Pallotta’s family office, Mideast sovereign investor to back blockchain fund

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Feb 16, 2024
9 months ago

The Raptor Group, the family office of billionaire Jim Pallotta; and Mubadala Capital, a subsidiary of a sovereign investor based in Abu Dhabi, are among the backers of RW3 Ventures, an early-stage venture capital firm focused on blockchain.

RW3, launched in 2021, supports “early-stage companies building disruptive blockchain infrastructure and decentralized applications and protocols,” according to a release.

The firm is led by Pete Najarian, the former chief revenue officer of BitGo, and Joe Bruzzesi, BitGo's former managing director.

“Blockchain technology is fundamentally changing the way the world transacts and manages value, services and data," Najarian said. "While there are many talented founders in the industry with revolutionary ideas, most are in need of operational experience and support to drive their businesses forward."

Pallotta is similarly bullish on the technology, saying, “Blockchain companies have the potential to be among the most valuable enterprises in the future, and we believe the best investment opportunities will present themselves over the next 36 months.”

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.