Marini Launches Crypto Fund Of Hedge Funds As Sector Booms

Veteran entrepreneur and venture capital executive Rick Marini has launched a crypto-focused fund of funds, believed to be among the first of its kind, as investment interest in the cryptocurrency sector explodes.

Marini has launched the fund, named Protocol Ventures, with $1 million of internal capital, according to a Bloomberg article Tuesday. He ultimately wants to raise $100 million for the vehicle, which will invest in ten crypto-focused hedge funds.