Digital assets briefing — read our latest blockchain letter

Crypto-native investment management

Institutional capitalfor the digitalasset economy.

Pantera is an investment firm focused exclusively on blockchain and digital assets. We invest across venture equity, private tokens, liquid crypto assets and bitcoin.

A history of firsts

Building conviction before consensus.

Pantera launched the first U.S. institutional bitcoin fund when BTC traded at $65. Since then, one crypto-native team has built deep expertise across venture, protocols and public token markets.

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  1. 2013

    First U.S. institutional Bitcoin fund

  2. 2015

    First blockchain-focused venture fund

  3. 2017

    First institutional early-stage token fund

  4. 2021

    Dedicated multi-strategy blockchain platform

Digital asset investing at a glance

Conviction built over crypto cycles.

Estimated and unaudited figures as of March 31, 2026.

$3.5bnAssets under management
4Fund strategies
100+Venture investments
110+Early-stage tokens
75%Deals led
47%Capital outside the U.S.

Fund strategies

Four ways to access the crypto economy.

From private company equity to daily-liquid bitcoin, our platform is designed for different risk, liquidity and duration profiles.

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01

Strategy 01

Pantera Fund V

Liquidity
End of fund
Assets
Venture equity · private tokens

A multi-stage strategy for companies and protocols shaping the next generation of crypto markets.

Fund details
02

Strategy 02

Liquid Token Fund

Liquidity
Quarterly
Assets
Publicly traded tokens

Actively managed exposure to liquid digital assets, guided by fundamental and technical research.

Fund details
03

Strategy 03

Bitcoin Fund

Liquidity
Daily
Assets
Bitcoin

Straightforward, professionally managed access to bitcoin for qualified investors.

Fund details
04

Strategy 04

Venture Funds

Liquidity
End of fund
Assets
Blockchain company equity

Long-duration ownership in the teams building crypto infrastructure, financial rails and applications.

Fund details

Where we invest

Across the full crypto stack.

We look for durable networks and businesses at the infrastructure, financial and application layers of the onchain economy.

Explore the investment stack

Crypto research

A long-term view of an always-on market.

For qualified investors

Access the next era of digital assets.

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