Raptor Group Raises $200 Million for Blockchain Investment, Fueling DeFi Growth

Raptor Group has launched a new $200 million fund focused on blockchain technology. This investment initiative follows a previous $60 million fund established with backing from Abu Dhabi’s Mubadala. Led by Jim Pallotta, known for his expertise in finance alongside Paul Tudor Jones, the firm aims to drive innovation within this field. This new endeavor showcases rising institutional interest in DeFi, potentially boosting Ethereum and other blockchain assets. While the fund’s immediate impact on on-chain activity remains limited, its launch signifies a strong commitment from major players to the potential of decentralized finance.