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  3. /Tushar Jain
  4. /Briefing
Pre-Pitch Briefing

Tushar Jain

Co-Founder & Managing Partner at Multicoin Capital

SeedSeries ATokenDeFiStablecoinsDePINPayments

Their Thesis

Open finance and tokenization. Strong views on stablecoins, DePIN, and crypto in emerging markets.

How to Pitch Them

Tushar values data-driven arguments and market sizing. Show TAM with real numbers, not hype.

What Excites Them

Large addressable markets, stablecoin infrastructure, DePIN with real revenue, emerging market adoption

What They Pass On

Small niche markets, solutions without clear market demand, over-financialized protocols

Key Frameworks

Market-Led Thesis

Start with the market opportunity size and work backwards to the crypto solution

In Their Own Words

“Stablecoins are the single most important innovation in crypto for real-world adoption.”

— Empire podcast

Recent Writing

Crypto Regulation Frameworkblog

Proposed framework for sensible crypto regulation

The DePIN Sector Mapblog

Mapping the DePIN opportunity

Stablecoins and the Future of Paymentsblog

Stablecoins will become the dominant global payment rail

Multicoin Capital: Our Investment in Delphiablog
Multicoin Capital: Proof of Physical Workblog

Podcast Appearances

The Stablecoin Opportunity — Empire
stablecoinspayments

Multicoin Capital Portfolio

Top Sectors

Infrastructure6
DeFi6
L1/L23
Wallet2
NFT/Gaming1

Stage Distribution

Early Stage7
Seed6
Series A4
Series B2
ArweaveInfrastructure
Early Stage$5.0M
NEAR ProtocolL1/L2
Early Stage$5.0M
AlgorandL1/L2
Early Stage$5.0M
SerumDeFi
Early Stage$5.0M
Passport (formerly Bitwise)Wallet
Seed$2.0M
Marinade FinanceDeFi
Seed$10.0M
Drift ProtocolDeFi
Seed$10.0M
LivepeerInfrastructure
Early Stage$5.0M
AudiusNFT/Gaming
Series A$15.0M
JitoDeFi
Series A$10.0M

+ 9 more investments. View fund →

← Full profile@TusharJain_LinkedInMulticoin Capital website