Key Takeaways
- • 13o3, an international investment firm managing over $1.2 billion, has announced the launch of Crypto Fund I, a fund targeting cryptocurrency and blockchain assets.
- • The fund's stated allocation spans BTC/ETH, liquid protocol tokens, venture and private Web3 equity, RWA/tokenization rails, market-neutral strategies, and stablecoins, with a portion held in fiat dry powder.
- • 13o3 says it has begun discussions with BlackRock, JP Morgan, Kleiner Perkins, and Golden Gate Ventures, all of which previously financed its funds, to finance Crypto Fund I.
- • The announcement does not disclose a target fund size, minimum commitment, or fund terms.
Summary
13o3, which describes itself as a boutique investment firm serving primarily high-profile individuals, has announced the launch of Crypto Fund I, a new vehicle designed to invest in cryptocurrency assets and blockchain technologies. According to the firm's announcement, the fund is intended to expand its portfolio and diversify its asset base within the crypto sector. The firm manages over $1.2 billion across energy, technology, mining, infrastructure, and financial technology markets, and cites prior launches including Global Clean Energy, Tactical Opportunities Fund, World Technology Fund, World Mining Fund, World Gold Fund, and Global Infrastructure.
The company says it has already begun active discussions with strategic investors, naming BlackRock, JP Morgan, Kleiner Perkins, and Golden Gate Ventures, and states that all of them have previously financed 13o3's past funds. The announcement does not specify committed capital, a target size, or whether any of these discussions have resulted in commitments.
According to the release, Crypto Fund I will invest across several areas: BTC and ETH as core holdings, liquid protocol tokens used in DeFi, venture and private Web3 equity including startups and decentralized application developers, and RWA/tokenization infrastructure. The fund will also consider market-neutral strategies and hold stablecoins for liquidity and downside protection, along with fiat dry powder to respond to opportunities. The firm characterizes the resulting portfolio as balancing higher-risk and more stable assets.
The company says it has already begun active discussions with strategic investors, naming BlackRock, JP Morgan, Kleiner Perkins, and Golden Gate Ventures, and states that all of them have previously financed 13o3's past funds. The announcement does not specify committed capital, a target size, or whether any of these discussions have resulted in commitments.
According to the release, Crypto Fund I will invest across several areas: BTC and ETH as core holdings, liquid protocol tokens used in DeFi, venture and private Web3 equity including startups and decentralized application developers, and RWA/tokenization infrastructure. The fund will also consider market-neutral strategies and hold stablecoins for liquidity and downside protection, along with fiat dry powder to respond to opportunities. The firm characterizes the resulting portfolio as balancing higher-risk and more stable assets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.