According to BlockBeats, on July 23, renowned digital asset investor Dan Tapiero is merging his private equity firm 10T Holdings with 1RoundTable Partners, and the new brand will be named 50T, reflecting his prediction that the digital asset ecosystem will reach a market value of $50 trillion in the next decade.
Dan Tapiero stated in a press release on Tuesday: "50T is the natural evolution of our initial idea from 2020 — when we established the core concept of 10T, we believed that the digital asset ecosystem would grow from $300 billion to $10 trillion within ten years. Today, we estimate that the market value of this sector has reached $50 trillion, far exceeding our original timeline, thus requiring an upward revision of our outlook. Recent successful cases such as Circle's IPO and the acquisition of Deribit have proven the maturity of this industry and validated our investment philosophy that 'all value will eventually be on-chain.'"
The 50T fund was an investor in Circle, Deribit, and the recently listed digital trading platform eToro, and other companies in its portfolio are also preparing for IPOs. Along with the brand upgrade, 50T will also launch a growth equity fund called '50T Fund' with a scale of $500 million. This closed-end fund has a term of ten years and aims to invest in mature enterprises in the core infrastructure sectors of blockchain and Web3, with the first fundraising expected to be completed in the fourth quarter of 2025.