Pantera Capital, a blockchain-focused institutional asset manager, is reportedly looking to raise funds for a second blockchain fund.
Izveštaj Bloomberg on Wednesday states that the hedge fund’s founder Dan Morehead had revealed plans for a $1.25 billion raise. The vesti o blockchainu come amid a growing interest in crypto across Wall Street, with one of the latest moves in the space being what we prijavljeno 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 kripto 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 primećeno:
“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years.”
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.