Re7 Capital and Republic Crypto have launched a $100m fund, named RxR Opportunities Fund, for investing in hand-picked crypto tokens with medium-sized market caps. The fund has a one-year lock-up with liquidity then unlocked on a quarterly basis. Up to 15% of the fund could go into private deals, such as over-the-counter transactions. Re7 is a Cayman Islands-based venture capital firm that has been running a market-neutral DeFi yield fund since 2021 and a fund focused on increasing ether since February. Republic Crypto is a web3 advisory and crypto infrastructure firm. The new fund adds a third option with a different risk-return appetite for Re7's clients.

(By Tim Copeland)