The rapid rise of Bitcoin and blockchain technologies that drive crypto trade has created a new and lucrative digital asset. However, holding digital assets in the form of cryptocurrency is difficult as resources are scarce and hard to come by.
Polychain was established to overcome this scarcity while committing themselves to provide exceptional returns for all investors. Clients who work with Polychain will have access to services that will enable them to manage the portfolios of their blockchain assets.
Based in San Francisco, California, Polychain Capital ensures that your crypto investments are safe and lucrative.
Background and History
Founded in 2016, Polychain Capital was founded by Olaf Carlson-Wee. Before establishing Polychain, Carlson-Wee worked for Coinbase, where he held the position of Head of Risk. After founding Polychain, Carlson-Wee was an overnight success.
Several shares in Polychain have been bought by big companies such as Founders Fund, Union Square Ventures, and Sequoia Capital.
Back in 2017, the firm claimed approximately $1 billion in assets. However, due to a sudden major drop in its holdings, this value fell to $591.5 million by the end of 2018. According to Polychain’s SEC filings as of June 2021, they handle investments worth nearly $2 billion.
Polychain Capital has invested in several upcoming and successful companies such as Kik Messenger, Tezos, and Dfinity.
What Does Polychain Capital Do?
Polychain Capital is primarily an investment firm that specializes in cryptocurrencies and crypto trade. Due to the scarcity of digital assets based on mathematical properties, Polychain’s goal is to overcome this scarcity while guaranteeing heavy returns for all clients.
Polychain makes use of cryptographic verification and game-theoretic equilibrium to create and issue blockchain-based assets. These assets can be easily transferred using the right software technologies.
All the investor or client has to submit their financial credentials and blockchain assets to the company. A team of cryptocurrency experts will handle all the finances, transactions, and investments to ensure that the client receives the maximum profits from the money given to the company.
Based on the belief that society will restructure around blockchain-based incentive systems, Polychain works to accelerate this future by allocating funds to breakthrough technologies. They also invest in new companies and technical teams dedicated to building these ecosystems.
Polychain Capital works to maximize investments based on a string long-term vision and quantitative reasoning. Various people handle all the investments to ensure that they are safe and profitable.
Clients can rest assured knowing that their assets will be managed by a team of experienced cryptocurrency researchers, crypto security engineers, financial strategists, and so on. The company’s dedication and drive pushed it to achieve $2 billion in assets under its holding.
First $1 Billion Crypto Fund
From its inception, Polychain has been attracting the attention of prominent venture capital firms, including the likes of Andreessen Horowitz. They have been betting on companies and buying shares from forms that might define the next generation of blockchain.
In 2018, Polychain Capital became the first crypto fund to hit more than $1 billion assets under their management. These numbers are according to their SEC regulatory filings.
Most of the money held by Polychain comes largely from cryptocurrency assets, unspent cash pledged from investors and equity in companies.
The company hit $1 billion in assets in February 2018. Still, the numbers started dropping right after that due to the fall in the price of Bitcoin and other cryptocurrencies.
Moreover, most companies experience a sudden drop in market value immediately after hitting a new high. Polychain Capital was no exception to this rule and experienced a drop of nearly 40%. However, the firm quickly bounced back and continued to increase its market value through smart investments.
This did not stop the firm from taking new investments, and today they hold over $2 billion in assets. It comes as no surprise since the founder, Olaf Carlson-Wee, is extremely optimistic about Polychain and the state of Bitcoin and the blockchain industry in the future.
Why Choose Polychain Capital?
With the rising importance and growth of Bitcoin and the crypto industry, several investment firms offer to handle your finances and investments. These are primarily meant to guarantee returns and profits on the companies and services you choose to invest in.
However, Polychain Capital’s services stand out in this industry due to a variety of reasons. This firm is one of the largest investment companies that specialize only in cryptocurrencies and crypto trade.
Polychain is backed and supported by investment giants such as Andreessen Horowitz, making it reliable and effective. Moreover, it has seen a continuous upward growth trajectory ever since its inception, with only a few minor falls in between.
It recently hit $2 billion in assets under its management, and all the clients are satisfied with the firm’s services. They have also invested in several other upcoming and promising companies and software technologies, making them a progressive and forward-thinking firm.
Moreover, the head and founder of Polychain Capital, Olaf Carlson-Wee, is deeply knowledgeable about crypto, thanks to his time at Coinbase, where he was one of the Bitcoin exchange’s first employees.
Carlson-Wee runs Polychain in a manner that places clients above everything else. When investment firms are experimenting with different investment structures and crypto is taking the world by storm, Polychain offers its investors strong profit margins, personalized services, security, and reliability.
Summing Up
Through an active and hands-on approach to managing portfolios of blockchain assets, Polychain Capital offers exceptional returns for all its clients and investors.
Despite a few ups and downs in the recent past, such as sudden drops in value and hacking attacks, Polychain always bounces back.
Due to this unique ability to use the market’s volatility, Polychain Capital remains one of the most successful and lucrative cryptocurrency firms out there.