Dan Tapiero's company will launch a new $500 million cryptocurrency fund and merge to establish a new brand, 50T

ChainCatcher news reports that, according to market sources, well-known digital asset investor Dan Tapiero is merging his private equity firm 10T Holdings with 1RoundTable Partners, with the new brand named 50T. This reflects his prediction that the digital asset ecosystem will reach a market value of $50 trillion in the next decade.

In a press release on Tuesday, Dan Tapiero stated, "50T is a natural evolution of our initial concept from early 2020—when we founded 10T, the core idea was that the digital asset ecosystem would grow from $300 billion to $1 trillion within ten years. Now we estimate that the market value of this sector has reached $50 trillion, far exceeding our original timeline, so we need to adjust our outlook. Recent successful cases like Circle's IPO and the acquisition of Deribit have proven the maturity of this industry and validated our investment philosophy that 'all value will eventually be on-chain.'"

The funds under 50T were investors in Circle, Deribit, and the recently listed digital trading platform eToro, and other companies in their portfolio are also preparing for IPOs. Along with the brand upgrade, 50T will also launch a growth equity fund called "50T Fund" with a scale of $500 million. This closed-end fund has a ten-year term and aims to invest in mature companies in the core infrastructure areas of blockchain and Web3, with the first fundraising expected to be completed in the fourth quarter of 2025.