**Pantera Capital Launches ‘All-in-One’ Blockchain Fund with $1M Entry Fee**

15 views 2:03 pm 0 Comments May 13, 2024

Highlights

  • Pantera Capital is aiming to raise $1.25 billion for its upcoming blockchain fund, set to launch in April 2025.
  • The firm currently manages $5.2 billion in assets distributed across three funds.
  • Institutional interest in the crypto and blockchain sectors appears to be steadily increasing in 2024.

Pantera Capital is gearing up to secure more than \(1 billion for an extensive blockchain fund, marking a significant initiative since 2022. Participation is limited to major investors, with a minimum investment requirement of \)1 million. Against the backdrop of positive developments in the blockchain and crypto sphere this year, Pantera’s plan to introduce a fourth blockchain fund could indicate further progress.

Overview of Pantera Capital Fund V

Pantera’s latest fund, envisioned as a comprehensive blockchain investment opportunity for eligible investors, represents the firm’s second venture in this realm. The fund is structured to include early-stage tokens, liquid tokens, startup equity, and other assets.

A notable player in the crypto industry, Pantera Capital is looking to raise $1 billion for its upcoming crypto fund V, scheduled for launch in April 2025. The fund’s diversified strategy will offer exposure to various blockchain assets, encompassing venture equity, early-stage tokens, and liquid tokens. This endeavor is poised to be the most significant fundraising effort since 2022, a year marked by market turbulence due to events like the FTX and Terra LUNA collapses.

Analysts, encouraged by the current market conditions, express optimism about the fund’s potential to meet or exceed its \(1.25 billion target, similar to its successful fundraising in 2022. Qualified investors are required to commit a minimum of \)1 million, while limited partners must allocate at least $25 million, as reported by Bloomberg.

Historical Performance

Pantera Capital’s Liquid Token Fund notably delivered a 66% return in the first quarter of 2024, driven by investments in tokens like Solana (SOL), Bitcoin (BTC), and Ethereum-based (ETH) tokens. Established in 2017, this fund, characterized as a multi-strategy vehicle focusing on 10 to 20 liquid tokens simultaneously, targets decentralized finance (DeFi) tokens. Additionally, the fund continues to acquire discounted tokens following the FTX collapse and demonstrates a strong interest in memecoins, affirming their enduring relevance.

Resurgence of Blockchain

Amid a prevailing bullish sentiment, the crypto landscape is witnessing a resurgence marked by upcoming capital raises, the recent Bitcoin halving, and numerous significant developments within the sector. Pantera Capital, with $5.2 billion in assets under management spread across three funds, emerges as a prominent and active investor in the crypto space. The firm’s extensive track record includes over 230 investments in crypto and blockchain projects.

Despite occasional market uncertainties surrounding the Bitcoin Halving event, the resurgence of institutional interest indicates a growing positive market sentiment. This resurgence signals a potentially optimistic outlook for the crypto and blockchain sectors in the future.

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