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

At Bain Capital Crypto, research and investing are interlocked. Researching foundational problems has led to our most successful investments. Working…

Alex Evans

An Analysis of Intent-Based Markets

Mechanisms for decentralized finance on blockchains suffer from various problems, including suboptimal price execution for users, latency, and a worse…

Tarun Chitra,
Theo Diamandis,
Kshitij Kulkarni,
Mallesh Pai

DeFi,
Research

Multidimensional Blockchain Fees are (Essentially) Optimal

Abstract In this paper we show that, using only mild assumptions, previously proposed multidimensional blockchain fee markets are essentially optimal,…

Guillermo Angeris,
Theo Diamandis,
Ciamac Moallemi

Research