Cointime

Download App
iOS & Android

BitMEX Founder's Family Office Launches Maelstrom Fund Focused on Decentralization and Blockchain-Based Financial Products

Arthur Hayes' family office has launched a new fund called Maelstrom, which is focused on investing in startups with mission-critical offerings, high-quality founders, and complementary business models. The fund is also positioning itself for the future of decentralized systems and blockchain technology, with a focus on investing where there is no conflict between regulatory concerns and decentralization.

Maelstrom is open to any business model that monetizes the internet in a new way, not just blockchain-based financial products. The firm's longer investment horizon allows for the building of a long-term portfolio of decentralized infrastructure companies/protocols that will serve as building blocks of the future, and it is positioned to capture value when legacy financial infrastructure fails.

Comments

All Comments

Recommended for you

  • This year, there have been more than 90 Bitcoin ecosystem-related financings

    There have been more than 90 financing transactions related to the Bitcoin ecosystem since 2024, setting a new record for the highest number of financing transactions in a single year in Bitcoin's history. Kyle Samani, Managing Partner at Multicoin Capital, pointed out that with the emergence of the Bitcoin Taproot upgrade and the Ordinals protocol, the Bitcoin ecosystem is experiencing a "developer renaissance". For some developers, building financial tools on Bitcoin is more attractive because it is the oldest and most secure blockchain. Multicoin Capital's investment trend is reportedly shifting from Solana to the Bitcoin ecosystem. The venture capital firm has invested in projects such as Solana Labs and StarkWare, but recently participated in the funding of the Bitcoin-native music platform Arch Network and the Bitcoin scaling network Mezo.
  • WSJ: GPU cloud computing platform CoreWeave raises $7.5 billion to promote artificial intelligence computing

    CoreWeave, an artificial intelligence cloud computing startup supported by Nvidia, has raised $7.5 billion from investors including BNY Mellon, KKR, and BlackRock. This financing is one of the largest private debt financings ever. Just two weeks ago, CoreWeave completed a $1.1 billion equity financing round with a valuation of $19 billion. As of the end of last year, the company had 14 data centers and plans to double that number to 28 by the end of this year.
  • On-chain indexing service Subsquid completes financing of US$17.5 million, with participation from DFG and others

    Subsquid, a chain indexing service, announced the completion of a $6.3 million financing through the CoinList community. As of now, its total financing amount has reached $17.5 million, with participation from DFG, Hypersphere, Zee Prime, Blockchange, and Lattice. It is reported that its native token, SQD, is scheduled to be listed this Friday. The Subsquid SDK has been integrated with Google BigQuery, allowing developers to use Google's technology to analyze blockchain data and reduce the data costs of large-scale deployment in the blockchain and developer communities.
  • Peaq Completes $20 Million Fundraising via CoinList Launch

    Peaq, a Layer1 blockchain applicable for DePIN and machine RWA, announced on X platform that it raised $20 million through its native token Launch, which was launched on CoinList from May 9 to May 16. As of now, over 145,000 community members have completed over-subscriptions of over $36 million. The new funds will be used to accelerate the growth of the peqosystem and further consolidate various ecosystem and community plans.
  • Gaming platform Param Labs completes $7 million financing, led by Animoca Brands

    Gaming platform Param Labs has completed a $7 million financing round, led by Animoca Brands with participation from Delphi Ventures and Cypher Capital. Param Labs aims to establish a gaming ecosystem managed by its native PARAM token, which is set to launch soon. The company's first game, "Kiraverse," is a multiplayer shooting game that allows players to earn money while playing.
  • Blockchain SaaS solution AfriDex completes $5 million Pre-Seed round of financing, led by Endeavor Ventures

    AfriDex, a blockchain software-as-a-service solution based in London, UK, announced the completion of a $5 million Pre-Seed round of financing with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to support and protect supply chain participants, utilizing blockchain technology to achieve traceability, frictionless payments, anti-fraud transactions, verified authentication, simplified tax and subsidy management. (finsmes)
  • Blockchain SaaS Solution AfriDex Completes $5 Million Pre-Seed Round of Funding, Led by Endeavor Ventures

    AfriDex, a blockchain software-as-a-service solution based in London, UK, has announced the completion of a $5 million Pre-Seed round of financing, with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex currently focuses primarily on the agricultural market, providing support and protection to supply chain participants through comprehensive on-chain solutions, utilizing blockchain technology to achieve traceability, frictionless payments, fraud prevention, verified authentication, simplified tax and subsidy management.
  • NYC-based Prediction Market Polymarket Raises $70M in Funding to Expand Operations and Development Efforts

    NYC-based prediction market, Polymarket, has secured $70 million in funding from investors including Founders Fund, 1confirmation, ParaFi, Vitalik Buterin, Dragonfly, and Kevin Hartz. The funds will be used to expand operations and development efforts. Polymarket, founded by Shayne Coplan, allows traders to predict the outcome of future events and react to breaking news in real-time, with market prices conveying the likelihood of important events. The platform has already seen a record $202 million worth of predictions made in 2024 across politics, current events, pop culture, and more.
  • Fuel Network DeFi Protocol Spark Completes $1.5 Million Pre-seed Round of Funding

    On May 15th, Fuel Network's DeFi protocol Spark announced the completion of a $1.5 million pre-seed round of financing with participation from P2 Ventures.
  • Privacy Layer 1 Network Swisstronik Completes $5 Million in Seed Round Financing

    Privacy Layer 1 network Swisstronik has announced on social media that it has completed a $5 million seed round of financing. Two investors, Constantin Guggi and Anton Polianski, have joined the team as co-founders and executives.