A new investment hedge fund named Multi Coin Capital has recently announced its plans to bid ten million dollars in a range of block chain tokens.
This hedge fund is also planning to raise another hundred million dollars by the end of the year 2018. Multi
Coin Fintech Pvt. Ltd indicated that they are currently focusing on seven different varieties of investments which include storing value and decentralized
prediction markets. They are solely dependent on technology driven methodology to track token prospects.
Kyle Samani, the managing partner of Multi Coin Capital, said that they invest in tokens rather than companies. It is unfair to create a replica of the VC model and utilize it with tokens.
This company has been involved in the creation of its own security technology to ensure that the investor funds are not lost. Their technology is purely based on redundancy, cold storage and multi-signature.
Tushar Jain, managing partner of the company, hinted that securing the keys is quite similar to which a Government preserves the nuclear nodes.
David Johnston, the co-founder of block chain startup Factum, stated that accredited investors may take part in this venture by investing an amount of one lakh dollars. A management fee of two percentage and twenty percentage carried interest is charged by the firm.