Metalpha announced that its Next Generation Fund has completed a two-year investment period and will begin trading in late March 2023. As of March 2025, the fund has achieved a 375.5% net asset value (NAV) performance, outperforming Bitcoin (BTC) by 67.3%. This performance can be queried on Bloomberg (code: LSQNEXI). Metalpha announced the transfer of its entire 40% stake in NextGen Digital Venture Limited to Jason Huang in recognition of his key contributions to the fund's success. NextGen Digital Venture Limited has successfully launched its second phase fund, which will continue to focus on equity investments related to crypto assets.