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VisionTrack Crypto Data Dashboard

Taxonomy & Methodology

Last updated: March 29, 2023

VisionTrack collects data from several publicly available sources for consumption in the market to confirm internal market intelligence. These sources include for-purchase databases, open-source databases, press releases, government regulatory filings, news articles, social media posts, etc. Additionally, we are consistently monitoring, updating, and refining detailed information covered by crypto-native media organizations as well as venture capital research teams. Additionally, the VisionTrack team collects contributed information directly from fund managers for anonymized and aggregated use.

How do we define a crypto-dedicated investor?

A crypto-dedicated firm may be identified on several criteria. The types of investment managers participating in the crypto asset management are as follows:

  1. Crypto-Native Manager: A fund manager with a vintage year prior to ~2018 and typically investments prior to 2020. Though this terminology is subject to argument and often awarded as a badge of honor determined by a cohort of likeminded investors, builders.

  2. Crypto-Dedicated Manager: Differencing slightly from a crypto-native manager. This classification is often reserved for investors that are inclusive of crypto-native managers in but are newer entrant to the market as investment managers.

  3. Traditional Investor: An established private market investor. This investor may have completed several deals in other venture capital verticals. They may have had focus on the crypto/blockchain segmentation at the same time as a crypto-native manager, however, they were not as focused or didn’t have equal amounts of exposure given assessments of their previous portfolio.

  4. Emerging Manager: A new fund manager raising a crypto-dedicated fund. Not to be confused with a first-time fund manager in traditional VC. The emerging managers in this context are related to emerging managers in the block-chain crypto space.

  5. Branded Manager: A branded manager is a manager investing in crypto & digital assets with years’ experience investing in the market. Typically, a branded manager has multiple investment funds offered as both venture and/or hedge fund strategies.

Firm Taxonomy

  1. Firm Type One: The description to the firm’s primary investment strategy. This includes Hedge Fund, Venture, and Platform. A firm with one or more strategies in both venture and/or hedge fund category is defined as a Platform. Platform may offer a range of investment vehicles or financial services.

  2. Firm Type Two: This level of taxonomy focuses on the level of investment focus as determined by VisionTrack research. Direct, Passive, Fund of Funds (FoFs), and All are the four main categories.

  3. Firm Type Three: A firm with priority investment focus for crypto and digital assets is defined as a crypto dedicated fund. Firms participating in other investment markets are considered traditional investors.

  4. Description: Investment preferences or financial services offered as the primary focus for the entity. This might include details such as investment preferences by stage or specific financial services offered by the firm.

Fund Taxonomy

  1. Crypto-Native Fund: An investment fund raised by a crypto-native manager.

  2. Crypto-Dedicated Fund: An investment fund primarily for crypto & digital assets. This is inclusive of crypto-native fund taxonomy. In venture, this is also inclusive of traditional fund managers who raised a crypto-specific fund as that would be “dedicated” to crypto/blockchain investments.

  3. Ecosystem Fund: An investment fund dedicated to a particular ecosystem of development. Often specific to geographical location or specific blockchain communities.

Media Use

Any reference to the data in the VisionTrack Data Dashboard needs to be properly cited for source. The information presented is intended for public consumption with proper sourcing credit. Please utilize one of the following approved citations when using or referring to any of the data presented: "According to the VisionTrack Data Dashboard" or "According to Galaxy VisionTrack". When citing a source, please use: "Source: Galaxy VisionTrack”


The VisionTrack Data Dashboard and the VisionTrack Database are provided for informational purposes only and should not be relied upon for the basis of any investment decisions. The content provided herein should not be considered investment advice, and is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product by Galaxy Digital or its affiliates to buy or sell any securities.  Except where otherwise indicated, the information is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof.

Certain statements reflect Galaxy’s views, estimates, opinions or predictions (which may be based on proprietary models and assumptions, including, in particular, Galaxy’s views on the current and future market for digital assets), and there is no guarantee that these views, estimates, opinions or predictions are currently accurate or that they will be ultimately realized. To the extent these assumptions or models are not correct or circumstances change, the actual performance of Galaxy and its subsidiaries may vary substantially from, and be less than, the estimated performance. None of Galaxy nor any of its respective affiliates, shareholders, partners, members, directors, officers, management, employees or representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of any of the information transmitted or made available to you. Each of the aforementioned parties expressly disclaims any and all liability relating to or resulting from the use of the information.