1RoundTable Partners
1RoundTable Partners is a company.
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About
1RoundTable Partners is a company.
Financial History
Total Raised
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Valuation
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Leadership Team
Key people at 1RoundTable Partners.
1RoundTable Partners is a company.
1RoundTable Partners is a company.
Key people at 1RoundTable Partners.
Key people at 1RoundTable Partners.
1RoundTable Partners (1RT) was a growth equity firm specializing in mid-to-late-stage companies within the Digital Asset Ecosystem (DAE), targeting mature businesses with at least $40-50 million in annual revenue and strong sector relationships.[1][2] Its mission centered on providing structured downside protection and superior governance through active board participation, leveraging macro investing expertise to drive growth in blockchain, crypto, and Web3 "picks and shovels" infrastructure.[3][4] With $1.4 billion in assets under management and 24 active portfolio companies at its peak, 1RT played a key role in the startup ecosystem by funding established players like Kraken and eToro, bridging traditional institutional capital—such as from the Teacher Retirement System of Texas—with high-growth digital asset firms.[1][3][4] In July 2025, 1RT consolidated with 10T Holdings under the unified brand 50T, now managing $2 billion in AUM and projecting the DAE to reach $50 trillion in value over the next decade.[3][5]
Founded by macro investor Dan Tapiero, 1RT emerged as the next evolution of his earlier private equity firm, 10T Holdings, launched around 2020 with a thesis that the digital asset ecosystem would grow from $300 billion to $10 trillion in a decade.[2][3] Tapiero, with over 30 years of experience at elite hedge funds like Tiger Management, Duquesne Capital Management, SAC Capital Advisors, and Steinhardt Management, shifted from traditional macro strategies to digital assets, deploying three funds under 10T: Fund I ($125 million, late 2020/early 2021), Fund II ($265 million), and Fund III ($350 million), plus over $450 million in co-investments.[3][4] Early traction included investments in Kraken and eToro, validating the approach amid sector volatility; by 2025, this led to the rebrand as 50T, incorporating a $500 million growth equity fund and a $172.5 million SPAC IPO for digital asset targets.[3][4]
1RT/50T rides the on-chain value migration trend, betting that all economic value will eventually shift to blockchain amid accelerating DAE growth from $5 trillion (as of 2025) toward $50 trillion.[3] Timing aligns with maturing infrastructure—evidenced by Circle's IPO, Deribit's acquisition, and SPAC activity—countering earlier SEC scrutiny on platforms like Kraken.[3][4] Favorable market forces include institutional adoption, Web3 scalability advances, and traditional finance's crypto integration, enabling 1RT's low-volatility equity focus to derisk exposure for conservative investors.[1][3] The firm influences the ecosystem by injecting $2B+ into "picks and shovels" (e.g., exchanges, brokerages), fostering public market readiness and validating DAE as an asset class beyond speculation.[3][4]
50T (post-1RT consolidation) will likely expand via its $500M fund and Fund IV, targeting more DAE leaders for IPOs or acquisitions amid on-chain tokenization and AI-blockchain convergence.[3][4][5] Rising regulatory clarity, ETF approvals, and global adoption will shape its path, amplifying influence as a bridge for institutional capital into a $50T ecosystem.[3] This evolution from Tapiero's 2020 thesis underscores 1RT's foundational bet on digital assets' trillion-dollar ascent, positioning 50T to capture the next maturity wave.[2][3]
