- Dan Tapiero is uniting private equity firms 10T Holdings and 1RoundTable Partners under the new brand 50T.
- The rebrand reflects a forecast that the digital asset market could reach $50 trillion over the next decade.
- 50T has invested in companies like Circle, Deribit, and EToro, which have recently seen public debuts or acquisitions.
- 50T is launching a $500 million growth equity fund targeting companies building blockchain and web3 infrastructure.
- The new fund, named 50T Fund, is a closed-end vehicle with a ten-year investment period and first closing scheduled for late 2025.
Dan Tapiero is merging his private equity firms, 10T Holdings and 1RoundTable Partners, into a new entity named 50T. This change aims to match his prediction that the digital asset sector will reach a $50 trillion market value in the next ten years.
In a press release on Tuesday, Tapiero said the move is a progression from the 2020 strategy of 10T Holdings, which was created on the belief that the sector would grow from $300 billion to $10 trillion over a decade. “Today, we estimate that we’re already at $5 trillion, far exceeding our initial timeline, which is why we’re adjusting our outlook upward,” Tapiero stated.
He pointed to the public debut of Circle, issuer of the USDC stablecoin, which saw its valuation rise by almost ten times after listing last month. Also noted was Coinbase‘s recent acquisition of the crypto exchange Deribit for $2.9 billion in May. “Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move on-chain,” Tapiero added.
According to the statement, 50T‘s managed funds have backed Circle, Deribit, and the digital trading platform Etoro, which also recently went public. Other companies in its portfolio are preparing to do the same.
As part of the transition, 50T will launch a $500 million growth equity fund called the 50T Fund. This new fund is set up as a closed-end investment vehicle, meaning investors must commit their money for a fixed period. The focus will be on supporting later-stage businesses building essential blockchain and web3 infrastructure, with the first close planned for the fourth quarter of 2025.
The rebrand and new fund underline Tapiero’s belief in rapid growth for the digital asset ecosystem and expanded support for related companies moving toward public markets.
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