AngelList and CoinList, two giants of tech and finance, are joining forces to boost the budding crypto industry. The partnership unveils the launch of Crypto Special Purpose Vehicles (SPVs) and Crypto Roll-Up Vehicles (RUVs), spearheading an innovative way for crypto founders to raise capital.
This strategic alliance allows users to channel syndicates for raising funds and manage crypto startup investments “the crypto way,” according to the two companies. An inherent plus is the zero-fee feature for funding Crypto SPVs in stablecoins.
CoinList CEO, Raghav Gulati, highlighted the benefits for investors. The process, he explained, streamlined for crypto investors who don’t train within the traditional banking system, allows funds in the form of USDC, a stablecoin equivalent to the US dollar.
The companies also revealed an imminent integration with CoinList’s software, allowing token distribution in kind to Limited Partners (LPs). Furthermore, these tokens are compatible with many non-US token issuers and investors.
On a fundamental level, the approach fosters stakeholder participation and promotes a wider acceptance of self-ownership of assets in the crypto environment.
The Crypto RUVs are tailored to compile investments raised for a specific round, easing startups from the complexities of managing compliance for multiple stakeholders. This comes as a boon for crypto startups that engage numerous angel investors, who can now leverage AngelList Crypto RUVs for paperwork, financial transactions, and constant reporting.
Despite the shakeups during the ‘crypto winter,’ with industry titans facing legal consequences, the Trump administration’s evident interest and bitcoin’s skyrocketing value signal a resurgence in crypto acceptability in the mainstream tech circles.
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