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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