CMT Digital

CMT Digital describes itself as a venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology, and says it has invested in over 150 blockchain and crypto-focused businesses, protocols and tokens across four global funds. Its about page states that it is an early-stage web3 venture firm with the backing of the CMT Group, the trading and investment firm established in 1997 by its two co-founders, and that the group's expertise across trading, investing, risk management and technology complements the venture fund. The firm describes its approach as multi-generational, multi-disciplinary and globally diverse, pairing the founders' trading experience with younger investors who have worked through crypto cycles, and it emphasises operations and regulatory work, noting that it was one of the first crypto managers registered with the SEC through CMT Asset Management LLC. Its portfolio taxonomy covers DAO, Data, DeFi, Financial Services, Fintech, Fund, Gaming, Infrastructure, Mining and NFT/Social.

$136M (Fund IV close, October 2025, per Fortune; CMT Digital publishes no firm-wide AUM figure - prior funds were $25.5M, $130M and $100M) AUM 68/100 Power Score™ - Founded Chicago, IL
Blockchain DeFi Crypto Fintech Infrastructure
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Signature Exit

Circle Internet Group, Inc. (IPO June 2025; NYSE ticker CRCL)

Key Partners & Leadership

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Firm Timeline

1997
Scott Casto and Jan-Dirk Lueders establish the CMT Group, described by CMT Digital as a global electronic trading firm focused on low-latency electronic trading infrastructure.
2015
CMT's own release of 28 June 2023 describes the firm as investing in blockchain and digital asset ventures 'since 2015' and states 'Founded in 2015'. The firm's homepage says 2017. The conflict is unresolved and founded is left null.
2017
CMT Digital is founded as the CMT Group's digital assets and blockchain venture arm, per the founding statement on its homepage.
2018
CMT Digital Ventures Fund I LLC files its Form D with the SEC on 16 October 2018.
2021
CMT Digital Ventures Fund II LLC and CMT Digital Ventures Fund II (QP) LLC file Form D with the SEC on 26 April 2021.
2023
Augustus 'Augie' Ilag is appointed Head of Asia and Erik Ellingson Head of Business Development, announced 28 June 2023.
2024
CMT Digital Ventures Fund IV LLC and CMT Digital Ventures Offshore Fund IV Ltd. file Form D with the SEC on 30 September 2024; the firm tells Fortune in June 2024 it is targeting $150 million for the fund.
2025
CMT Digital closes its fourth venture fund at $136 million in early October 2025.