Ex-Blackstone & Tether Heavyweights Aim for $1B Mega-Fund to Revolutionize Crypto Treasury Management
Crypto's institutional players just upped the ante—again.
Wall Street meets Web3
A dream team of ex-Blackstone and Tether execs is assembling a war chest to build the Swiss Army knife of digital asset treasuries. The target? A cool billion dollars. Because in crypto, why settle for millions when you can shoot for twelve zeros?
Multitoken future or bust
The fund's architecture reportedly bypasses single-token dogma—a direct shot at Bitcoin maxis and Ethereum loyalists. Think diversified crypto exposure with institutional-grade risk controls (or at least, what passes for them in this space).
Bonus jab: Nothing says 'serious finance' like former traditional bankers chasing volatility with other people's money.