The Boston-based firm's investments will be focused on northeast U.S., it said.
A division of Cowen created in March is managing the fund.
The fund has already invested in six firms, including the Safello crypto exchange.
The funds are each bringing $20 million in investment to boost growth and development for Solana in the Chinese region.
The deal is part of Overstock’s plan to exit its blockchain-related investments.
Investor appetite for digital asset investment products increased last week, with strong interest in XRP.
No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.
The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in crypto last October.
Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.
The Hong Kong-headquartered cryptocurrency exchange has set up a new venture arm to invest the $200 million.
The asset manager's chief investment officer says institutional interest in DeFi tokens is ramping up.
The studio's flagship ventures fund increased in value from $14 million to $300 million.
Spartan Group's new fund has raised over $30 million in its first round, with a further $20 million expected to be raised in March or April.