Alternative investment platform Yieldstreet has partnered with US-based hedge fund Pantera Capital to offer its first ever crypto fund.
The Pantera Early State Token Fund I was launched in July 2017 and had generated a lifetime return of more than 1,400 per cent by the end of December 2021.
Its primary strategy is to make direct investments in tokens which have not yet completed an Initial Coin Offering (ICO). Some of the pre-ICO investments that the fund has made include polkadot, amp, and aurora.
“Crypto investments have created huge wealth in recent years but the ecosystem remains opaque, difficult to build expertise and invest in,” said Michael Weisz, founder and president of Yieldstreet.
“We believe that more than 75 per cent of investors want access to unique crypto investment strategies managed by premier crypto-specialists.
“We intend to be the bridge from Wall Street to the crypto-verse.”
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This is the first time that Yieldstreet has partnered with a crypto fund, but the platform said that it plans to launch additional offerings with exposure to the Pantera fund approximately every quarter.
“Yieldstreet offers its investors a platform to help generate returns outside of the stock market,” said Dan Morehead, chief executive of Pantera.
“We’re excited to partner with them to allow for greater access to crypto-focused investments and beyond what most investors currently have access to.”
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