Friday, July 1

Dan Tapiero’s 10T Holdings To Launch $ 500 Million Fund For Late-Stage Cryptocurrency Firms By CoinTelegraph

© Reuters. Dan Tapiero’s 10T Holdings to Launch $ 500 Million Fund for Late-Stage Cryptocurrency Companies

Macroinvestor Dan Tapiero is launching another multi-million dollar fund aimed at investing in mid- and late-stage companies in the digital asset ecosystem.

According to an exempt securities offering notice filed Monday with the U.S. Securities and Exchange Commission, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik notified the regulator of the creation of a growth capital fund of $ 500 million for cryptocurrency and blockchain companies. The presentation shows that the fund has not yet sold any of the original investment.

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The 10T DAE Fund 3.0 is the third to come from the growth capital firm after a $ 200 million fund launched in February and a $ 750 million fund in September. The company has 14 cryptocurrency and blockchain firms in its portfolio, including Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury, and Ledger. With the addition of the $ 500 million fund, 10T Holdings’ assets under management would likely exceed $ 1 billion (AUM $ 770 million is listed on its website at press time).

Read the full article on Cointelegraph

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Reference-es.investing.com

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