People

Olaf Carlson-Wee

Olaf Carlson-Wee

Formal First Name
Olaf
Dates
1989 - present

Olaf Carlson-Wee is the Founder and CEO of Polychain Capital, a premier cryptocurrency financial firm advancing the global adoption of cryptocurrencies. Olaf is a Bitcoin prophet and among the crypto OGs. He is a renowned expert in crypto-based financial instruments, decentralized ledger protocols, private key security, and anti-fraud systems. Prior to Polychain Capital, he was the former Head of Risk at Coinbase, the largest digital asset exchange in the United States, where he was hired as the first employee. He built a 40 person operations team, conducted agent training on block analysis for the HBI, HSI, and the Treasury Department.

Professional Experience


Academic History

BITCOIN & BLOCKCHAIN EXPERTISE

  • Olaf first entered the blockchain market in 2011 when he wrote his senior thesis on Bitcoin at Vassar College.

  • He received a civilian award from Homeland Security for technical analysis of the blockchain in a $10,000,000 cyber crime case.

  • He educated the economic advisor to President Obama on blockchain technology.

  • He has also given numerous public facing technical talks on private key security and fraud prevention at scale.

  • He has a patent pending for the Bitcoin Host Computer System, a multi-authorization bitcoin storage mechanism.


POLYCHAIN CAPITAL

  • Leveraging his knowledge and insights from Coinbase, Olaf established Polychain in 2016, a hedge fund specializing in blockchain-based digital assets.

  • Under his leadership, Polychain has become a leading digital asset hedge fund actively managing blockchain assets.

  • Polychain has initial investments from Sequoia, a16z, Union Square Ventures, and Founders Fund.


COINBASE

  • He designed fraud prevention and security mechanisms protecting billions of dollars in transactional value occurring in over 30 countries.

  • He requested that his paycheck be distributed to him in Bitcoin and became one of the first people to earn and spend nearly exclusively in digital currency.

  • Before leaving CoinBase, he managed to lower the company's fraud rate by 75% through AI algorithms.


RECOGNITION

  • 2018 Forbes 30 Under 30 - Finance


MEDIA & APPEARANCES

  • Olaf has been featured or quoted in Forbes, Fortune, The Wall Street Journal, CNBC, Yahoo! Finance, and more.

  • He has also been featured in CoinDesk, Cointelegraph, Blockworks, and Real Vision.