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Dan Tapiero Launches $200 Million Fund To Invest In Mid To Late-Stage Companies In The Digital Asset

Dan Tapiero, the CEO and founder of 10T Holdings LLC and Macro investor, has launched a $200 million fund to invest in mid to late-stage companies in the digital asset ecosystem.

It has been reported according to a Notice of Exempt Offering of Securities filing with the US Securities and Exchange Commission (SEC) that Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory body notice of a $200 million growth equity fund for crypto and blockchain firms.

However, the filing shows that the fund has already sold $124 million of the original investment.

The report said that the SEC filing notes the 10T Fund’s first sale occurred on January 29 with $76 million remaining to be sold, as the fund has a $200,000 finders’ fee expense.

In November, Dan Tapiero @DTAPCAP mentioned @krakenfx, Paxos, and Figure Technologies as possible recipients of investment for the $200M fund — Cointelegraph (@Cointelegraph) February 3, 2021

As per the sources, Tapiero spoke of the investment fund on Anthony ‘Pomp’ Pompliano’s podcast in November by saying that he and “a bunch of partners” were buying private equity stakes in mid to late-stage companies associated with digital assets.

He specifically mentioned FinTech firm Figure Technologies, crypto exchange Kraken, and stablecoin issuer Paxos as possible firms in which to invest.

Thus, Tapiero helped co-found Gold Bullion International in 2009 and has been actively speaking about the potential of the crypto ecosystem, including Bitcoin (BTC), as the adoption of digital assets accelerates.

Source: Cointelegraph



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