•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

Blockchain technology and digital currency-focused investment firm Pantera Capital is planning to launch a $100m hedge fund that is focused in tokens that supports blockchain protocols.

According to Coin Desk, the new fund called Pantera ICO Fund LP has already attracted nearly $35m from Pantera's current investors, venture capital firms and new investors. The new hedge fund is seen to complement Pantera Bitcoin Partners, a joint investment fund launched in 2014 by Pantera, Fortress, Benchmark Capital and Ribbit Capital invest in cryptocurrency.

Pantera is looking at the new fund as an offshoot of firm's previous investments that are focused on traditional positions in startups that aims to incentivize distributed networks through the use of tokens.

Pantera has positions in Ripple and the Zcash Electric Coin Company, which use the XRP and ZEC tokens, respectively.

Early this month, Pantera CEO Dan Morehead said that the company, which calls itself the first U.S. bitcoin investment firm, is buying other digital coins.

Pantera Vice President Paul Veradittakit said the San Francisco-based firm is "opportunistically" adding blockchain-based coins t......................

To view our full article Click here