Pantera Capital aims to raise $1 billion for new crypto fund, according to Bloomberg.
Pantera Capital, one of the most well-known digital asset firms, is reportedly seeking to raise more than $1 billion for a new fund. The fund is aimed at giving investors exposure to a broad range of blockchain-based assets.
The new fund, dubbed Pantera Fund V, plans to invest in a range of assets, including seed-stage tokens, early-stage tokens, liquid tokens, and other assets, according to Bloomberg News.
A Pantera spokesperson did not immediately respond to a request for comment.
If successful, Pantera Fund V would be the largest fundraise since the industry was rocked by a series of blowups and bankruptcies in 2022, triggering a significant downturn. The fund reportedly plans to invest in tokens and equity in early-stage crypto projects. It is said to be targeting commitments of at least $25 million from its investors.
