THELOGICALINDIAN - Pantera Capital one of the better USbased institutional holders of cryptocurrencies has already aloft added than 70 actor for its third crypto armamentarium And the aboriginal advance by Pantera Venture Armamentarium III went to Intercontinental Exchanges Bakkt
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$175 Million Crypto Venture Fund
Pantera Capital, a Menlo Park, California based cryptocurrency advance fund, is reportedly attractive to accession up to $175 actor for its third adventure fund. This will accomplish Pantera Adventure Armamentarium III abundant bigger than its predecessors, which were bankrupt at aloof $25 actor and $13 actor respectively.
And SEC filings appearance the abutting already got $71,445,000 in basic commitments from ninety investors. Pantera accomplice Paul Veradittakit told Techcrunch that this bulk is aloof a “first close,” and explained that the abundant beyond ambition bulk is a “function of how fast the amplitude is moving, the aptitude advancing in, the opportunities, and the allocation of rounds. With added absorbing later-stage investments [on our radar], too, we appetite to be adjustable and able to move with the market.”
Bullish on Bakkt
The aggregation additionally appear that on its blog that, Pantera Venture Armamentarium III’s aboriginal advance “could aftereffect in one of the best important developments in blockchain history.” The armamentarium is one of the founding investors in Bakkt,
the recently-announced accessory of the ancestor of the New York Stock Exchange — Intercontinental Exchange (NYSE: ICE).
Pantera Capital wrote: “The abeyant ripple aftereffect of Bakkt’s success could echo beyond the Blockchain ecosystem by expediting bartering use and boundless institutional adoption. This is the aboriginal of several agitative projects the Pantera advance aggregation has articular for Venture Fund III. In alignment with our Venture Funds I and II advance strategies, Bakkt, as able-bodied as the two added projects in our pipeline, reflect a connected focus on infrastructure.”
Last ages it was reported that Pantera Capital has generated a added than 10,000% lifetime acknowledgment back ablution in 2013. Its accomplished portfolio includes abounding exchanges such as Bitstamp, Bitoasis, Bitpagos, Bitpesa, Coins.ph, Coinsuper, Koinex, Korbit, Paradex, and Ripio.
Is this a assurance that investors are assured a able bazaar recovery? Share your thoughts in the comments area below.
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