Macro investor Dan Tapiero is launching another multimillion dollar fund intended to invest in mid- to late-phase companies in the digital asset ecosystem.

According to a Notice of Exempt Offer of Securities filing with the U.S. Securities and Exchange Commission on Monday, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory torso notice of a $500 meg growth equity fund for crypto and blockchain firms. The filing shows the fund has not even so sold any of the original investment.

The 10T DAE Fund 3.0 is the tertiary to come up from the growth equity firm, post-obit a $200 million fund launched in Feb and a $750 meg fund in September. The company lists 14 crypto and blockchain firms in its portfolio, including Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury and Ledger. With the add-on of the $500 million fund, 10T Holdings' avails under direction (AUM) would likely exceed $ane billion — its website lists $770 million AUM at the fourth dimension of publication.

Tapiero is no stranger to investments, only prior to the crypto boom, some of his concern was in aureate. The 10T Holdings founder besides helped co-found Aureate Bullion International in 2009 and has been actively speaking about the potential of the crypto ecosystem, including Bitcoin (BTC), every bit the adoption of digital avails accelerates.

Related: Why Dan Tapiero expects a massive Bitcoin shortage

According to data from Cointelegraph Markets Pro, the BTC price is $51,140 at the fourth dimension of publication, having risen more than than 20% since dipping to a monthly low to the $42,000s on Dec. 3. However, Cointelegraph reported there are indications that institutional investors are still looking to purchase crypto.