Howard has been an active investor in the crypto space for some time.
The May sell-off in crypto has seen a number of leveraged positions held by investors with losses.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
It plans to use the funds to support blockchain projects through token swaps.
Bitcoin has quadrupled in price since the last time Goldman's consumer division declared bitcoin not "suitable" for clients.
The investment banker wants his company to develop expertise in the crypto space before diving in.
LMAX Digital says many institutional clients saw last week's crypto crash as "an opportunity to buy."
The fund has already invested in six firms, including the Safello crypto exchange.
Senator Jane Hume also said cryptocurrencies are "an asset class that will grow in importance."
The investments will likely be available to qualified investors next month.
Crypto’s weak fundamentals mean investors should be prepared for more price swings, Luis de Guindos said.
Investors have been diversifying out of bitcoin and into altcoin investment products, according to CoinShares.
Nasdaq-listed Mogo plans to lift its ownership position in the Canadian exchange to about 37%.
The new arm, Bullish Global, will be focused on the launch of a cryptocurrency exchange later this year.