Investment Platform Yieldstreet Adds Crypto Access With Pantera Capital Partnership

The Pantera Early Stage Token Fund I is expected to raise $20 million, said Yieldstreet.

Feb 17, 2022 at 1:29 p.m. UTC
Updated Feb 17, 2022 at 8:12 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

Yieldstreet, an online platform offering investors access to alternative investments like real estate and art, has announced its first-ever crypto fund in partnership with noted venture capital firm Pantera Capital.

  • Investors would gain exclusive access via Yieldstreet to the Pantera Early Stage Token Fund I, which makes direct investments in pre-ICO tokens. Yieldstreet expects to raise approximately $20 million for the fund, a spokesperson told CoinDesk in an email.
  • Prior investments for the fund have included cross-chain interoperability platform Polkadot and Ethereum Virtual Machine Aurora.
  • New York-based Yieldstreet plans to launch additional offerings with exposure to the Pantera fund approximately every quarter to allow for repeat investments.
  • Founded in 2015, Yieldstreet said the platform has seen over $2.9 billion in investments from more than 360,000 investors.
  • Pantera was founded by Tiger Management alum Dan Morehead in 2003, and the firm had grown to $5.6 billion in assets under management by the end of last year. Its investment portfolio includes payments company Circle, crypto exchange Coinbase and Ripple, issuer of the XRP cryptocurrency.

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Brandy covers crypto-related venture capital deals for CoinDesk.

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Brandy covers crypto-related venture capital deals for CoinDesk.

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