Crypto asset investment firm BlockTower Capital has raised a $25 million fund for decentralized finance (DeFi) projects.
- The fund will facilitate investment in a wider range of longer-term, more illiquid assets, Axios reported March 4.
- Investors include veteran American venture capitalist Howard Morgan, British historian Niall Ferguson and Milwaukee Bucks co-owner Marc Lasry.
- Lasry has also taken a stake in BlockTower Capital's main investment fund, Bloomberg reported March 2.
- Morgan has previously invested in BlockTower, as reported by the Financial Times in November 2020.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.