Dan Tapiero Projects Crypto Economy Hitting $50T, Launches $500M Fund Under New Firm

Well-known digital asset investor Dan Tapiero is merging non-public fairness corporations 10T Holdings and 1RoundTable Partners 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 natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years,” Tapiero mentioned in a Tuesday press launch.

“Today, we estimate that we're already at $5 trillion, far exceeding our initial timeline, which is why we're adjusting our outlook upward,” he mentioned. “Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move 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 May.

Funds beneath 50T have been traders in Circle, Deribit, and digital buying and selling platform Etoro, which additionally went public lately, and different portfolio corporations are additionally gearing in the direction of going public, the press launch mentioned.

50T can be launching a $500 million development fairness fund dubbed 50T Fund alongside the rebrand.

It's 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.