The well -known digital asset investor, Dan Tapiero, is merging 10T Holdings private capital firms and 1 continuous partners under a new 50T brand, which reflects its prognosis that the digital asset ecosystem will reach a market value of $ 50 billion in the next decade.
“50T is a natural evolution of our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $ 300 billion to $ 10 billion in 10 years,” Tapiero said in a press release on Tuesday.
“Today, we estimate that we are already at $ 5 billion, far exceeding our initial timeline, so we are adjusting our upward perspective,” he said. “Recent successes such as the Circle Opo and Delibit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move in the chain.”
The USDC Stablecoin’s emitters circle increased almost 10 times from its initial price after its debut in the stock market last month, while Crypto Exchange Coinbase acquired detribit for $ 2.9 billion in May.
Funds under 50t were investors in Circle, Deribit and the EToro Digital Trade Platform, which were also recently made public, and other portfolio companies are also preparing to go over, according to the press release.
50T is also launching a $ 500 million growth capital fund called Fund 50t together with the brand change.
It is a closed background with a ten -year horizon, designed to support companies in later stages that build a central infrastructure in Blockchain and Web3, with a first closing planned in the fourth quarter of 2025.
