NEW: Global investment giant BainCapital has launched a $530 million crypto fund to invest in DeFi and Web 3 projects. BrandyBetz reports
Bain Capital staffers dedicate a wing of the Boston Children's Hospital in 2018.
Bain Capital Crypto is “oriented around early-stage investing all the way through liquid tokens,” Bain Capital Ventures partner Stefan Cohen told CoinDesk during an interview. “We’re at the very early innings of a multi-decade technology shift by which the internet is going to be re-architected on open, community-owned public standards,” Cohen told CoinDesk. “In order to properly invest against that macro trend, we really need a dedicated investment platform that’s designed around the needs of the founders and the ecosystem.”Cohen and BCV partner Alex Evans are co-leading the fund, which now has seven members split nearly evenly between researchers and investors.