Digital asset manager Pantera Capital is aiming to raise $1 billion for its new cryptocurrency fund, Pantera Fund V, according to sources cited by Bloomberg.
Pantera Fund V will become the company’s second “universal” structure, investing in startup equity, early-stage tokens, liquid tokens, and other assets.
The launch is scheduled for April.
The minimum participation threshold for qualified investors is set at $25 million per tranche.
According to Bloomberg, if successful, the fund will be the largest since 2022, a year marked by scandals and bankruptcies in the industry. Previously, journalists reported on Paradigm’s plans to raise up to $850 million.
Pantera Capital formed its previous $1.3 billion fund in 2022.
Back in March, ForkLog reported on the company’s plans to raise up to $250 million to purchase SOL from FTX.
In April, the crypto-friendly venture firm Andreessen Horowitz raised $7.2 billion in investments.