Bain Capital plans to launch its second cryptocurrency fund

ChainCatcher news, according to CoinDesk, based on documents from the U.S. Securities and Exchange Commission (SEC), Bain Capital plans to launch its second crypto fund. Bain Capital declined to comment on the new fund through its PR agency, citing compliance issues.

Bain Capital launched its first crypto fund in March 2022, a $560 million fund that coincided with the massive crash of the crypto market triggered by the collapse of Do Kwon's Luna. Despite subsequently experiencing a crypto winter, Bain Capital remained an active investor during 2022 and 2023, participating in multiple funding rounds for projects such as Sam Altman's $115 million Worldcoin financing, privacy protocol Nocturne Labs, and decentralized exchange aggregator Flood.