Multicoin Capital
Austin, Texas · Invests in US; Global · Website
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🔒 $•• – $••Thesis
Cryptocurrency and blockchain technology will fundamentally restructure global financial systems. We invest in category-defining protocols and companies that reshape trillion-dollar markets through permissionless finance, technical innovation, and new economic paradigms enabled by blockchain. Particular focus on execution layers, DeFi infrastructure, stablecoins, payments, and emerging categories like DePIN, FHE, and crypto-AI intersection.
Likely not a fit for
Regulatory capture, centralized permission structures, projects without clear market timing or adoption curves, ventures dependent on unsustainable token economics
How they invest
- Lead or follow
- Usually follows
- Typical decision
- ~2 weeks
- Warm intro
- Not required
- Involvement
- Advisor
- Fund status
- Actively deploying
- Decision process
- Partnership vote
Partners & team
10 contacts on file
m•••@mu•••.capital
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Solana is a high-performance blockchain network that powers internet capital markets, payments, and crypto applications. It is known for being fast, decentralized, and scalable.
Aptos is a blockchain platform that enables developers to build decentralized applications (dApps) using smart contracts. It focuses on providing a secure and scalable environment for token standards and multi-signature wallets.
Arweave is a permanent information storage protocol that enables the decentralized and dis-intermediated transmission of information across time and space, utilizing a blockchain consensus mechanism for data permanence.
Drift Protocol is a decentralized trading platform built on Solana, offering permissionless trading of perpetual futures with high leverage and yield opportunities.
Jito Labs provides infrastructure solutions for Solana, focusing on maximizing MEV (Miner Extractable Value) opportunities for validators and searchers on the blockchain.
Kamino Finance is evolving from a lending protocol into the infrastructure layer for institutional finance and tokenized assets on Solana, offering fixed rates, off-chain collateral solutions, and a comprehensive platform for managing tokenized asset issuance.
Lido Finance provides a liquid staking solution for Ethereum, allowing users to stake their ETH while maintaining liquidity through its stETH token. The platform supports institutional clients and offers modular infrastructure for Ethereum staking.
THORChain is a decentralized exchange infrastructure that facilitates native asset settlement between various blockchains, allowing users to swap cryptocurrencies directly from their wallets without the need for wrapped tokens or intermediaries.
LayerZero is a technology that enables applications to move data across blockchains, uniquely supporting censorship-resistant messages and permissionless development through immutable smart contracts.
Wormhole is the leading interoperability platform connecting traditional finance and the internet economy, enabling secure cross-chain transactions and the transfer of data and assets across multiple blockchains.
Helium provides a decentralized wireless network for IoT devices, allowing users to earn cryptocurrency by providing network coverage.
Audius is a community-run music platform that connects artists and fans directly, allowing for free unlimited uploads and an ad-free experience.
Recent activity
- May 2026
Fun
Series A · Co-Lead
- Apr 2026
Exponent Finance
Seed · Lead
- Feb 2026
Novig
Series B · Investor
- Dec 2025
LI.FI Protocol
Series A · Lead
- Nov 2025
Ethena Protocol
Public Market · Investor
- Nov 2025
Ethena Protocol (ENA token investment)
Public Market · Lead
- Oct 2025
DoubleZero
Growth · Co-Lead
- Sep 2025
Forward Industries (Solana Treasury Strategy)
Growth · Lead
Multicoin Capital in the news
CryptoRank
Multicoin Capital Moves $59M in HYPE to Coinbase, On-Chain Data Shows
10 days ago
CryptoSlate
Multicoin exits the $1.65 billion Solana treasury company it helped launch eight months ago
24 days ago
Bitcoin World
Multicoin Co-Founder Clarifies HYPE Unstaking Was For Wallet Rotation, Not Selling
1 month ago
CryptoRank
Hyperliquid perp startup Trasia Labs raises $1.75M seed from Multicoin Capital
1 month ago
CryptoRank
Hyperliquid perp startup Trasia Labs raises $1.75M seed from Multicoin Capital
1 month ago
The Block
Multicoin Capital makes first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform
1 month ago
The Block
Multicoin Capital makes first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform
1 month ago
Crowdfund Insider
Multicoin Capital Projects Hyperliquid’s HYPE Token to Reach $319 by 2028 as Platform Gains Ground on Centralized Crypto Exchanges
2 months ago
AMBCrypto
Hyperliquid's 'structural advantages' will help HYPE rocket to $319 by 2028 - Multicoin Capital
2 months ago
Fortune
Multicoin Capital Crypto 100
2 months ago
CCN.com
Web3 Is Dead, Says Crypto Venture Capitalist, Claims ‘Only DeFi and DePIN’ Remains — Why?
3 months ago
Royal Gazette | Bermuda
Applebaum: digital assets reshaping capital markets
3 months ago
TradingView
Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZEC
4 months ago
Fortune
Exclusive: Startup Fun raises $72 million for the serious business of converting crypto and cash
4 months ago
The Block
Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire
4 months ago
The Block
Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire
4 months ago
CoinDesk
Investment firm Multicoin bets 'Internet Labor Markets' will drive crypto’s next wave of adoption
6 months ago
beincrypto.com
Kyle Samani Slams Hyperliquid Days After Leaving Multicoin
7 months ago
dlnews.com
Multicoin founder says he’s still ‘mega long’ Solana despite resignation cash out
7 months ago
Binance
SHOCK: Multicoin Capital co-founder resigns suddenly – "I no longer believe in Web3, ...."
7 months ago
Binance
The man who is best at calling SOL has exited the crypto world
7 months ago
The Information
Crypto Venture Capitalist Kyle Samani Steps Down From Multicoin
7 months ago
Yahoo Finance
Multicoin Capital co-founder Kyle Samani steps down after nearly a decade to pursue other areas of tech
7 months ago
CryptoRank
Kyle Samani’s Stunning Departure from Crypto Industry After Decade at Multicoin Capital
7 months ago
CoinDesk
Multicoin Capital co-founder Kyle Samani steps down after nearly a decade to pursue other areas of tech
7 months ago
thestreet.com
Multicoin’s Kyle Samani: SEC’s ‘Project Crypto’ speech sparked Solana treasury firm launch
11 months ago
Newcomer | Substack
In 2022, Paradigm's Assets Fell By 34%, Multicoin Capital Dropped 85%
Apr 2023
Bitwise Investments
Metaverse Crypto Index Launch
Jun 2022
Built In Austin
Multicoin Capital Raises $100M to Back Entrepreneurs in Cryptocurrency Space
May 2021
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