Share this article
Crypto Asset Manager BlockTower Launches $150M Venture-Capital Fund
BlockTower has also created a new venture-capital arm.
By Brandy Betz
Updated May 9, 2023, 3:59 a.m. Published Oct 13, 2022, 4:36 p.m.
Crypto-focused asset-management firm BlockTower has launched a venture capital arm with a new $150 million fund to back decentralized-finance (DeFi) and blockchain-infrastructure projects. The fund has operated in stealth since December and counts BPI France and MassMutual among its financial backers.
The new venture-capital arm will be led by general partner Thomas Klocanas, a veteran of investment firm White Star Capital, who confirmed the fund details during a call with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BlockTower is one of several notable crypto investment firms that is a registered investment advisor (RIA), which gives the firm more flexibility particularly when it comes to liquid and illiquid token investments. Recent BlockTower investments have included layer 1 blockchain Aptos and institutional finance network Maple Finance.
The Block was the first to report on news of the launch.
UPDATE (Oct. 13, 21:33 UTC): Adds BlockTower confirmation and removes 'Report' from the headline.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The Central American country’s economy is projected to grow 4% this year, the IMF said.
What to know:
- The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions.
- El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook for 2026.
- Despite previous IMF recommendations, El Salvador continues to increase its bitcoin holdings, adding over 1,000 BTC during November's market downturn.
Top Stories
