From Regulator to Entrepreneur: Homer Secures $5.10 Million for Crypto Fund

Thursday, 2 May 2024, 15:49

Former US regulator, Matthew Homer, transitions to entrepreneurship, launching the Department of XYZ crypto fund with $5.10 million in initial funding. Backed by industry influencers like the Winklevoss twins and Robert Leshner, the fund aims to provide regulatory guidance to startups. The venture will focus on strengthening financial infrastructure and compliance in the cryptocurrency market, offering crucial support amidst regulatory uncertainties.
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From Regulator to Entrepreneur: Homer Secures $5.10 Million for Crypto Fund

Former US Regulator Matthew Homer Launches $5.10 Million Crypto Fund

Matthew Homer, an ex-regulator from the New York Department of Financial Services (DFS), launched a new crypto fund. The new venture, the Department of XYZ, has secured $5.10 million in initial funding.

From Regulator to Entrepreneur: Homer Secures $5.10 Million for Crypto Fund

Homer brings a unique perspective to the investment table after overseeing regulations at DFS. The Department of XYZ targets startups that strengthen financial infrastructure and compliance in the crypto market.

  • Backed by industry influencers like the Winklevoss twins and Robert Leshner
  • Targeting companies navigating complex regulatory landscapes
  • Offering nuanced guidance crucial for compliant scaling

Homer's fund is poised to empower crypto portfolios amidst regulatory complexities, aiming to be a transformative player in the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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