Former Blackstone Executive and Tether Co-Founder Are Creating a $1 Billion Crypto Fund

According to ChainCatcher, a former Blackstone Group dealmaker and the co-founder of Tether are establishing a $1 billion publicly listed crypto fund aimed at building a diversified digital asset portfolio. The fund is raising capital through the SPAC M3-Brigade Acquisition V Corp., supported by both parties, and plans to allocate various crypto assets including Bitcoin, Ethereum, and Solana. Fundraising is still ongoing, and specific details may be adjusted.