Venture capital firm CMT Digital hopes to raise $150 million in capital for its fourth fund, which will reportedly focus on longer-term crypto investments.

Fundraising began one month ago, according to Fortune. If successful, the fund would be the firm's largest after its first three raised $25.5 million, $130 million and $100 million, respectively.

"Right now, the next wave of innovation comes in the form of decentralized physical infrastructure," investment partner Sam Hallene told Fortune, citing application-specific hardware and Solana-based wireless network Helium. Hallene also indicated that the firm is interested in stablecoins for their use cases in global remittances and as yield-bearing tokens.

Head of Capital Gerald Formation Brant — who was previously in the same role at …