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Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.
Crypto-focused venture capital and investment giant Pantera Capital recently had assets with now-shuttered Silicon Valley Bank (SVB), according to a regulatory filing last month.
In a Form ADV dated Feb. 3, Pantera listed SVB as one of three custodians for its private funds alongside BitGo and the custodial service of crypto exchange Coinbase. The filing is a requirement for registered investment advisers.
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CoinDesk reached out to Pantera for comment but had not received a response by publication time.
Pantera restructured its upper management last month after the departure of co-chief investment officer Joey Krug. The firm revealed in January that its liquid token fund lost 80% during 2022.
Read more: How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
Brandy Betz
Brandy covered crypto-related venture capital deals for CoinDesk. She previously served as the Technology News Editor at Seeking Alpha and covered healthcare stocks for The Motley Fool. She doesn't currently own any substantial amount of crypto.
