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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.
Crypto asset investment firm BlockTower Capital has raised a $25 million fund for decentralized finance (DeFi) projects.
STORY CONTINUES BELOW
- 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.
See also: DeFi Index Fund Is Bitwise’s Fastest Grower, With $32.5M in 2 Weeks: Hougan
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
