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“This funding round marks a pivotal moment in our evolution as we embark on a strategic expansion into the APAC (Asia-Pacific) region as part of a comprehensive growth plan for Maple,” CEO Sidney Powell said in a statement. “The network is poised to further scale its technology and forge partnerships
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The report comes amid a series of bank collapses that happened over the past few days. Crypto asset manager BlockTower Capital may be the latest victim of the recent collapse of some major banks across the United States. According to a CoinDesk report, four private funds of BlockTower worth about $940
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According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole custodian. The BlockTower DeFi SPV I fund ($74.6 million in gross assets) also
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The founder of blockchain investment firm Blocktower Capital, Ari Paul, after weighing in on the bear season, has likened the situation to the tech crash that happened in the year 2000. Paul compared Bitcoin (BTC) to Amazon, one of the companies that survived the market crash back then. Paul's points
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Before this new venture fund, BlockTower had a portfolio of 40-plus projects, said Klocanas. The firm’s structure, however, meant those venture-capital deals were put in so-called side pockets, a type of account hedge funds use to separate riskier or illiquid assets. That meant the deals were on the smaller side
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BlockTower is one of several notable crypto investment firms that is a registered investment advisor (RIA), which gives the firm more flexibility particularly when it comes to liquid and illiquid token investments. Recent BlockTower investments have included layer 1 blockchain Aptos and institutional finance network Maple Finance. Source
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“The whole opportunity is, how do you bridge the crypto world and the ‘real’ world, or the traditional finance world? There’s $10 trillion in corporate bonds every year, there’s 50 million small-to-medium sized enterprises in India [alone] and there’s a $300 billion credit gap there,” he said. “Crypto lenders lending
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