Coinbase’s first employee was Olaf Carlson-Wee, and began working with the startup in March 2013 as the Head of Risk and Product Manager. Olaf has recently left Coinbase to start his own company, Polychain Capital.
According to an interview Carlson-Wee did with CoinDesk, he left Coinbase to start a new digital currency hedge fund. Carlson-Wee believes that his vision for Polychain Capital will be enough to turn it into one that generates significant returns for those who invest, given that the fund plans to invest solely in digital currencies and other blockchain-based tokens.
Carlson-Wee said that the firm does not yet have investors or even its own website and that Polychain Capital will create an actively managed portfolio of blockchain-based assets, something he argued makes sense for investors who believe broadly in blockchain, beyond simply the major digital currencies.