According to Bloomberg, Pantera Capital aims to raise $1 billion for the new cryptocurrency fund it will create.
Pantera Capital, one of the most well-known digital asset companies, is reportedly trying to raise more than $1 billion for a new fund. This fund aims to provide investors with exposure to a wide range of blockchain assets.
The new fund, known as Pantera Fund V, will be the company's second “all-in-one” fund. It plans to invest in a variety of assets, including seed capital, early-stage tokens, liquid tokens, and other assets. This information was revealed by Bloomberg News. A Pantera spokesperson has not yet responded to a request for comment.
If successful, Pantera Fund V would be the largest fund raised since the industry suffered a series of scandals and bankruptcies in 2022, leading to a significant collapse. The fund plans to invest the money in equities and early-stage tokens. It is currently seeking limited partners with a minimum investment of $25 million.
*This is not investment advice.