Renowned digital asset investor Dan Tapiero is consolidating private equity entities 10T Holdings and 1RoundTable Partners into a new brand called 50T, signifying his prediction that the digital asset market will achieve a $50 trillion valuation within the next ten years.
“50T is a seamless progression from our initial 2020 strategy when we established 10T, anticipating the digital asset arena would expand from $300 billion to $10 trillion over a decade,” Tapiero stated in a press release on Tuesday.
“Currently, we estimate the market has already reached $5 trillion, surpassing our original expectations, prompting us to revise our projections upwards,” he added. “The recent successes of Circle’s IPO and Deribit’s acquisition exemplify the sector’s maturation and support our investment belief that all value will eventually transition on-chain.”
Circle, the issuer of the USDC stablecoin, saw its value increase nearly tenfold after debuting on the stock exchange last month, while the cryptocurrency exchange Coinbase acquired Deribit for $2.9 billion in May.
The 50T funds were among the investors in Circle, Deribit, and the digital trading platform Etoro, which also recently went public, with other companies in their portfolio preparing for public offerings, according to the press release.
Alongside the rebranding, 50T is introducing a $500 million growth equity fund, named the 50T Fund.
This closed-end fund, with a ten-year timeframe, aims to support later-stage companies developing essential blockchain and web3 infrastructure, with an initial closing expected in the fourth quarter of 2025.
