50T Launches $500M Blockchain/Web3 Infrastructure Fund, Targets Q4 2025 First Close as AUM Hits $2B

Dan Tapiero has consolidated his private equity funds into a newly established entity, 50T, alongside the launch of a $500 million growth equity fund focused on blockchain and Web3 infrastructure. The initiative marks a strategic shift toward mature-stage enterprises in the crypto space, with a target first close set for Q4 2025. The 10-year closed-end fund, named the 50T Fund, is part of a broader effort to streamline operations and amplify investment capacity, positioning 50T as a significant player in the crypto finance sector. The firm now oversees $2 billion in assets under management following the merger of 10T Holdings and 1RoundTable Partners.

The 50T Fund emphasizes growth equity investments in later-stage blockchain and Web3 infrastructure projects, accompanied by structured risk mitigation strategies such as downside protection and active governance. This approach aims to address the volatility inherent in the crypto market while capitalizing on foundational infrastructure development. The fund’s focus on decentralized networks, developer tools, and governance frameworks reflects a shift from speculative asset bets to long-term sectoral stability. Tapiero’s vision aligns with his projection of a $50 trillion digital asset ecosystem by 2035, up from the current $5 trillion valuation.

Tapiero’s rationale for the fund’s strategy is rooted in the maturation of blockchain technology and institutional adoption. By targeting infrastructure, the fund seeks to underpin broader industry innovation, mirroring trends in traditional venture capital where infrastructure support has historically driven sector growth. The consolidation of 10T Holdings and 1RoundTable Partners underscores confidence in crypto’s institutionalization, leveraging Tapiero’s track record in digital asset investing. The $500 million fund is designed to reinforce 50T’s credibility in a competitive fundraising environment, with a 10-year horizon allowing investors to navigate the crypto market’s cyclical nature.

Analysts highlight the timing of the fund’s first close in Q4 2025, which aligns with anticipated regulatory clarity in major markets. This could reduce uncertainties for investors and enhance the fund’s appeal. The active governance model embedded in the 50T Fund also addresses a key challenge in the crypto sector—ensuring accountability and compliance in infrastructure projects. By prioritizing structured risk management, the fund aims to balance innovation with prudence, a critical factor in sustaining long-term growth.

The launch of the 50T Fund reflects a broader trend of traditional finance’s integration with crypto. As institutional capital flows into blockchain infrastructure, the sector’s legitimacy strengthens, attracting both retail and sophisticated investors. Tapiero’s ambitious vision of a $50 trillion crypto economy hinges on the sector’s ability to adapt and scale, a trajectory that the 50T Fund aims to support through strategic infrastructure investments. The success of the initiative will depend on identifying projects that contribute to this long-term evolution while maintaining a balance between innovation and risk mitigation.

In summary, 50T’s formation and the $500 million fund represent a strategic consolidation of resources to advance the crypto economy. By merging entities, adopting a governance-focused approach, and prioritizing infrastructure, the firm positions itself to navigate the sector’s complexities while contributing to its maturation. As the crypto market continues to evolve, such initiatives could play a pivotal role in shaping its next phase of growth, aligning with Tapiero’s vision of a $50 trillion digital asset ecosystem by the end of the decade.