Overview
- Kyle Samani announced his departure in a post on X, saying he will take time off to explore other technologies while continuing to make personal crypto investments.
- He will remain chairman of Forward Industries and has requested in-kind redemption of FWDI shares and warrants from the Multicoin Master Fund.
- The firm has not named a successor, with day-to-day management handled by Tushar Jain and Brian Smith.
- Samani reaffirmed his long-term confidence in digital assets and highlighted the proposed U.S. Clarity Act as a potential catalyst for broader adoption.
- Founded in 2017, Multicoin built its profile by investing across venture and liquid token markets, including early backing of Solana and Helium.