Dan Tapiero Launches $500M Fund Under New Firm 50T, Predicting $50T Crypto Economy

Dan Tapiero, a former Bloomberg finance expert, is merging his private equity firms under a new brand, 50T, to reflect his prediction that the digital asset ecosystem will reach $50 trillion in the next decade. Tapiero estimates the current value to be $5 trillion, exceeding his initial timeline. The new firm is launching a $500 million growth equity fund to back later-stage companies in blockchain and web3.

Dan Tapiero, a former Bloomberg finance expert, has merged his private equity firms under a new brand, 50T, reflecting his prediction that the digital asset ecosystem will reach $50 trillion in the next decade. Tapiero estimates the current value to be $5 trillion, exceeding his initial timeline. The new firm is launching a $500 million growth equity fund to back later-stage companies in blockchain and web3.

The rebranding comes alongside a revised market outlook from Tapiero, who now sees the digital asset ecosystem reaching $50 trillion in value over the next decade, up from his original $10 trillion projection in 2020 [1]. The new vehicle, called 50T Fund V, is a 10-year closed-end fund focused on growth equity investments in blockchain, crypto, and web3 infrastructure. The first close is planned for the fourth quarter of this year [2].

The rebrand and new fund follow a string of notable exits from the firm’s portfolio, including Deribit’s recent $2.9 billion acquisition by Coinbase and the public listings of Circle and eToro. Earlier this year, 1RT Acquisition Corp., a special purpose acquisition company (SPAC) affiliated with the firm, raised $172.5 million in an oversubscribed IPO on Nasdaq [3].

Under the combined brand, 50T currently manages $2 billion in assets and maintains board representation across its portfolio. The firm says its "picks and shovels" concentrated approach emphasizes structured downside protection and active governance.

With additional portfolio companies preparing for public listings, the firm says it is positioned to continue benefiting from what it sees as the next wave of growth in the digital asset ecosystem.

References:
[1] https://www.theblock.co/post/363885/dan-tapiero-sees-crypto-ecosystem-reaching-50-trillion-as-he-launches-new-500-million-fund-under-50t-rebrand
[2] https://en.coinotag.com/breakingnews/dan-tapieros-50t-fund-predicts-50-trillion-crypto-market-surge-with-500m-growth-equity-launch/
[3] https://www.coindesk.com/business/2025/07/22/dan-tapiero-projects-crypto-economy-hitting-usd50t-launches-usd500m-fund-under-new-firm