ChainThink reports that, according to an official announcement, as of July 31, AngelList will cease support for cryptocurrency-based investment and fundraising due to its third-party cryptocurrency payment provider discontinuing related services.
At that time, options for new investments, fund raises, or fund rollovers made via USDC, USDT, DAI, and ETH across the platform will be suspended until further notice. The announcement states that other funding methods, such as ACH transfers and wire transfers, are unaffected.
Investments completed on or before July 31 are not affected by this adjustment and require no additional action.
For capital commitments that have not yet been fulfilled and were originally intended to be made in cryptocurrency, AngelList recommends that investors transfer the relevant crypto assets to their AngelList account or switch to wire transfer or ACH payments to complete their future contributions by July 30.
AngelList stated that it is evaluating the possibility of restoring digital asset financing functionality through a new service provider, but has not provided a specific timeline.