support, and post-investment services to portfolio companies. Limited partners access the funds and reporting through a dedicated investor portal.
Is CMT Digital a public or private company?
CMT Digital is a private company. It is classified as corporate owned and is currently operating.
When was CMT Digital founded?
CMT Digital was founded in 2017. It employs 51 to 100 people.
Where is CMT Digital based?
CMT Digital is headquartered in Chicago, United States, in the North America region.
How does CMT Digital make money?
Two revenue lines are on record. Fund Management (Venture Capital) is the primary driver. The others are co-Investment & Series Co-Investments.
Who are CMT Digital's main competitors?
Direct peers on record are Paradigm, Polychain Capital, Multicoin Capital, Pantera Capital, Blockchain Capital, Framework Ventures and Electric Capital. Broad incumbents are Andreessen Horowitz (a16z Crypto) and Digital Currency Group. Coinbase Ventures is listed as an emerging player.
Does CMT Digital have an API?
No public API is recorded for CMT Digital.
What industry is CMT Digital in?
CMT Digital's product category is Crypto Venture Capital. Its primary akta.pro industry code is FSANAEAM, Digital Infrastructure Funds (Data Centers, Fiber, Towers). Its NAICS code is 523150 and its SIC code is 6211.