A former Blackstone Inc. dealmaker and a co-founder of stablecoin giant Tether Holdings SA are teaming up to raise $1 billion for a listed crypto vehicle that aims to hoard a portfolio of digital assets.
The capital is being raised via M3-Brigade Acquisition V Corp., a special-purpose acquisition company backed by the pair. The vehicle would hold a diversified mix of tokens including Bitcoin, Ether and Solana, according to people familiar with the matter, who asked not to be identified as the discussions are confidential.
Wilbur Ross, the former US Commerce Secretary, and Gabriel Abed, chair of Binance ...
