It’s no secret that investing in both blockchain platforms and cryptocurrencies can yield a significant profit in a short amount of time. Cryptocurrency investment has recently begun to hit the mainstream, which has caused many top-tier investment funds to take notice.
A new breed of investment fund has recently emerged from the increasing popularity of blockchain tech, aiming to capitalize on investor interest in the high returns offered by cryptocurrency investment. These cryptocurrency investment funds promise to use investor capital to create highly diversified and profitable managed funds.
Multicoin Capital is one of the most interesting new cryptocurrency investment funds, and has recently launched with a $10 million commitment to invest in a range of different blockchain and cryptocurrency tokens.
In this article, we’ll take a look at Multicoin Capital and find out what they’re planning to achieve to help you determine whether the platform is worth considering as an investment opportunity.
What Is Multicoin Capital?
Multicoin Capital is a new cryptocurrency investment firm that is aiming to gather as much as $100 million by the end of the first quarter of 2018. The Multicoin Capital platform is the brainchild of Kyle Samani and Tushar Jain, both of whom possess extensive experience in blockchain investment.
Samani, as an experienced veteran entrepreneur, is the founder of Pristine, a medical software platform for Google Glass that is currently used by surgeons. As the CEO of Pristine, Samani successfully generated more than $5 million in venture capital to fund the development of the platform.
Tushar is a serial tech entrepreneur based out of NYC, and is the founder of ePatientFinder, which is a healthcare IT company that uses advanced data science to match patients with prospective clinical trials. Tushar has extensive experience in raising venture capital, and helped raise more than $10 million in VC for the ePatientiFinder platform.
Samani, speaking on the Multicoin Capital platform, stated that the fund was established in order to keep up with the rapidly developing cryptocurrency industry:
“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 Multicoin Capital platform has been developing a robust security foundation over the last several years that will ensure the safety of investor funds. The security architecture of the Multicoin Capital platform is based on three primary axioms: redundancy, cold storage, and multi-signature wallets.
None of the private keys used by Multicoin Capital are ever stored online, and each private key is stored in multiple secure locations around the world. The investor roster backing up the Multicoin Capital platform include David Johnston, the co-founder of blockchain startup Factom, as well as a number of other high-profile venture capitalists.
Multicoin Capital Verdict
Multicoin Capital is a standout platform in the rapidly growing world of managed cryptocurrency investment funds. If you’re interested in the possibility of leveraging your cryptocurrency assets though managed fund services, Multicoin Capital is worth investigating.