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New Digital Assets Hedge Fund Raises $10mn from Top VCs
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New Digital Assets Hedge Fund Raises $10mn from Top VCs

New Digital Assets Hedge Fund Raises $10mn from Top VCs

Fintech Nexus Staff·
FinanceFintechNews RoundupUSA
·Dec. 12, 2016·1 min read

Polychain Capital, a hedge fund that focuses on investing in digital assets such as bitcoin and ether has raised $10 million; the funding comes from venture firms Andreessen Horowitz and Union Square Ventures; the company launched in September with $5 million from 30 investors and is led by Olaf Carlson-Wee who was also the first employee of Coinbase; according to Olaf: “There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain — it’s going to be a number of different assets here. And the best way to invest in that is a diversified portfolio.”  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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