Pantera Capital, a crypto hedge fund firm, is closing a fund that’s backed by $1.3 billion in capital next month.

In May 2013, the Pantera Blockchain Fund was launched. It plans to raise $600,000,000 to invest in tokens in their early stages, venture equity and Web3 companies, as well as tokens that have strong liquidity. Since then, it has exceeded that goal significantly with the announcement last month by the firm that they had raised $600,000,000 to invest in tokens and venture equity. Top $1 billion.