PANews reported on November 1 that according to Bloomberg, Superscrypt, a blockchain venture capital company backed by Singapore's state-owned investment company Temasek, is planning to raise up to $100 million for its second investment fund. People familiar with the matter revealed that Temasek will serve as the main investor and general partner of the fund together with New York fintech company Republic.

Temasek lost $275 million in 2022 due to the bankruptcy of FTX and cut executive salaries as a result. After experiencing a market downturn, venture capital in the blockchain field has gradually recovered. Superscrypt focuses on early investments in blockchain protocols and Web3 applications, and has invested in more than 20 projects including Space and Time and Aptos Labs.