The venture firm Pantera Capital wants to raise $1 billion for a new crypto fund, a source with direct knowledge of the matter told The Block.

Pantera Fund V, as its called, would focus on startup equity, early-stage tokens and liquid tokens among others assets, the source said. Bloomberg was first to report the news.

Pantera had previously sought to raise $1.25 billion for a second blockchain fund in September 2022. The source added that the $1.25 billion fund and the $1 billion Pantera Fund V are separate.

Pantera's Liquid Token Fund brought 66% in gains over the first quarter of 2024, The Block reported earlier.

Pantera maintains $5.2 billion in assets under management across three fund strategies. Pantera is one of most active crypto investors, having invested more than 180 …