Multicoin Capital plans to raise $100 million for a new investment fund

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By the end of the first quarter of 2018, the company plans to raise up to $100 million, the company said. Multicoin, which showed its initial commitments today, outlined seven different areas of investment, from value storage to decentralized forecast markets.

In a statement, the fund tried to distinguish itself from the traditional efforts of the fund, saying that although it may resemble a hedge fund on the surface, Multicoin relies on a methodology based on technologies to determine the prospects for tokens.

Last year, the company created its own security technology to ensure that investor funds won't be lost. Its security approach is based on three principles: redundancy, cold storage and multiple signatures. None of the private keys ever touched the Internet, several 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.

Among the consultants of the firm is David Johnston, the co-founder of blockchain startup Factom. According to the firm, accredited investors can participate with a minimum investment of $ 100,000. The fund charges a two percent commission fee and 20 percent carried interest.