Failed tech financial institution SVB held over $5B for outstanding crypto VCs: Report

In accordance to a report that started circulating on March 11 within the aftermath of the collapse of Silicon Valley Financial institution (SVB), outstanding blockchain enterprise capitalists (VCs) have over $6 billion value of property held by the now-defunct monetary entity. These embody $2.85 billion from Andreessen Horowitz (a16z), $1.72 billion from Paradigm and $560 million from Pantera Capital.

A16z at the moment holds energetic investments in initiatives akin to Alchemy, Sky Mavis and Yuga Labs, and was beforehand an investor in cryptocurrency change Coinbase (NASDAQ:). Paradigm has invested in initiatives akin to Compound, Cosmos and . In the meantime, Pantera Capital holds stakes in initiatives akin to 1inch, Ankr and Zcash.

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