Multicoin Co-Founder Kyle Samani Says He Made Biggest-Ever Angel Investment in Backpack

Kyle Samani, co-founder of Multicoin Capital, said he made his largest-ever angel investment in digital-asset trading platform Backpack.Odaily reported on Oct. 11 that Samani recently announced Backpack was the biggest angel investment he has made to date. The size of the investment was not disclosed.Backpack said on Sept. 2 that Samani had joined the board of BackpackUS, its U.S. entity. At the time, the company said the future of global finance lies in combining institutional-grade risk management with the efficiency and transparency of on-chain markets.