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Pantera Capital’s Assets Were Recently Held with Closed Bank

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It is reported that according to a regulatory document last month, Pantera Capital, a venture capital and investment giant focusing on cryptocurrency, recently…

Pantera Capitals Assets Were Recently Held with Closed Bank

It is reported that according to a regulatory document last month, Pantera Capital, a venture capital and investment giant focusing on cryptocurrency, recently had assets with the closed Silicon Valley Bank (SVB). In the ADV form on February 3, Pantera listed SVB as one of the three custodians of its private funds, and the other two were the custody services of BitGo and Coinbase. After the resignation of Joey Krug, the co-chief investment officer, Pantera reorganized the senior management last month. The company disclosed in January this year that its liquidity token fund lost 80% in 2022.

Pantera, a crypto venture capital company, uses Silicon Valley Bank as its custodian

Analysis based on this information:


Pantera Capital, the venture capital and investment giant focusing on cryptocurrency, recently listed Silicon Valley Bank (SVB) as one of its three custodians for private funds in a regulatory document. The other two custodians were the custody services of BitGo and Coinbase. However, according to reports, SVB closed down, and it is unclear how it has affected Pantera’s assets.

The development comes after Pantera Capital reorganized its senior management last month, following the resignation of co-chief investment officer Joey Krug. Also, the company disclosed that its liquidity token fund had lost 80% in 2022, indicating that Pantera may have been under significant financial pressure.

The recent news about Pantera’s assets with SVB, a bank that has gone out of business, raises questions about the security and custody of its clients’ funds. Custodians are responsible for safeguarding clients’ digital assets, and the loss of an important custodian like SVB is concerning.

Moreover, the news raises concerns about the fate of Pantera’s assets held with SVB, and how it will affect the company’s performance and clients. If SVB did not maintain proper security and custody, it may result in the loss or theft of clients’ assets, which would severely affect Pantera’s reputation.

The news about the closure of SVB and Pantera’s assets with the bank highlights the risks of investing in cryptocurrency, which is subject to market volatility, hacking, theft, and safety breaches. For cryptocurrency investors, it is essential to choose reliable and trustworthy custodians that can safeguard their assets.

In conclusion, Pantera Capital’s assets with SVB, a closed bank, is a significant development that raises questions about the safety and custody of clients’ funds, and the potential impact on the company’s reputation and performance. Cryptocurrency investors must be mindful of these risks and choose custodians carefully to protect their assets.

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