Tether co-founder plans to raise $1 billion for Crypto Assets reserve fund

According to ChainCatcher news and reported by FinanceFeeds, Tether co-founder Reeve Collins is collaborating with former Blackstone Group executive and CC Capital founder Chinh Chu to raise $1 billion through the special purpose acquisition company (SPA) M3-Brigade Acquisition V Corp to launch a publicly traded Crypto Assets reserve fund. The fund will focus on a diversified portfolio of leading Crypto Assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), aiming to outperform speculative trading and achieve stable, long-term exposure to digital assets. By adopting a SPAC structure, the plan aims to accelerate its market entry and provide transparent access to the fund through the public market.