Dan Tapiero’s 10T will launch a $500 million fund for later crypto companies

Macro investor Dan Tapiero is launching another multi-million dollar fund that aims to invest in mid- to late-stage companies in the digital asset ecosystem.

According to the securities exemption notice filed with the US Securities and Exchange Commission on Monday, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik give Regulatory agency’s notice on the establishment of a US$500 million growth equity fund for crypto and blockchain companies. The documents show that the fund has not yet sold any original investments.

10T DAE Fund 3.0 is the third fund from a growth equity company $200 million fund launched USD 750 million fund in February and September.company List There are 14 crypto and blockchain companies in its portfolio, including Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury and Ledger. With the addition of the US$500 million fund, 10T Holdings’ assets under management (AUM) may exceed US$1 billion-the asset management scale listed on its website at the time of publication is US$770 million.

Tapiero is no stranger to investment, but before the cryptocurrency boom, some of his business was gold. 10T Holdings founder also helped Co-founded Gold Bullion International In 2009, and has been actively talking about the potential of the crypto ecosystem, including Bitcoin (Bitcoin), with the acceleration of the adoption of digital assets.

related: Why Dan Tapiero expects a massive shortage of Bitcoin

According to the data from Cointelegraph Markets Pro, The price of BTC at the time of release was US$51,140, ​​and it has risen by more than 20% since it fell to a monthly low of US$42,000 on December 3.However, Cointelegraph reported that There are signs that institutional investors Still looking to buy cryptocurrency.