“There’s a huge shift to equity,” Veradittikit said. The slide deck lists six areas the VC firm is exploring: custody, commercial exchanges, asset management, institutional tools, infrastructure and marketplaces. Recent investments from Pantera include Synthetic Minds, an automated code checker; Staked, a service for contributing to proof-of-stake protocols; and Origin, a peer-to-peer marketplace protocol. Pantera made an initial close on the fund last June, in order to make its investment in Bakkt, the regulated exchange currently being built by the owners of the New York Stock Exchange. The slides indicate that Pantera expects to finalize the fund in March. “It’s a great time to be investing,” Veradittikit said. “I think we have an opportunity here to be investing in companies with good valuations and great teams and that will be around a long time.”

https://www.coindesk.com/pantera-has-already-raised-125-million-for-its-third-crypto-fund