The venture firm Pantera Capital wants to raise $1 billion for a new crypto fund, a source with direct knowledge of the matter told The Block.
Pantera Fund V, as its called, would focus on startup equity, early-stage tokens and liquid tokens among others assets, the source said. Bloomberg was first to report the news.
Pantera had previously sought to raise $1.25 billion for a second blockchain fund in September 2022. The source added that the $1.25 billion fund and the $1 billion Pantera Fund V are separate.
Pantera's Liquid Token Fund brought 66% in gains over the first quarter of 2024, The Block reported earlier.
Pantera maintains $5.2 billion in assets under management across three fund strategies. Pantera is one of the most active crypto investors, having invested in more than 180 startups to date, according to data from The Block Pro’s Deals Dashboard.
Pantera did not immediately respond to The Block's request for comment.