Bain Capital Crypto backs renegades and pioneers building the next generation of open internet infrastructure.

We make concentrated investments and support teams from idea to scale.

Recent investments

M^0 is decentralized money middleware that allows institutions to issue cryptodollars.

World is building the world’s largest, most distributed privacy-preserving identity protocol.

Aera is a protocol enabling more risk-aware, autonomous treasury management for DAOs and other on-chain organizations.

Recent insights

Perpetual Demand Lending Pools

Decentralized perpetuals protocols have collectively reached billions of dollars of daily trading volume, yet are still not serious competitors on…

Tarun Chitra,
Theo Diamandis,
Kamil Yusubov,
Nathan Sheng

DeFi,
Research

The Accidental Computer: Polynomial Commitments from Data Availability

In this paper, we present two simple variations of a data availability scheme that allow it to function as a…

Alex Evans,
Guillermo Angeris

Research

Manipulability Is a Bug, Not a Feature

Like a computer, a blockchain has an internal clock: the blocktime [1]. Users send the blockchain transactions which contain sequences…

Theo Diamandis,
Khurram Dara

Regulatory,
Research