“We believe that the crypto investment company of the future will look radically different to status quo, with a clear focus on an engineering-first and pro-activist investment approach,” said Liegl. “Cryptocurrencies, as open-source protocols, offer the unprecedented opportunity for companies like Layer1 to meaningfully add value. This is fundamentally different from the possibilities available in traditional asset classes.” “We believe there is huge potential for a hands-on, mission-driven investor to take a concentrated position in a single cryptocurrency, and then dedicate talent and resources to significantly accelerate its development,” said Travis Scher, VP Investments at Digital Currency Group. “Alex and his team are extremely talented and we are excited to support them.”

https://www.businesswire.com/news/home/20181219005016/en/Peter-Thiel-Digital-Currency-Group-Invest-Crypto