Saidler & Co. Invests in Leading Crypto Hedge Fund Polychain
Saidler & Co. Finance AG is delighted to announce its investment in Polychain Fund (“Polychain”), the world’s foremost hedge fund dedicated exclusively to blockchain-based digital assets.
Polychain was founded by Olaf Carlson-Wee in 2016 in San Francisco, becoming the first crypto fund globally to exceed USD 1bn in assets under management. The firm is backed by a long list of noted investors including Andreessen Horowitz, Sequoia Capital, Peter Thiel’s Founders Fund and Union Square Ventures.
Polychain’s investment thesis is that emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using software…creating a revolution in the real world, across (all) industries.
With its investment in Polychain, Saidler & Co. Finance AG is accelerating its exposure to the fast growing blockchain and crypto space, underlying its ambitious goals to solidify and extend its position as a leading crypto and blockchain investment firm in Europe.
Saidler & Co. Finance AG is – besides Saidler & Co. Capital AG and Saidler & Co. Property AG – one of the three pillars of Saidler & Co., the Swiss investment firm controlled by the Saidler family. As of February 2021, Saidler & Co. managed CHF 500m in assets under management.