Pantera Capital Aims To Launch $1B Blockchain Fund Amid Sector Recovery

Digital asset investment manager Pantera Capital is reportedly preparing to launch a new investment fund, aiming to raise over $1 billion.

What Happened: This new fund, known as Pantera Fund V, is scheduled for launch in April 2025 and seeks to provide investors with exposure to a diverse range of blockchain-based assets.

Unlike its previous funds, which include the Liquid Token Fund, Early Stage Token Fund, Bitcoin BTC/USD Fund, and various Venture Funds, each with a distinct investment focus, Fund V is designed to be an all-encompassing vehicle.

According to Bloomberg, the fund will include startup equity, early-stage tokens, and liquid tokens, reflecting a broad spectrum strategy in the blockchain space.

The fund is targeting a substantial initial commitment from investors, requiring a minimum allocation of $1 million from qualified investors and $25 million from limited partners.

This strategy suggests Pantera is not only capitalizing on the growing interest in digital assets but also banking on substantial institutional involvement.

This development is particularly notable given that a $1 billion fund would represent the largest raise in the cryptocurrency industry since May 2022, when venture capital powerhouse Andreessen Horowitz secured a record $4.5 billion for its own efforts.

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Why It Matters: The planned fund from Pantera comes at a time when other firms, such as VC firm Paradigm, are also seeking significant capital infusions, with reports of up to $850 million being targeted for a new cryptocurrency fund.

The momentum in the sector is underscored by recent investments and funding trends. For instance, venture capital firm Andreessen Horowitz recently raised $7.2 billion for technology-focused sectors, although its cryptocurrency-focused fund did not see an increase.

Meanwhile, Pantera has continued to invest heavily in specific platforms, such as the GameFi platform InfiniGods, where it led an $8 million Series A funding round.

According to RootData, the cryptocurrency industry has attracted over $3.5 billion across 604 funding rounds in 2024 alone, with projections suggesting this year's total could surpass the $9.3 billion raised in 2023.

These figures indicate a strong recovery and renewed interest in the sector, although they still fall short of the peak funding years of 2021 and 2022.

What’s Next: The launch of Pantera Fund V and the resurgence of funding in digital assets will likely be hot topics at the upcoming Benzinga’s Future of Digital Assets event on Nov. 19.

Industry experts and investors will be keen to discuss the implications of these developments and the potential for sustained growth and innovation in blockchain technologies.

This event will serve as a critical platform for stakeholders to explore how enhanced capital inflows are shaping the future landscape of the cryptocurrency and blockchain industries.

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