Macro investor Dan Tapiero is reportedly introducing a new multimillion dollar fund, focusing on making investments in mid- to late-stage firms across the crypto asset ecosystem.

Specifically, as revealed in a notice of Exempt Offering of Securities filing with the U.S. SEC on December 6th, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have issued a notice for the regulatory agency, regarding a $500 million growth equity fund dedicated to crypto and blockchain entities. 

The filing reportedly revealed that the fund has not yet sold any of the original investment.

The 10T DAE Fund 3.0 will reportedly secure the third spot in the list of introduced funds from the growth equity company, after a $200 million fund rolled out in February, and a $750 million fund in September. 

The portfolio of the company reportedly includes 14 crypto and blockchain companies in total, nominally Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury and Ledger.

By including the $500 million fund in the list, 10T Holdings’ assets under management (AUM) would have a likelihood of crossing the $1 billion benchmark – its website lists $770 million AUM at the time of publication.

Tapiero has reportedly had prior interactions with investments, but before the crypto boom, several of his ventures were focusing on gold. 

The 10T Holdings founder also offered assistance in co-founding Gold Bullion International in 2009, and has adopted an active stance in discussing the potential of the crypto ecosystem, including Bitcoin (BTC), as the adoption of digital assets accelerates.

BTC price value reportedly stands at $51,140 at the time of publication, having experienced an over 20% surge since plummeting to a monthly low to the $42,000s on Dec. 3.