Dan Tapiero has launched a $200 million fund to invest in crypto companies.

Dan Tapiero, founder of DTAP and 10T Holdings Capital, has launched a $200 million fund to invest in cryptocurrency companies and blockchain startups. This is stated in a notice to the U.S. Securities and Exchange Commission.

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The co-founders were Tapiero’s partners at 10T Holdings, Michael Dubyle and Stan Miroshnik. According to the filed form, the fund has already deployed $124 million. Uncommitted capital totals $76 million.

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In November, Tapiero, in a podcast with Anthony Pompliano, said that together with his partners he is buying equity stakes from private investors in mid- to late-stage financing rounds.

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He cited potential investments in fintech company Figure Technologies, the Bitcoin exchange Kraken, and the Paxos stablecoins issuer.

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In 2020, the average size of venture deals in the crypto industry grew by 33% and reached $5.7 million.

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