Dan Tapiero's company will merge to create a new brand, 50T, and launch a $500 million new crypto fund.

BlockBeats News, July 23rd, prominent digital asset investor Dan Tapiero is merging his private equity firm 10T Holdings with 1RoundTable Partners, renaming the new brand as 50T, reflecting his anticipation that the digital asset ecosystem will reach a $50 trillion market value in the next decade.

In a press release issued on Tuesday, Dan Tapiero stated, "50T is a natural evolution of our initial 2020 idea—when we founded 10T, our core belief was that the digital asset ecosystem would grow from $300 billion to $10 trillion within a decade. Today, we estimate the market value of this sector has reached $50 trillion, far exceeding the initial expected timeline, hence the need to revise our outlook. Recent successes such as Circle's IPO and Deribit's acquisition have demonstrated the maturity of this industry and validated our investment philosophy that 'all value will ultimately be on-chain.'"

50T's flagship funds were previously investors in Circle, Deribit, and the recently listed digital trading platform eToro, with other companies in its portfolio also preparing for IPOs. With the rebranding, 50T will also launch the $500 million growth equity fund, "50T Fund." This closed-end fund has a term of ten years and aims to invest in mature-stage companies in the blockchain and Web3 core infrastructure sectors, with the first fundraising expected to be completed in Q4 2025.