On June 26, according to Bloomberg, a former trading facilitator from the private equity giant Blackstone Group and the co-founder of Tether are joining forces to build a listed crypto fund with a scale of $1 billion, aiming to construct a diversified digital asset portfolio.
According to informed sources, the fund will raise funds through the SPAC (Special Purpose Acquisition Company) M3-Brigade Acquisition V Corp. supported by both parties, with plans to allocate multiple crypto assets including Bitcoin, ETH, and Solana. Due to confidential negotiations, these sources requested anonymity.
Currently, fundraising is still in progress, and specific details, including the $1 billion target, may still be adjusted.
