- Dan Tapiero has launched a $200 million fund to invest in the crypto ecosystem
- The macro investor has intended to invest in the crypto firms which are associated with digital assets
- Tapiero remained optimistic regarding the potential of the crypto ecosystem
Crypto ecosystem is attracting more macro investors in the industry like Dan Tapiero. The macro investor has launched a $200 million fund intending to invest in the digital ecosystem’s mid-to-late-stage firms. According to a notice filed on Thursday with the United State Securities and Exchange Commission (SEC), Michael Dubilier and Stan Miroshnik, Tapiero’s 10T Holdings partners, have been given notice of a $200 million growth equity fund for crypto firms. Following the filings, it is found that the growth equity fund has already sold $124 million of the original investment.
Dan Tapiero has joined two others to invest in the crypto ecosystem
Dan Tapiero, also a long-time Bitcoin advocate, is about to launch the new $200 million growth equity fund. It is known that the macro investor is joined by Michael Dublier, a long time investor and Stan Miroshnik, former chief executive officer of Argon Group, a crypto advisory firm to be the partners of 10T Holdings. The filings of Tapiero with the US SEC came after the spark of other institutional interest in investing in the crypto ecosystem as the price of the leading crypto token Bitcoin has returned the investors with more than 300% last year.
In which firms did Tapiero plan to invest?
Last year in November, Tapiero spoke in a podcast series with Anthony Pompliano. In the Podcast, he spoke regarding the investment fund. Tapiero stated that a bunch of partners, including him, were buying equity stakes in crypto firms. Moreover, such firms which are associated with virtual assets. Specifically, Tapiero has also mentioned the name of some possible firms in which he should be investing. Such fintech firms will invest, including Figure Technologies, Kraken cryptocurrency exchange, and stablecoin issuer Paxos.
Tapiero is optimistic regarding the potential of cryptocurrency
The macro investor and the founder of 10T Holdings is also an investment veteran. However, before the recent crypto rally, some of Tapiero’s investment business was in gold. In 2009, Tapiero also helped to co-found Gold Bullion International. The co-founder has been positively speaking regarding the crypto ecosystem’s potential, as the adoption of crypto assets accelerates.
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