TechFlow, July 23 — According to The Block, macro investor Dan Tapiero's 10T Holdings and 1RoundTable Partners have merged and rebranded into a new entity named "50T," launching a new $500 million growth equity fund. Tapiero has significantly raised his market forecast for the digital asset ecosystem, predicting its value will grow from the current $5 trillion to $50 trillion over the next decade, surpassing his earlier 2020 projection of $10 trillion.
The new fund, "50T Fund V," is a 10-year closed-end fund focused on blockchain, cryptocurrency, and Web3 infrastructure, aiming to complete its first close in the fourth quarter of this year. The firm previously achieved several successful investments, including Deribit's acquisition by Coinbase for $2.9 billion, as well as public listings of Circle and eToro.
The merged 50T currently manages $2 billion in assets and maintains board representation in its portfolio companies. It employs a centralized "tools and equipment" investment strategy emphasizing structured downside protection and active governance. Earlier this year, its affiliated SPAC, 1RT Acquisition Corp, raised $172.5 million through a Nasdaq IPO, focusing on investments in digital asset and technology-driven businesses.
