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.

AccessTimeIconMar 9, 2021 at 5:44 p.m. UTC
Updated Sep 14, 2021 at 12:23 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.