Pantera Capital is reportedly eyeing a new $1.25 billion blockchain fund

by Arthur · September 30, 2022

Pantera Capital is reportedly eyeing a new .25 billion blockchain fund

Pantera Capital launched its first blockchain fund in June 2021
The new fund will reportedly invest in shares, as well as digital tokens

Pantera Capital is reportedly looking to launch a second blockchain fund, despite the ongoing bear market that has sent crypto prices spiraling in recent months.

Pantera is an institutional asset manager focused on the blockchain industry, and currently offers five funds: venture, bitcoin, early-stage token, liquid-token and blockchain funds.

Launched in June 2021, Pantera’s blockchain fund is an actively managed offering that invests in a combination of venture equity, early stage tokens and liquid tokens. It is for qualified buyers only and has a minimum investment of $1 million.

Now, Pantera founder Dan Morehead said Wednesday at a conference in Singapore that the company plans to raise $1.25 billion for a second blockchain fund, Bloomberg reported. The fund, which Morehead said Pantera aims to close in May, will invest in stocks and digital tokens, he said.

A spokesperson for Pantera did not immediately return a request for comment.

Although it initially sought to raise $600 million for its first blockchain fund, Pantera executives said in March that they had $1 billion in commitments so far and would close the vehicle to new investors the following month.

“We really want to dive into consumerism [use cases] a lot more, the intersection of traditional finance and DeFi and also things around the continued global institutionalization of the space,” Pantera partner Paul Veradittakit said during an investor call in March.

Veradittakit added at the time that the blockchain gaming sector would be “a huge sector in the coming years” and that the company would also invest in NFT marketplaces, platforms and developer tools.

Over the past two months, Pantera has disclosed investments in Revolving Games, Stacked, Pinata, Stride and Unstoppable Domains. Pantera led the latter company’s $65 million Series A round in July.

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Ben Strack

Ben Strack is a Denver-based reporter covering macro and crypto-based funds, financial advisors, structured products, and the integration of digital assets and decentralized finance (DeFi) into traditional finance. Before joining Blockworks, he covered the asset management industry for Fund Intelligence and was a reporter and editor for various local Long Island newspapers. He graduated from the University of Maryland with a degree in journalism. Contact Ben via email at [email protected]