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.
Updated Sep 14, 2021 at 12:23 p.m. UTC
![Ari Paul, CIO and managing partner at BlockTower Capital](https://www.coindesk.com/resizer/wG3SFAuCRbeKXQRcoWixm-52oBM=/567x360/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GEMVBZDX3FBY5NDQRD27IWHE6A.png)
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.