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Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.
By Brandy Betz
Updated May 9, 2023, 4:10 a.m. Published Mar 10, 2023, 10:59 p.m.
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Crypto-focused venture capital and investment giant Pantera Capital recently had assets with now-shuttered Silicon Valley Bank (SVB), according to a regulatory filing last month.
In a Form ADV dated Feb. 3, Pantera listed SVB as one of three custodians for its private funds alongside BitGo and the custodial service of crypto exchange Coinbase. The filing is a requirement for registered investment advisers.
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CoinDesk reached out to Pantera for comment but had not received a response by publication time.
Pantera restructured its upper management last month after the departure of co-chief investment officer Joey Krug. The firm revealed in January that its liquid token fund lost 80% during 2022.
Read more: How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
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