Pantera Capital to Raise $125M

Closing funding round with $175M target amount is scheduled for March
22 February 2019   503

The company Pantera Capital has attracted $ 125 million investment for the opening of a venture fund focused on the blockchain and cryptocurrency, CoinDesk reported.

Closing funding round is scheduled for March. The target amount of the project is $ 175 million and, therefore, the company has already managed to collect most of the funds.

According to representatives of Pantera Capital, the company held negotiations with a multitude of investors, including institutionalists, endowments and pension funds.

The new fund plans to support from 30 to 50 companies. The previously created two Pantera Capital funds have so far invested a total of 44 projects.

Among the priority investment areas of Pantera Capital are custodial solutions, stock exchanges, asset management, institutional tools and infrastructure.

Pantera Capital takes part in the capital of the Bakkt cryptocurrency platform, service for institutional investors Staked, startups Synthetic Minds and Blockfolio.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   81

The average amount of investments in cryptocurrency from South Korean invesetprsĀ is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jumpĀ and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.