Properly-known digital asset investor Dan Tapiero is merging personal fairness corporations 10T Holdings and 1RoundTable Companions beneath a brand new model 50T, reflecting his forecast that the digital asset ecosystem will attain a market worth of $50 trillion within the subsequent decade.
“50T is a pure evolution from our unique thesis in 2020 after we launched 10T with the idea that the digital asset ecosystem would develop from $300 billion to $10 trillion in 10 years,” Tapiero stated in a Tuesday press launch.
“As we speak, we estimate that we’re already at $5 trillion, far exceeding our preliminary timeline, which is why we’re adjusting our outlook upward,” he stated. “Latest successes just like the Circle IPO and Deribit acquisition show the maturity of this sector and validate our funding thesis that every one worth will finally transfer on-chain.”
USDC stablecoin issuer Circle surged practically 10-fold from its preliminary value following its the inventory market debut final month, whereas crypto trade Coinbase acquired Deribit for $2.9 billion in Might.
Funds beneath 50T had been buyers in Circle, Deribit, and digital buying and selling platform Etoro, which additionally went public just lately, and different portfolio corporations are additionally gearing in direction of going public, the press launch stated.
50T can be launching a $500 million development fairness fund dubbed 50T Fund alongside the rebrand.
It is a closed-end fund with a ten-year horizon, designed to again later-stage corporations constructing out core infrastructure in blockchain and web3, with a primary shut deliberate in This autumn 2025.