On Tuesday, Bain Capital, an asset manager with over $155B in AUM, launched its first crypto fund. The $560M fund will primarily focus on investing in crypto-focused infrastructure and decentralized finance (Defi). Bain has previously invested in 14 x Defi and crypto infrastructure companies, including Zero Hash, BlockFi, and ParaFi Capital. The asset manager believes that over the next 10 years, crypto will see significant growth with increasing adoption of crypto integration and embeddedness in both consumer and commercial software stacks.
