AngelList and CoinList have partnered to launch Crypto special purpose vehicles (SPVs) and Crypto roll-up vehicles (RUVs) to assist crypto-specific founders in raising capital. This initiative allows investors to fund SPVs in stablecoins like USDC, providing a bank-free option for crypto investors. The model favors the crypto philosophy by enabling investors to receive tokens rather than cash returns. Additionally, the RUVs simplify compliance for startups looking to engage multiple angel investors without the burden of extensive paperwork and reporting requirements, thereby streamlining the investment process.
Investors can fund with USDC, which is easier for crypto investors who don't operate via banks.
The model is significant because investors receive tokens once they are available, instead of receiving cash returns.
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