Form D · Hedge Fund

Pantera Liquid Token Fund LP

San Francisco, CA · CIK 0001709454

Offering snapshot reported Oct 31, 2025 · SEC filing

Reported sold
$498M
Indefinite offering
Investors reported
1,012
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 10, 2017
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$249M$498MNov 9, 2017Nov 9, 2018: $30,663,074.00Nov 8, 2019: $78,734,217.00Nov 6, 2020: $87,383,426.00Nov 5, 2021: $253,799,866.00Nov 4, 2022: $475,598,231.00Nov 3, 2023: $482,724,035.00Nov 1, 2024: $493,150,910.00Oct 31, 2025: $498,380,897.00Oct 31, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$482,724,035 → $498,380,897
  • Reported investors991 → 1,012

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 31, 2025Amendment$498,380,897$15,656,862vs Nov 3, 20231,012SEC filing
Nov 1, 2024Amendment$493,150,910$10,426,875vs Nov 3, 20231,006SEC filing
Nov 3, 2023Amendment$482,724,035$7,125,804vs Nov 4, 2022991SEC filing
Nov 4, 2022Amendment$475,598,231$221,798,365vs Nov 5, 2021980SEC filing
Nov 5, 2021Amendment$253,799,866$166,416,440vs Nov 6, 2020737SEC filing
Nov 6, 2020Amendment$87,383,426$56,720,352vs Nov 9, 2018312SEC filing
Nov 8, 2019Amendment$78,734,217$48,071,143vs Nov 9, 2018280SEC filing
Nov 9, 2018Amendment$30,663,074No comparison266SEC filing
Nov 9, 2017InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-298440

Source: Form D, filed Oct 31, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PANTERA LIQUID TOKEN FUND LP

Investment adviser: PANTERA CAPITAL PARTNERS LP

Gross asset value
$91.8M
Beneficial owners
592
ADV minimum commitment
$100K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SECURITIZE FUND SERVICES, LLC MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor COHEN & COMPANY, LTD. CLEVELAND, Ohio, United States
Custodian ANCHORAGE DIGITAL BANK N.A. SIOUX FALLS, South Dakota, United States Related to adviser: No
Custodian BAKKT TRUST COMPANY LLC NEW YORK, New York, United States Related to adviser: No
Custodian BITGO TRUST COMPANY INC. PALO ALTO, California, United States Related to adviser: No
Custodian COINBASE CUSTODY TRUST COMPANY LLC NEW YORK, New York, United States Related to adviser: No
Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No
Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Marketer TOUCHSTONE GROUP LLC NEW YORK, New York, United States Related to adviser: No
Prime broker BITGO PRIME, LLC PALO ALTO, California, United States
Prime broker COINBASE CUSTODY TRUST COMPANY LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

COHEN & COMPANY, LTD.
PCAOB 925

INTERACTIVE BROKERS LLC
SEC 8-47257

Filing source

Form ADV 2086904 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-3685350417

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Ryan Davis Executive
Matthew Gorham Executive
Daniel W. Morehead Executive
Katrina Paglia Executive
Pantera Advisors Llc Promoter
Pantera Capital Management Puerto Rico Lp Promoter
Pantera Capital Partners Lp Promoter
Pantera Digital Asset Gp Llc Executive
Pantera Liquid And Early Stage Token Gp Llc Executive
Marc Selfon Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
600 Montgomery Street Suite 4500
San Francisco, CA, 94111