10T Holdings (10T) and 1RoundTable Partners (1RT), leading growth equity funds investing in the Digital Asset Ecosystem (DAE), today announced their consolidation under a new unified brand: 50T. The rebrand reflects the organization's projection that the global digital asset ecosystem will reach $50 trillion in total value over the next decade. 50T also today announced the launch of the offering of a new $500 million fund, 50T Fund, a 10-year closed-end fund focused on growth equity investments, with a first close planned for Q4 2025.

This consolidation comes on the heels of an exceptionally successful period for the firm and its funds' portfolio companies. Deribit's recent acquisition by Coinbase was the largest M&A deal in crypto industry history and the initial public offerings of Circle and eToro were both received as highly successful, with Circle stock soaring 168% on its NYSE debut and eToro launching with an over 10x oversubscribed offering on Nasdaq. Additionally, 1RT Acquisition Corp., a SPAC focused on digital assets and technology-enabled businesses, particularly those in the cryptocurrency, blockchain, and fintech sectors, successfully completed a $172.5 million oversubscribed IPO on Nasdaq. With additional portfolio companies currently engaged in preparation for public debuts, the firm is well-positioned to continue capitalizing on the growth of the digital asset ecosystem.

"50T is a natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years," commented 50T Founder, CEO & CIO, Dan Tapiero. "Today, we estimate that we're already at $5 trillion, far exceeding our initial timeline, which is why we're adjusting our outlook upward. Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move on-chain."