Cryptocurrency and blockchain venture capital firm Castle Island Ventures announced Monday the launch of its second venture fund.
The Boston-based firm, which has invested in the likes of BlockFi and River Financial, told The Block that the $50 million fund would take on a broader thesis than its first fund, which mainly identified companies building infrastructure around bitcoin. CIV II will have an added focus on firms building in decentralized finance and stablecoins.
"I learned not to be overly restrictive in my worldview," Nic Carter, a partner at the firm, told The Block. "We've certainly broadened our view of what is investable. I expected certain regulatory actions to happen that did not happen."
Carter, a prolific commentator and writer in the crypto space, leads Castle …