$1B Crypto Fund Incoming—Tether Co-Founder & Blackstone Vet Go All In

Tether co-founder Reeve Collins and former Blackstone executive Chinh Chu are launching a $1 billion cryptocurrency fund, according...

Written by: Arslan Butt • Thursday, June 26, 2025 • 2 min read

• Last updated: Thursday, June 26, 2025

Quick overview

Reeve Collins and Chinh Chu are launching a $1 billion cryptocurrency fund through M3-Brigade Acquisition V Corp, aiming for a publicly listed crypto treasury.
The fund will diversify its holdings across multiple digital assets, including Bitcoin, Ethereum, and Solana, reflecting a shift in institutional crypto strategy.
Cantor Fitzgerald LP is advising on the deal, which is currently in the fundraising phase and may evolve as details are finalized.
This initiative aligns with rising institutional demand for diversified crypto exposure and comes at a time of increasing regulatory clarity in the digital asset space.

Tether co-founder Reeve Collins and former Blackstone executive Chinh Chu are launching a $1 billion cryptocurrency fund, according to Bloomberg sources. The fund will be through M3-Brigade Acquisition V Corp, a special-purpose acquisition company (SPAC) co-sponsored by both.

The goal is to create a publicly listed crypto treasury that holds a mix of digital assets including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). This is a big shift in institutional crypto strategy, going multi-asset over single token exposure.

Cantor Fitzgerald LP is advising on the deal which is still in fundraising mode. The $1 billion is a target, details are fluid and subject to change.

Institutional Crypto Demand is Rising

The plan by Collins and Chu follows a broader trend of institutional interest in digital asset treasuries. The fund structure is similar to recent trends where firms are looking for diversified crypto exposure through regulated financial vehicles.

M3-Brigade Acquisition V Corp issued a press release earlier this year stating they would be targeting businesses in digital assets. Collins and Chu acquired sponsor interests in May and this is the foundation for this new fund.

Key fund features may include:

Portfolio exposure to BTC, ETH, SOL
Public listing through the SPAC route
Advisory from Cantor Fitzgerald
Institutional focused strategy over retail

Other funds—like the $100 million Binance Coin (BNB) treasury announced last week—focus on a single asset, this one will be a broader hedge across the leading Layer 1 blockchains.

Background of Key Players and Timing

Reeve Collins was the founding CEO of Tether from 2013 to 2015 and helped establish what is now the largest stablecoin issuer. Chu was Blackstone’s longest tenured dealmaker and left in 2015 and has since sponsored multiple SPACs across industries.

Their combined fintech and finance experience makes this fund a big institutional play into the crypto space. The timing is with increasing regulatory clarity and growing acceptance of digital assets on Wall Street.

As the market waits for more details this SPAC led fund may be the start of a new phase of multi-token institutional adoption, going beyond Bitcoin focused strategies to a more diversified digital asset allocation model.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.