Digital asset investment manager Pantera Capital is reportedly seeking to raise more than $1 billion for a new fund that will provide investors exposure to a "full spectrum" of blockchain-based assets.

Set to launch in April 2025, Pantera Fund V aims to be the firm’s 'all-in-one' fund, a shift from its existing Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds, which have more specific investment focuses.

Qualified investors are required to make a minimum $1 million allocation to the fund. The first close is scheduled for April 1, 2025, with limited partners needing to contribute a minimum of $25 million, according to a report from Bloomberg.

The fund will include startup equity, early-stage tokens, and liquid tokens among its asset types, as listed on Pantera’s website. Pantera currently manages a total of $5.2 billion in assets across its four existing funds.

If successful, the $1 billion raise would be the largest in the cryptocurrency industry since May 2022 when venture capital firm Andreessen Horowitz raised a record-setting $4.5 billion.

Additionally, VC firm Paradigm is reportedly in talks to raise up to $850 million for a new cryptocurrency fund. These developments could indicate a resurgence of institutional capital into the sector following a market rebound in 2023.

Cointelegraph reached out to Pantera for comment but did not receive a response at the time of publication. Last week, Andreessen Horowitz announced it raised $7.2 billion for investments in technology-focused sectors, including GameFi and artificial intelligence, but its $4.5 billion cryptocurrency fund did not receive additional capital.

Meanwhile, Pantera has increased its investment in GameFi platform InfiniGods, exclusively participating in its $8 million Series A round on April 25, according to a statement from the firm.

2024 has seen over $3.5 billion raised in the cryptocurrency industry across 604 funding rounds so far. If this trend continues, this year's funding could surpass the $9.3 billion raised in 2023. However, venture capital funding remains below the highs of 2021 and 2022, which saw $31.2 billion and $29.3 billion raised, respectively.