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- Crypto multimillion fund has been established by Dan Tapiero’s 10T Holdings
- The funds would be intended to invest in mid-to-late-stage firms in the cryptocurrency ecosystem
- 10T has listed 14 crypto and blockchain firms in its portfolio
Crypto assets funds are also emerging globally as the industry gets mainstream. Many micro and macro investors seek to invest in the industry. 10T, one of the mid to late stage growth equity funds, is focused on investing in private institutions operating in the cryptocurrency ecosystem. Notably, the fund is managed by the macro investor, Dan Tapiero, who has years of experience in investing and trading. Recently, 10T has unveiled plans of raising and establishing a $500 million worth fund that will focus on late-stage digital assets firm investment.
10T Holdings establishes another multimillion fund
10T Funds has been establishing its third multimillion. Notably, the funds would be intended to invest in mid-to-late-stage firms in the cryptocurrency ecosystem. Moreover, it is estimated that the latest fundings would have increased 10T Holdings’ total asset under management (AUM) to more than $1 billion.
According to a recent filing with the United States Securities and Exchange Commission (SEC), Tapiero and his partners of 10T, Michael Dublier and Stan Miroshnik have given the regulatory body notice of a $500 million growth equity fund for crypto and blockchain firms. Furthermore, the Notice of Exempt Offering of Securities filing shows that the funds have not yet sold any of the original investment.
Third crypto fund by 10T Holdings
Following the latest establishment, it has been observed that the 10T DAE Fund 3.0 is the third to come from the growth equity firm. Notably, the latest fund follows a $200 million fund that was launched back in February and a $750 million fund that was launched back in September this year.
It is also noteworthy that 10T has listed 14 crypto and blockchain firms in its portfolio. These firms also include Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury, and Ledger. At press time, 10T’s official lists $770 million worth assets under management.
Shift from Gold to cryptocurrencies
Dan Tapiero is one of the veteran macro investors with several years of experience. Prior to the digital currency boom, Tapiero’s some of the businesses were in Gold. Simultaneously, he also had helped co-found the Gold Bullion International in 2009 and has been actively speaking regarding the potential of the digital ecosystem. Such speeches also included the leading crypto asset, Bitcoin, as the adoption boosts.
