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 with a shorter-term focus.
BlockTower Putting $150M Crypto Fund to Work as Valuations Return ‘Down to Earth’
