The founder of 10T Holdings plans to launch a new cryptocurrency PE fund of US $1 billion
On February 23, Dan Tapiero, founder of 10T Holdings, planned to launch the new cryptocurrency private equity (PE) fund company, 1Round Table Partners, with the goal of raising up to US $1 billion for the flagship fund 1RTO Opportunities Fund by the end of the third quarter. The fund will focus on supporting the equity of digital asset companies in the middle and later stages that have significant appreciation potential in the next five to 10 years. At present, it has received the support of hedge fund billionaire Alan Howard. （Blockworks）
Interpretation of this information:
Dan Tapiero, founder of 10T Holdings, has announced the launch of a new cryptocurrency private equity (PE) fund company called 1Round Table Partners. The primary goal of this new company is to raise up to US $1 billion by the end of the third quarter for the flagship fund, 1RTO Opportunities Fund. The fund will focus on supporting the equity of digital asset companies in the middle and later stages that have significant appreciation potential in the next five to 10 years.
It’s an interesting move for an industry that has faced a significant amount of skepticism from traditional investors. However, the backing of hedge fund billionaire Alan Howard suggests that cryptocurrency investments are gaining more mainstream support.
Tapiero’s decision to start a cryptocurrency private equity fund company could be seen as a reflection of the wider market trends, as the cryptocurrency industry continues to gain more acceptance and support. With the growing number of institutional investors and traditional financial firms making moves into the crypto space, this seems like a natural progression in the maturation of the industry.
The company aims to support both digital asset companies and investors, offering a platform for investment, capital management, and a network of industry professionals. By providing these services, it aims to help investors navigate the sometimes complicated world of cryptocurrencies and digital assets.
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