Superscrypt, a blockchain and Web3-focused venture capital firm backed by Singapore’s state-owned investment firm Temasek, is reportedly planning to raise $100 million to establish a new investment fund. Sources indicate that Superscrypt will partner with fintech firm Republic in this venture, although the deal is still in the preliminary stages and subject to change. Temasek, which holds a total portfolio value of around $288 billion, drew attention in 2022 following its $275 million loss from the collapse of cryptocurrency exchange FTX, where it had invested $210 million for a 1% stake. The fallout led to significant scrutiny over Temasek's investment strategies and prompted internal investigations, though no misconduct was found within its team. The firm also faced a lawsuit alongside other VC investors for allegedly facilitating fraudulent activities at FTX. Despite these challenges, Temasek continues to explore new investment opportunities in the blockchain space.

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