About CMT Digital
CMT Digital is a venture capital firm founded in 2013. It is primarily based out of Chicago, United States. As of Oct 2026, CMT Digital is an active investor, having invested in 173 companies, with 14 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Series B round of UE Crypto Overall, CMT Digital portfolio has seen 10 unicorns, 5 IPOs and 10 acquisitions including key companies like Circle, Coinbase and FalconX. A lot of funds co-invest with CMT Digital, with names like Digital Currency Group sharing a substantial percentage of its portfolio. CMT Digital has team of 8 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio Acquisitions
CMT Digital's List of Top Investments
CMT Digital has a portfolio of 173 companies, including 10 unicorns. Their most notable investments are in Alpha5 and Teamway.Their portfolio spans across United States, Singapore, United Kingdom and 29 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 18 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by CMT Digital:1. Circle
Cross-border payment solution for businesses focusing on cryptocurrency. It offers a payments API for payment processing, a payouts API for global payouts solutions, and more. The mobile application is available for Android users.
Key facts about Circle
- Founded Year: 2013
- Location: Boston (United States)
- Stage: Public
- Total Funding till date: $1.51B
- Employee Count: 1,533 as on Sep 30, 2026
- Investors: 2020 Ventures, K2 Global and 58 Others
- Latest Funding Round: Post IPO, Sep 22, 2026, $*****
- Highlight: Public
2. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 152 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
3. FalconX
Online platform offering cryptocurrency trading and investment solutions for institutions. It offers a fully comprehensive solution built specifically for institutions. It enables users to buy and sell digital assets through encrypted networks. It also provides trade execution, trading insights, market updates, crypto industry news, credit and treasury management, market making, and more.
Key facts about FalconX
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $430M
- Employee Count: 602 as on Sep 30, 2026
- Investors: Adams Street Partners, Founders Circle Capital and 26 Others
- Latest Funding Round: Series D, Jun 22, 2022, $*****
- Highlight: Editors' Pick
4. Figure
Blockchain-based platform for consumer loans. It provides a blockchain-based platform for consumer loans. It offers loans such as personal loans, residential mortgage loans, home equity loans, mortgage refinancing loans, and more. It provides a blockchain-based platform for capital raising and fundraising. It also provides trading tools for startups and businesses in order to track and manage equities.
Key facts about Figure
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $435M
- Employee Count: 651 as on Sep 30, 2026
- Investors: Section Partners, VII Ventures and 53 Others
- Latest Funding Round: Conventional Debt, May 22, 2025, $*****
- Highlight: Public
5. PDAX
PDAX is an online exchange platform for cryptocurrencies. Allows users to buy, sell, and manage cryptocurrencies and utility tokens. Supports Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
Key facts about PDAX
- Founded Year: 2017
- Location: Makati (Philippines)
- Stage: Series B
- Total Funding till date: $62.5M
- Employee Count: 286 as on Sep 30, 2026
- Investors: Kingsway Capital, Tiger Global Management and 13 Others
- Latest Funding Round: Series B, Feb 10, 2022, $*****
- Highlight: Editors' Pick
CMT Digital's Year-on-Year Investment Trends
CMT Digital has invested in 173 companies over the last 8 years, with an average of 18 new investments annually in the last 5 years. In 2025, it made 14 investments, while as of Oct 2026, it has made 13 investments in this year. Its most recent first time investment was in UE Crypto and most recent follow-on round was in TRM Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 12 | 1 | 13 |
2025 | 13 | 1 | 14 |
2024 | 10 | 6 | 16 |
2023 | 21 | 4 | 25 |
2022 | 27 | 2 | 29 |
2021 | 32 | 5 | 37 |
2020 | 5 | 4 | 9 |
2019 | 4 | 3 | 7 |
2018 | 4 | 0 | 4 |
CMT Digital's Investments by Stage
CMT Digital has made 62 investments in Seed stage with an average round size of $4.74M, 42 investments in Series A stage with an average round size of $17.9M and 16 investments in Series B stage with an average round size of $40.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 62 |
Series A | 42 |
Series B | 16 |
Series C | 5 |
Angel | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
CMT Digital's Investments by Sector
CMT Digital has a diverse portfolio, with companies operating in the FinTech, Blockchain Technology, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 160 Tech companies, 132 Blockchain companies, 98 Enterprise (B2B) companies and at least 90 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 100 |
Blockchain Technology | 97 |
Blockchain - Industry Applications | 86 |
High Tech | 63 |
Enterprise Applications | 41 |
Others | 68 |
Note: We have considered here, only first round of investments
CMT Digital's Investments by Geography
CMT Digital has made most investments in United States (72), followed by Singapore where it has made 9 investments.Country | No. of Investments |
|---|---|
United States | 72 |
Singapore | 9 |
United Kingdom | 8 |
China | 3 |
Nigeria | 3 |
Others | 31 |
Note: We have considered here, only first round of investments
CMT Digital's recent investments
CMT Digital has made 13 investments in 2026 so far. UE Crypto and Luxor are the latest among them.Here are the most recent investments by CMT Digital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2026 | - | Series B | 1653 | - | |
Oct 27, 2026 | United States | Series B | 1231 | [+3] | |
Oct 15, 2026 | United States | Seed | 1356 | [+4] | |
Sep 03, 2026 | United States | Series A | 4264 | [+5] | |
Aug 26, 2026 | - | Seed | 6368 | [+4] |
Unicorns in CMT Digital's Portfolio
CMT Digital has 10 unicorns in its portfolio - TRM Labs, Zero Hash, SHRAPNEL and others. The most recent unicorn in their portfolio is TRM Labs. It became a unicorn in 2026, 3 years after CMT Digital first invested in it.Here is a list of unicorns in CMT Digital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of blockchain intelligence for detecting crypto-facilitated crime and compliance | 2018 | San Francisco | Series C | hkkfaje | ||
68 | Embedded crypto solutions for financial institutions | 2017 | Chicago | Series D | omclado | ||
47 | NFT-based trading platform for digital games | 2021 | Seattle | Series A | {sahzke | ||
69 | Blockchain-based infrastructure for NFT games and applications | 2018 | Sydney | Series C | eagfnat | ||
75 | Developer of blockchain and web3 software platform | 2014 | Fort Worth | Series D | inun{mv |
IPOs and Publicly Listed companies in CMT Digital's Portfolio
5 of CMT Digital's portfolio companies have become public. Figure got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $4.34B and Circle got listed on the New York Stock Exchange (NYSE) at marketcap of $6.22B.Here are CMT Digital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2025 | - | - | 7744 | |
Jun 05, 2025 | - | - | 8010 | |
Apr 14, 2021 | - | - | 5747 | |
Nov 20, 2020 | Dec 19, 2018 | Series A | 5415 | |
Nov 08, 2019 | - | - | 4907 |
Acquired companies in CMT Digital's Portfolio
10 companies from CMT Digital's portfolio have been acquired. The most recent acquisition was TazaPay in Sep 2026 by Circle for $*****.Here are CMT Digital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 09, 2026 | Mar 26, 2026 | Series B | 9284 | |
Jul 22, 2026 | - | - | 7248 | |
Feb 26, 2026 | Sep 08, 2021 | Series B | 3437 | |
Jan 13, 2026 | - | - | 7364 | |
Sep 10, 2025 | Sep 13, 2021 | Series A | 9536 |
Team profile of CMT Digital
CMT Digital has a team of 8 members including 2 Partners and 1 Principal located in United States. CMT Digital's team does not sit on the board of any company as of now.Here is a list of all team members in CMT Digital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chicago | - | ||
Partner | Naperville | - | ||
Principal | Miami | - |
Co-investors of CMT Digital
Over the past 8 years, 1244 investors have co-invested in CMT Digital's portfolio companies. This includes funds and angels.
- Invested before CMT Digital: Polychain, Bain Capital Ventures and 263 others have invested in rounds before CMT Digital. There are 6 companies where Polychain has invested before CMT Digital and 3 companies where Bain Capital Ventures has invested before CMT Digital.
- Top Co-investors of CMT Digital: 701 investors entered a company along with CMT Digital. These include investors like Digital Currency Group (13 companies).
- Invested after CMT Digital: A total of 278 investors have invested in CMT Digital's portfolio after their investments. Top Investors include ParaFi (4 companies), Coinbase (4 companies) and Cadenza (3 companies).
Recent News related to CMT Digital
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Circle raises INR 25 Cr led by Nexus Venture PartnersEnablers•Oct 14, 2026•Circle, Nexus Venture Partners, Titan Capital, Circle and 9 others
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Diameter Pay Raises $10M Series A to Expand Global Fintech Payment InfrastructureThe SaaS News•Sep 04, 2026•CMT Digital, Faction VC, Diameter Pay, Onigiri and 4 others
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City Protocol Secures $11 Million in Seed and Pre-A Rounds with Support from Dragonfly, Jump Crypto, and CMT DigitalChainCatcher•Aug 25, 2026•Jump Crypto, Mirana, Stratified Capital, CMT Digital and 2 others
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Tazapay nets $36m series B led by Circle VenturesStartupNews•Mar 26, 2026•TazaPay, Circle, Arc180, Norinchukin Capital and 11 others
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STS Digital Closes $30 Million Strategic RoundAgencia EFE•Feb 26, 2026•STS Digital, Kraken, CMT Digital, Arrington Capital and 6 others
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Kraken Debuts 'Flexline' Crypto-Secured Loans for Professional TradersCryptocurrency•Feb 26, 2026•Kraken, Strobe Ventures, STS Digital, Arrington Capital and 4 others
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NEWITY: $11 Million Strategic Investment Raised To Scale AI-Driven Small Business Lending InfrastructurePulse 2.0•Feb 24, 2026•NEWITY, CMT Digital
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Blockchain $11M Investment Fuels Revolutionary Blockchain Lending Platform For Small BusinessesBitcoin Ethereum News•Feb 20, 2026•NEWITY, CMT Digital
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Kraken Acquires Token Management Firm Magna Ahead of IPO PushCoinDesk•Feb 19, 2026•Kraken, Magna, Magna, Payward and 4 others
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TRM Labs Secures $70M Series C to Scale AI Solutions Designed for National SecurityNftgators•Feb 04, 2026•TRM Labs, Galaxy, Thoma Bravo, Goldman Sachs and 13 others
