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.

  • and altcoins took a hit, but derivatives data reflects a calmer market

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

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.