U.S. investment firm with long-term view launches two crypto-currency funds

NEW YORK (Reuters) – Multicoin Capital, a U.S. investment firm with a multi-year horizon, said on Thursday it has launched two funds that will invest in digital currencies or tokens, as it seeks to tap robust demand for virtual assets that allow for instant, borderless transactions.

Both funds have a combined $10 million in assets, with a target of $100 million, Kyle Samani, Multicoin’s managing partner said in an interview with Reuters. Samani expects the firm to hit that goal in the first quarter of 2018.

Multicoin has an long-term investment view, typically three to four years, said managing partner Tushar Jain. That’s far longer than the typical horizon of digital currency funds of just a few months…

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