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Today, it was announced that the investment company Pantera Capital is launching a new hedge fund focused on investments exclusively in the tokens underlying public blockchain protocols and trading platform like primexbt, it is good trading exchange

The Pantera ICO Fund LP intends to raise $100 million, while $35 million has been already raised from the existing investor base, that is new investors whose names are not disclosed, and venture capital companies, whose names are not disclosed as well.

The new fund will complement Pantera Bitcoin Partners, a joint investment fund created by Pantera, Fortress, Benchmark Capital and Ribbit Capital in the beginning of 2014 to invest in the cryptocurrency area.

In an interview, Pantera’s leadership group stated that the fund was created as a logical continuation of past investment undertakings that included investments in start-ups, the development of which was stimulated through the sale of tokens. Pantera includes Bitcoin, Ethereum Ripple and Zcash Company, which use XRP and ZEC tokens, respectively.

Pantera CEO, Dan Morehead, and company co-founder, Augur Joey Krug, will act as the fund’s main staff.

The fund is currently open only for US institutions and individuals, although it intends to eventually open up for non-US investors.

As explained by Paul Veraditkat, venture investor of Pantera Capital, the creation of the fund is caused by the recent rapid growth of interest in tokens and protocols. According to CoinDesk, in 2017 ICO financing has already surpassed traditional banking operations with venture capital.

Pantera’s investment strategy will be more subtle than just working with large brands that might be interested in the concept.

According to Krug, the fund will mainly seek to finance new protocols, which, in their opinion, will offer something unique.

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In terms of long-term expectations, according to Krug, the ICO process, despite short-term fluctuations, will become an integral way of financing the development of a protocol that will continue being of interest to investors and entrepreneurs in the future.

“In the long term, we are now at the very beginning,” he said. We will invest to primexbt trading

Investors make funds at their own discretion and must assess the risks and prospects for the return of funds. The editors are not responsible for further success of the announced projects.