$150,000,000,000 Investment Giant Bain Capital Announces Massive New Crypto Arm
A leading investment firm with over $150,000,000,000 in assets under management is launching a new crypto fund.
Today, Bain Capital launched Bain Capital Crypto (BCC), a $560,000,000 crypto funding arm.
“We are excited to announce Bain Capital Crypto, our first $560mm fund, and the launch of a new platform to support the renegades and pioneers building the next generation of internet infrastructure. We designed this dedicated investment firm to support crypto/Web3 builders from seed through growth with a highly technical and collaborative approach.”
Bain Capital says they set up the fund due to its belief that crypto represents a “monumental technology shift towards open, community-driven, and decentralized services.”
According to the announcement, the fund supports blockchain builders and creators through BCC’s three areas of expertise.
“Technical and economic research: As the next wave of internet and financial infrastructure gets built, we believe teams will require deep technical support thinking through critical design decisions.
Governance design and participation: Crypto protocols require a dedicated level of active participation on topics related to code contribution, risk parameter adjustment, [decentralized autonomous organization] organization, and management. We intend to participate actively in these ecosystems.
Participation across stages: Given the early liquidity dynamics of crypto protocols and limited capital intensity, protocol teams require investors that can participate across the liquidity spectrum, supporting teams in both private and public markets. We have the flexibility to participate across capital stages and even leverage protocols with our own capital.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tex vector/Natalia Siiatovskaia
The post $150,000,000,000 Investment Giant Bain Capital Announces Massive New Crypto Arm appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
