Venture capital firms are actively expanding their market presence amid the current bullish market trends. Notable developments in March include the acquisition of quantitative trading firm CFT Capital by Web3-native investment company Borderless Capital.

This strategic move allows Borderless Capital to integrate artificial intelligence and proprietary quant trading products into its portfolio, aiming to enhance efficiency in capital deployment across various Web3 verticals. With assets under management totaling $600 million, Borderless Capital has previously invested in projects like Algorand, Blockdaemon, and Securitize, the latter being BlackRock’s new partner in a tokenized digital fund.

Moreover, this acquisition extends Borderless Capital's reach into Latin America, with plans to explore opportunities in Argentina, Uruguay, Brazil, Chile, and Mexico, as mentioned by Borderless co-founder and managing partner David Garcia.

Looking ahead to 2024, Borderless Capital anticipates cross-chain standardization to emerge as the next phase in the crypto space's evolution. Garcia highlighted the importance of modularity in blockchains, predicting the emergence of new layers such as L1s, L2s, and L3s. Additionally, Garcia emphasized Borderless Capital's focus on decentralized physical infrastructure (DePIN), identifying it as a transformative paradigm across various industries.

In other funding news, Ethereum Virtual Machine (EVM) layer-2 platform Morph secured $20 million in angel and seed funding, while London-based Web3 decentralized AI startup FLock.io raised a $6 million seed round to advance its Federated Learning-powered Training Platform. Lastly, RACE, a decentralized infrastructure platform for tokenizing real-world assets, announced plans to establish Decentralized Investment Committees (DICs) to oversee due diligence processes on potential asset opportunities.