In a strategic evolution reflecting the shifting contours of the blockchain industry, veteran digital asset investor Dan Tapiero has consolidated his two private equity firms—10T Holdings and 1RoundTable Partners—into a single rebranded entity known as 50T. The move comes as Tapiero refines his long-term outlook for the digital asset landscape, suggesting that the sector’s market capitalization could surge to $50 trillion within the next decade, far exceeding previous projections made around 2020.
The formation of 50T marks more than a simple merger of portfolios; it signals a recalibration of investment focus toward blockchain infrastructure and scalable Web3 solutions capable of producing enduring value. Tapiero has indicated that the rebranding reflects the accelerated maturation of the blockchain space, which is now showing concrete signs of institutional adoption, operational depth, and long-term viability. Among these indicators, he highlighted recent developments such as Circle’s move toward a public listing and the acquisition of Deribit, viewing them as milestones pointing to deeper on-chain value creation.
A New Growth Fund Targets Market Leaders
To complement the rebranding, 50T has also introduced a $500 million growth equity fund aimed at established blockchain and Web3 companies with clear potential to exert long-term market influence. Structured as a closed-end vehicle with a ten-year investment horizon, the fund is designed to support businesses that have already demonstrated operational strength, scalability, and alignment with the evolving digital economy. Initial fundraising efforts for the fund are expected to be completed by the close of 2025.
Early positions within the fund include strategic stakes in Circle, Deribit, and eToro—companies considered by the firm to be central to blockchain’s transition from speculative interest to infrastructure-level adoption. These investments suggest that the firm’s strategy is oriented toward platforms that can drive the next wave of institutional and retail engagement across digital asset markets.
50T to Capitalize on Infrastructure-Led Growth
Tapiero’s prediction of a $50 trillion market valuation relies heavily on growing institutional participation and a clearer global regulatory framework. His investment thesis centers on identifying businesses that address persistent challenges such as scalability, security, and interoperability—three elements deemed critical for blockchain’s integration into mainstream financial and technological systems.
By merging the resources and capabilities of his previous firms under the 50T umbrella, Tapiero seeks to sharpen the firm’s ability to identify high-potential projects in a consolidating market environment. This structure is intended to offer both flexibility and focus in supporting ventures that are prepared to scale and sustain long-term growth amid increasing competition and investor scrutiny.
We're excited to announce that we are consolidating our brands under one unified vision. 10T and 1RT are now 50T—reflecting our prediction for the digital asset ecosystem to reach $50 trillion in total value over the next decade.
This isn't just a cosmetic change. It's the… pic.twitter.com/9KwralZaEK
— 1RT Fund (@1RTPartners) July 21, 2025
Maturing Market Spurs Capital Shift
The $500 million fund initiative also reflects a broader industry trend, wherein capital is being channeled into more mature blockchain firms rather than speculative startups. This pivot toward growth equity—focused on proven platforms with sustainable models—suggests a belief that blockchain infrastructure will underpin future innovations across finance, supply chains, and digital identity ecosystems.
Dan Tapiero sees crypto ecosystem reaching $50 trillion as he launches new $500 million fund under 50T rebrand | The Block https://t.co/sFnwQiS0Aq
— 50T Funds (@50TFunds) July 22, 2025
Analysts tracking this development point out that 50T’s emergence and the launch of its fund align with a growing recognition of enterprise-grade blockchain solutions and the solidification of decentralized finance (DeFi) as a structural element of the digital economy. Nonetheless, achieving the ambitious $50 trillion valuation remains dependent on several variables, including favorable macroeconomic conditions, global regulatory alignment, and continued improvement in public perception of digital assets.
Although Tapiero’s outlook may appear optimistic, it also underscores a fundamental shift in how blockchain is being evaluated—from a high-risk, high-reward asset class to a potentially indispensable layer of the future financial system. As infrastructure investment becomes a core focus, 50T aims to position itself at the forefront of this transformation.
