Ceres, a marketing business firm based in Japan, has but get the latest investor in the San Francisco-based blockchain and cryptocurrency hedge fund Pantera Capital.

On Feb. 28, Ceres announced on its website that they were supplying Pantera an undisclosed amount of yen towards the group'southward 3rd crypto fund.

As the commencement Bitcoin fund in the United States, Pantera was quick to come across the potential in cryptocurrency and raised $thirteen million for its debut offering in 2022, and $25 one thousand thousand for its 2d. The group'southward tertiary venture fund, dubbed Pantera Venture Offshore Fund Three LP, was registered in Baronial 2022.

The 10-yr, $175-million fund is focused on investments in blockchain-related companies, ICO tokens, and related businesses. Pantera has previously invested in Ripple, Brave, Circle, and Bitstamp as well as ICO tokens similar 0x, Protocol, Kyber, and Polkadot.

Ceres active in the crypto infinite

This is not Ceres' showtime foray into the world of cryptocurrency. The marketing company has been actively investing in Xtheta, a licensed Japanese crypto substitution.

Ceres likewise runs a token service called Moppy, a rewards arrangement in which points can be exchanged for cash or digital currency. With over vii million users in Nippon, there is a strong similarity between aspects of Moppy and existing blockchain technology.

Pantera goes long

Pantera Capital letter Founder and CEO Dan Morehead has long predicted the value of Bitcoin will soar in the coming years. Near recently, he estimated the value of the cryptocurrency would rise to $356,000 past 2022.