# Pantera Capital

Pantera Capital is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2013
- **Assets under management:** $3.5 billion (per Pantera Capital, March 2026)
- **Website:** panteracapital.com
- **LinkedIn:** https://www.linkedin.com/company/pantera-capital
- **Wikidata:** Q106609260

## Regulatory record

- **CRD number:** 284342
- **SEC file number:** 801-113456
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284342

## About

Pantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. Subscribe to our industry research, weekly news digests, and special updates at http://panteracapital.com/subscribe For more information, visit www.panteracapital.com

## Sectors

- FinTech
- Enterprise Software
- AI/ML

## People

- Dan Morehead — Founder and Managing Partner
- Paul Veradittakit — Managing Partner
- Cosmo Jiang — General Partner
- Franklin Bi — General Partner

## Questions

### How is Pantera Capital structured across its investment strategies?

Pantera runs four distinct fund strategies: a liquid token hedge fund, an early-stage token fund that invests in private protocol tokens at a discount to the expected listing price, a blockchain venture equity fund, and a fourth private equity-style vehicle. Managing Partner Paul Veradittakit leads the venture and token investment team, while General Partner Cosmo Jiang oversees the liquid token strategies separately.

### Who runs investment decisions at Pantera Capital?

Founder Dan Morehead sets the overall investment direction as Managing Partner. Paul Veradittakit leads the venture and private token investment team. Cosmo Jiang serves as General Partner responsible for the liquid token funds. Franklin Bi focuses on early-stage venture and token investments and sits on several portfolio company boards including Bitso, Azra Games, and Pintu (per Pantera Capital).

### What geographic markets does Pantera Capital invest in?

The firm reports that 47% of its deployed capital sits outside the United States, with confirmed portfolio companies operating in Latin America (Bitso), Southeast Asia (Pintu), and global crypto infrastructure. Pantera invests across developed and emerging digital-asset markets rather than concentrating purely on U.S.-based startups.

### Is Pantera Capital’s original global macro hedge fund still active?

Dan Morehead founded Pantera Capital Management in 2003 as a global macro hedge fund that once managed over $1 billion. That vehicle is no longer active. The current firm, founded in 2013, focuses exclusively on blockchain and digital assets.

### How has Pantera Capital scaled its investor relations function as institutional interest in crypto has grown?

In 2025, Pantera hired Tom Rose as Senior Director of Capital Formation to build relationships with U.S. investors, adding to a team that includes Head of Investor Relations Kerry Wong and Senior Director Elsa Backdahl Nordenfalk, who focuses on global allocators. This multi-channel IR structure aims to serve both institutional and high-net-worth channels as crypto becomes a mainstream allocation.

## Related profiles

- [Pantegrion Capital](https://altss.com/profile/pantegrion-capital)
- [Panthera Capital Investments](https://altss.com/profile/panthera-capital-investments)

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Last updated: 2026-06-03T20:00:00.000Z

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