Limited partners seek assurances from Crypto venture funds

Amid hard times for the crypto market, where prices for publicly traded digital tokens such as bitcoin have dropped more than 50% this year. (REUTERS) — Amid hard times for the crypto market, where prices for publicly traded digital tokens such as bitcoin have dropped more than 50% this year. (REUTERS)

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4 min read . Updated: 29 Aug 2022, 05:46 PM IST Yuliya Chernova, The Wall Street Journal

Investors are imposing requirements related to custody and audit functions

Pensions, endowments and other venture-capital investors are imposing tighter compliance and security standards for venture funds backing crypto startups to protect the growing amount of capital going to them.