Former BlackRock executives collaborate with Tether co-founder to raise $1 billion to create a listed encryption asset reserve company.

According to Jincai Finance and Bloomberg, former Blackstone Group executives are collaborating with Tether co-founder to raise $1 billion through the SPAC company M3-Brigade Acquisition V Corp., with plans to create a publicly listed digital asset reserve company. The platform intends to hold a diversified digital asset portfolio including Bitcoin, Ethereum, and Solana. Sources indicate that fundraising efforts are still ongoing, and relevant details have yet to be finalized.