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

On July 23rd, renowned digital asset investor Dan Tapiero is in the process of merging his private equity firm 10T Holdings with 1RoundTable Partners. The new brand will be renamed as 50T, which reflects his expectation that the digital asset ecosystem will achieve a market value of $50 trillion in the next decade. In a press release issued on Tuesday, Dan Tapiero stated, "50T is a natural progression of our initial 2020 concept. When we established 10T, our core belief was that the digital asset ecosystem would expand from $300 billion to $10 trillion within a decade. Now, we estimate that the market value of this sector has reached $50 trillion, far surpassing the originally expected timeline. Therefore, there is a need to revise our outlook. Recent achievements like 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. Other companies in its portfolio are 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 is intended to invest in mature-stage companies in the blockchain and Web3 core infrastructure sectors. The first fundraising is expected to be completed in the fourth quarter of 2025.