White Star Capital, a tech-focused venture capital firm, has closed a $50 million fund dedicated to investing in blockchain firms and cryptocurrency networks.

Announced in an emailed press release on Thursday, White Star said the Digital Asset Fund had passed its original target of $20 million and is backed by institutional investors and corporations including Bpifrance and Ubisoft.The news marks White Star's first specialized blockchain and digital assets fund. The digital assets fund will be managed by White Star general partner Sep Alavi and principal investors Thomas Klocanas and Sanjay Zimmermann.It will initially invest between $500,000 and $3 million into 15 to 20 startups, focusing primarily on North America and Europe.Six investments have already been made in firms including dfuse, Multis, Paraswap, Rally, Ledn and Safello, a Swedish crypto exchange that recently went public on the Nasdaq First North.

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