Summary
- Dan Tapiero announced the establishment of the 50T Fund, a $500 million fund for investing in cryptocurrency companies.
- The 50T Fund plans to make diversified investments in various products such as stocks and tokens.
- Tapiero stated that many cryptocurrency companies need growth capital.
Amidst expectations that many cryptocurrency companies will go public this year, venture investor Dan Tapiero is setting up a fund to invest in cryptocurrency companies.
According to PitchBook on the 12th, Dan Tapiero's Roundtable Partners is establishing the 50T Fund to invest in cryptocurrency companies, starting with a $500 million fundraising.
The 50T Fund is named after the belief that the cryptocurrency market will reach $50 trillion within 10 years. It is reported that the 50T Fund will make diversified investments in various products such as stock investments and token investments.
Dan Tapiero introduced the 50T Fund by stating, "The Trump Administration is laying the foundation for the United States to become a global hub for cryptocurrency and blockchain. Investors deserve the ability to invest in private companies that are part of the current digital asset ecosystem."
He added, "Coinbase cannot remain the only large publicly listed company in the cryptocurrency sector. Many companies and projects are moving beyond the venture stage and need growth capital."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
