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Fidelity crypto vets form venture capital firm

Illustration: Rebecca Zisser / Axios

Castle Island Ventures has been launched by Matt Walsh and Nic Carter, who previously worked on Fidelity's crypto-asset and blockchain initiatives.

A source tells Axios that CIV's strategy will be to focus on those same areas, both making equity investments and buying tokens. So far it's secured around $30 million from backers like former Fidelity colleagues and executives at Highland Capital Partners.

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