According to Bloomberg, Foresight News reports that Tether co-founder Reeve Collins and CC Capital (an investment company founded by former Blackstone Group private equity co-head Chinh Chu) are raising $1 billion through special purpose acquisition company M3-Brigade Acquisition V Corp. to establish a crypto asset reserve fund. The fund will allocate multiple digital assets including Bitcoin, ETH, and Solana, with former US Secretary of Commerce Wilbur Ross and Binance board member Gabriel Abed serving as vice chairs, and former Hut 8 Mining CEO Jaime Leverton serving as CEO. Additionally, the company plans to rename itself.
Tether Co-Creation will raise $1 billion through M3-Brigade and plans to establish a crypto asset reserve fund
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