币界网报道：Chu and Collins have successfully raised $1 billion for a new crypto reserve vehicle aimed at stabilizing digital asset markets. The fund will focus on providing liquidity during periods of high volatility and supporting distressed crypto projects. Backed by institutional investors and high-net-worth individuals, the initiative seeks to mitigate systemic risks in the crypto ecosystem. The founders emphasized the vehicle's role in fostering long-term market resilience, citing lessons from recent market downturns. Regulatory compliance and transparency will be prioritized, with regular audits and disclosures planned. The fund is expected to begin operations in Q4 2023, targeting both established cryptocurrencies and emerging blockchain projects.