PANews, July 23 - According to The Block, two crypto growth equity funds founded by veteran macro investor Dan Tapiero, 10T Holdings (10T) and 1RoundTable Partners (1RT), have completed a brand merger to establish a new brand, 50T, and launched a new $500 million fund. The newly established 50T Fund V is a closed-end fund with a 10-year term, focusing on growth equity investments in the blockchain, cryptocurrency, and Web3 infrastructure sectors, with its first fundraising round planned to be completed in the fourth quarter of this year. Under the merged brand, 50T currently manages $2 billion in assets and retains board seats in its portfolio companies. The company stated that its 'carefully managed' centralized management strategy emphasizes structured downside protection and proactive governance.