BlockTower Capital Launches $25M Fund to Invest in DeFi Projects

The fund will facilitate investment in a wider range of longer term, more illiquid assets, Axios reported March 4.

Mar 9, 2021 at 5:44 p.m. UTC

Updated Sep 14, 2021 at 12:23 p.m. UTC

Ari Paul, CIO and managing partner at BlockTower Capital

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.
Hoover Institution senior fellow Ferguson spoke with Michael Casey about decentralization of the financial world on a CoinDesk podcast in March 2020 and also wrote about bitcoin for Bloomberg in November.

Read more about

BlockTower Capital DeFi

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.