Pantera Capital Fortifying Venture Capital Fund with Cryptocurrency Exposure

Pantera Capital Management, an investment firm focused on ventures related to Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology and digital currencies, has begun aggressively adding Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to its venture capital fund. The efforts highlight a shifting strategy by the group to provide investors with new levels of exposure to blockchain currencies.

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The agenda comes at an explosive time for blockchain currencies, with bitcoin, Ethereum, and other digital currencies seeing tremendous gains in recent months. With rapidly increasing prices and consequent interest from investors, Pantera Capital has opted to embark on a new form of fundraising, strengthening its focus of venture capital funds.

Pantera Capital presently manages a fund that invests in bitcoin – Fortress Investment Group maintains a stake in the group. However, the $25 million venture capital fund is much more diverse and will feature digital coins other than bitcoin as well. In tandem with this, the group unveiled plans to buy tokens of 0x, a decentralized cryptocurrency exchange protocol, when it holds its initial coin offering, according to a Bloomberg report.

Pantera Capital is the latest group to dedicate specific funds to digital currencies, joining the ranks of San Francisco-based firms Blockchain Capital and Polychain Capital. This trend could continue to grow as token issuance has also swelled over the past two years, climbing to nearly $600 million in sales – just one year ago, this segment saw a figure of just $100 million. The largest driver of this has been bitcoin, which recently set record highs in valuation; several other blockchain currencies such as Ethereum are also operating at all-time highs.

Ultimately, bringing a larger number of institutional investors into the fold should also help fuel growth for the fund itself at Pantera Capital. For now, a steadfast increase in and appetite for blockchain currencies should kindle interest in the venture capital fund at Pantera Capital that has been opportunistically adding exposure via multiple digital currencies.