Pantera Capital, a blockchain-focused institutional asset manager, is reportedly looking to raise funds for a second blockchain fund.
Un raport de Bloomberg on Wednesday states that the hedge fund’s founder Dan Morehead had revealed plans for a $1.25 billion raise. The știri blockchain come amid a growing interest in crypto across Wall Street, with one of the latest moves in the space being what we raportate of players such as Fidelity Investments, Citadel Securities and Charles Schwab,
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It’s a scenario that has Pantera Capital, among other players, looking to leverage the increased appetite for cripto from within the institutional investor space to put together a fund that will not just spur further innovation but also underpin the next adoption cycle.
Why the second blockchain fund?
Morehead notat:
„Vrem să oferim lichidități pentru oamenii care renunță, deoarece suntem încă foarte optimiști în următorii 10 sau 20 de ani.”
The crypto-focused asset manager’s second fund should close by May next year, Morehead said on the sidelines of the Token2049 conference in Singapore.
The Pantera founder was the keynote speaker at the event, which reportedly attracted the participation of 13 companies on the venture firm’s portfolio.
Pantera Capital was founded in 2003, and launched Pantera Bitcoin Fund, the first fond bitcoin in the US in 2013. The firm’s Venture Fund I, also launched in 2013, was the first blockchain-only fund in the market.
In June 2021, the firm announced Pantera Blockchain Fund – a new fund targeted for the entire scope of the blockchain space (covering all assets.)
According to details on its , Pantera notes Blockchain Fund targeted at $600 million and is a venture-style fund with a $1 million minimum investment for all markets, including venture equity, liquid tokens and early-stage tokens. Since 2013, Pantera has led nearly half of 210 investments made.
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