Macro investor Dan Tapiero has launched another multimillion-dollar fund dedicated to investments in mid-to-late-period companies in the digital asset ecosystem.

Tabero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have notified the regulator of a $ 500 million growth fund for crypto and blockchain companies, according to a securities offering exemption notice filed with the US Securities and Exchange Commission on Monday. … The submissions show that the fund has yet to sell its initial investment.

10T DAE Fund 3.0 is the third fund created by the developer, after a $ 200 million fund launched in February and a $ 750 million fund in September. The company lists 14 crypto and blockchain companies in its portfolio, including Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury, and Ledger. With the addition of $ 500 million, 10T Holdings Under Management (AUM) assets are likely to exceed $ 1 billion – the site states that $ 770 million is under management at time of publication on the site.

Tabero is no stranger to investing, but before the crypto boom, part of his business was in gold. The 10T Holdings founder also co-founded Gold Bullion International in 2009 and has been actively talking about the potential of the cryptocurrency ecosystem, including Bitcoin (BTC), as digital asset adoption accelerates.

Related Topics: Why Dan Tapiero Predicts Huge Bitcoin Deficits

According to Cointelegraph Markets Pro, BTC was at $ 51,140 at time of publication, up more than 20% since falling to a monthly low of $ 42,000 on December 3. However, Cointelegraph reports that there are signs that institutional investors are still eager to buy. cryptocurrency.

Source: CoinTelegraph