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Multicoin Capital Plans $100 Million Fund.......Targets Blockchain tokens and Cryptocurrency Trading

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A crypto centric  investment firm Multicoin Capital has appeared on the crypto market scene with $10 million committed to investment in a range of reputable blockchain tokens. 

The firm hoping to maximize the opportunities offered by the ever expanding cryptocurrency market will invest in blockchain tokens and cryptocurrency trading across digital exchanges.  

It plans to have as much as $100 million raised by the end of the first quarter of 2018. Multicoin, which revealed its initial commitments today, outlined seven different investment focuses to begin with, ranging from storing value to decentralized prediction markets.

In statements, the fund sought to differentiate itself from traditional fund efforts, stating that while it may resemble a hedge fund on the surface, Multicoin is relying on a technology-driven methodology for identifying token prospects.

Kyle Samani, managing partner, said "We invest in tokens, not companies, and tokens, unlike companies, require new tools to operate at scale. You can't just carbon-copy the VC model and apply it to tokens or leave $300+ million on some exchange less than a year old."

The company has been building its own security technology for the last year in order to make sure that investor funds won't be lost. Its security approach is based on three pillars: redundancy, cold storage and multi-signature. None of the private keys ever touch the internet, multiple private keys must sign a transaction to use Multicoin assets and there are copies of each private key stored in secure locations around the world.

"We like to say that the way we secure our keys is akin to the way the government secures the nuclear codes," Tushar Jain, managing partner, said of the fund's measures.

Among the firm's advisors is David Johnston, the co-founder of blockchain startup Factom. Accredited investors can participate with a minimum investment of $100,000, according to the firm. The fund charges a two percent management fee and 20 percent carried interest.


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