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Dan Tapiero launches $200M funding fund for late-stage crypto corporations

02/03/2021

The SEC submitting notes the 10T Fund’s first sale occurred on Jan. 29, with $76 million remaining to be offered.

Macro investor Dan Tapiero has launched a $200 million fund supposed to spend money on mid- to late-stage firms within the digital asset ecosystem.

In response to a Discover of Exempt Providing of Securities submitting immediately with the U.S. Securities and Change Fee, or SEC, Tapiero and his 10T Holdings companions Michael Dubilier and Stan Miroshnik have given the regulatory physique discover of a $200 million progress fairness fund for crypto and blockchain corporations. The submitting reveals the fund has already offered $124 million of the unique funding.

The SEC submitting notes the 10T Fund’s first sale occurred on Jan. 29, with $76 million remaining to be offered. As well as, the fund has a $200,000 finders’ price expense.

Tapiero spoke of the funding fund on Anthony ‘Pomp’ Pompliano’s podcast in November, saying he and “a bunch of companions” had been shopping for non-public fairness stakes in mid- to late-stage firms related to digital property. He particularly talked about FinTech agency Determine Applied sciences, crypto change Kraken, and stablecoin issuer Paxos as potential corporations during which to take a position.

The 10T Holdings founder isn’t any stranger to investments, however previous to the crypto growth, a few of his enterprise was in gold. Tapiero helped co-found Gold Bullion Worldwide in 2009 and has been actively talking in regards to the potential of the crypto ecosystem, together with Bitcoin (BTC), as adoption of digital property accelerates.