The Digital Asset Fund, based in Toronto, Ontario, primarily invests in startups in the information technology sector, with a particular focus on industries such as Automotive and FinTech. The fund typically invests in rounds with seven participants and targets companies that are 2-3 years old. Some notable investors in the same rounds as the fund include SoftBank Investment Advisers, Munich Re/ERGO Corporate Venture Fund, and Hambro Perks Ltd. The fund has made investments in companies like Fair and is known for its activity in deals exceeding $100 million.