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BlockBeats News: On November 25th, according to Fortune magazine, a company called Metalayer submitted documents to the US Securities and Exchange Commission (SEC) planning to establish a $25 million investment fund. According to informed sources, the co founders of Metalayer are three senior executives from Two Sigma Ventures, the venture capital division of the mysterious investment firm Two Sigma headquartered in New York. According to sources, Metalayer completed its initial fundraising last Friday with a committed capital of $20 million and plans to complete full fundraising by the end of the year. According to sources, Metalayer's initial funding came from some executives at Two Sigma Ventures, but there will be no formal relationship between the two companies. Two Sigma is known for its hedge funds, managing approximately $60 billion in assets. Metalayer also raised funds from other supporters, including family offices and other executives of encryption protocols. According to LinkedIn information, Andy Kangpan, one of the founders of Metalayer, served as the head of digital assets at Two Sigma Ventures until August 2024. Mickey Graham served as Vice President of Two Sigma Ventures before joining the blockchain project Chainlink in 2021. David Winton left in 2021, previously serving as Vice President Software Engineer, and later joined the research team of Greenoaks, a large venture capital firm headquartered in San Francisco. Metalayer and Two Sigma Ventures both declined to comment.