BlockTower launches $150 million fund backed by BPI France and Mass Mutual

10/13 15:43

Crypto-native asset management firm BlockTower is launching a dedicated venture arm as well as a new $150 million fund. BlockTower general partner Thomas Klocanas — who previously managed a $50 million digital asset fund at White Star Capital — is in charge of the new venture side of the firm. The fund has been operating in the shadows since December of last year. The firm locked in most of the capital within the space of two to three weeks, Klocanas said. Recent BlockTower investments in startups such as Aptos, Lighthouse Labs and Maple Finance all fall within this new fund. The rate at which capital is being deployed is very methodical, Klocanas added.
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