Pantera Capital and Arrington XRP Capital lead $5.8M Unbound Finance raise
Unbound Capital aims to become the first decentralized cross-chain stablecoin. The private investment round had participation from at least 14 venture funds and over a dozen angel investors from across the blockchain industry. Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol for pooled tokens. The funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including the development of native bridges for instant transfers....
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“The Arrington Algorand Growth Fund represents yet another key strategic pillar in supporting the momentum of those building on top of what we think is the best technical platform for regulated DeFi and the future of finance,” said Sean Ford, COO of Algorand. Support for the Algorand ecosystem appears to be growing, with digital asset manager Arrington Capital earmarking $100 million for projects building on the smart-contract platform. The massive Arrington Algorand Growth Fund, or AAGF, has been designed to accelerate additional development across all facets of the smart contract....
Pantera Capital is seeking to raise $1.25 billion for a Solana treasury, adding to the wave of institutional momentum building behind the asset. Pantera Plans To Convert A Nasdaq-Listed Firm Into A Solana Treasury Vehicle As first reported by The Information, Pantera Capital is planning to raise funds to create a Solana treasury vehicle. Initially, […]
Persistence has closed a $3.7 million token round led by Arrington XRP Capital and including Alameda Research, Terra and others.
The monster raise might be an indication that Pantera’s ambitions are inflating in lock-step with Bitcoin’s rising price. In a filing with the SEC yesterday, Bitcoin hedge fund giant Pantera Capital announced an equity offering of up to $134 million — among the largest capital fundraising efforts in the seven year history of the firm. Formed in 2013 as the first-ever Bitcoin fund in the United States, Pantera initially raised a comparatively measly $13 million, and later $25 million, according to reporting from Cointelegraph. But in 2018, the fund directed its efforts towards a larger....
Investment firms Fortress Investment Group (FIG), Benchmark Capital and Ribbit Capital have teamed up with Pantera Capital to launch a bitcoin investment fund. The new fund will be known as Pantera Bitcoin Partners LLC and, as the name implies, it will be controlled by Pantera. Fortress, Ribbit Capital and Benchmark Capital will be minority equity partners. Fortress became the first Wall Street investment firm to enter the bitcoin space. Last year it was rumoured to be acquiring bitcoins and a regulatory filing published in February revealed it had set aside $20m for bitcoin investments in....