Framework to Unveil New Gadgets on February 25th, Teases with Cryptic Glyphs
Modular repairable gadget company Framework announces a major event on February 25th, promising new devices and teasing with mysterious pictograms.
Alexis Rowe
A major development in the cryptocurrency space has emerged, as AngelList and CoinList have teamed up to launch a new way for crypto-specific founders to raise capital using crypto coins. The partnership, announced exclusively to TechCrunch, will introduce Crypto Special Purpose Vehicles (SPVs) and Crypto Roll-Up Vehicles (RUVs), revolutionizing the way crypto startup investments are managed.
The Crypto SPVs will allow users to fund investments in stablecoins, such as USDC, with a $0 fee. This move is significant, as it enables investors to participate in crypto investments without the need for traditional banking infrastructure. According to CoinList CEO Raghav Gulati, "Investors can fund with USDC, which is easier for crypto investors who don't operate via banks."
The Crypto RUVs, on the other hand, are designed to collect investments raised by founders for a particular round. This innovation eliminates the need for startups to manage compliance for multiple stakeholders, making it easier for them to focus on their core business. Gulati explained that "Crypto startups often seek to bring on many angel investors. With RUVs, dozens of angels who need to sign paperwork, send money, and get proper reporting on an ongoing basis can do so with AngelList Crypto RUVs."
The launch of these crypto-focused investment vehicles marks a significant shift in the mainstream investor world, where crypto's acceptance had wavered during the "crypto winter." However, with bitcoin reaching record highs and the Trump administration's growing interest in cryptocurrency, the industry is poised for a comeback. This partnership between AngelList and CoinList is a testament to the growing recognition of crypto's potential in the broader tech ecosystem.
The implications of this development are far-reaching, as it enables crypto founders to raise capital in a more decentralized and efficient manner. The use of stablecoins and crypto coins also aligns with the crypto ethos of stakeholder participation and self-ownership of assets. As Gulati noted, "The model is significant because investors receive tokens once they are available, instead of receiving cash returns."
The integration of CoinList's software with the new investment vehicles is expected to be announced soon, further streamlining the investment process for crypto startups. With this partnership, AngelList and CoinList are paving the way for a new era of crypto investment, one that is more accessible, efficient, and aligned with the principles of the crypto community.
As the crypto industry continues to evolve, this development is a significant step forward, demonstrating the growing maturity and recognition of crypto's potential in the mainstream investor world. With the launch of Crypto SPVs and RUVs, the possibilities for crypto founders and investors alike are vast, and the future of crypto investment looks brighter than ever.
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