Form D · Hedge Fund

Polychain Master Fund I LP

San Francisco, CA · CIK 0001774326

Offering snapshot reported Apr 20, 2026 · SEC filing

Reported sold
$835M
Indefinite offering
Investors reported
3
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Dec 1, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$417M$835MAug 16, 2019Aug 20, 2020: $449,878,668.00Aug 20, 2021: $620,936,173.00Aug 11, 2022: $757,226,183.00Aug 11, 2023: $757,376,183.00Aug 7, 2024: $757,451,183.00Jul 29, 2025: $757,451,183.00Apr 20, 2026: $834,819,793.00Apr 20, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$757,451,183 → $834,819,793
  • Reported investors2 → 3

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 20, 2026Amendment$834,819,793$77,368,610vs Jul 29, 20253SEC filing
Jul 29, 2025Amendment$757,451,183$0vs Aug 7, 20242SEC filing
Aug 7, 2024Amendment$757,451,183$75,000vs Aug 11, 20232SEC filing
Aug 11, 2023Amendment$757,376,183$150,000vs Aug 11, 20222SEC filing
Aug 11, 2022Amendment$757,226,183$136,290,010vs Aug 20, 20212SEC filing
Aug 20, 2021Amendment$620,936,173$171,057,505vs Aug 20, 20202SEC filing
Aug 20, 2020Amendment$449,878,668No comparison2SEC filing
Aug 16, 2019InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-346711
Limited Partnership Interests

Source: Form D, filed Apr 20, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

POLYCHAIN MASTER FUND I LP

Investment adviser: POLYCHAIN CAPITAL LP

Gross asset value
$680M
Beneficial owners
394
ADV minimum commitment
$5M

Reported in Form ADV on Mar 28, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SECURITIZE FUND SERVICES, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG GRAND CAYMAN, Cayman Islands
Custodian ANCHORAGE DIGITAL BANK N.A. SIOUX FALLS, South Dakota, United States Related to adviser: No
Custodian COINBASE CUSTODY TRUST COMPANY, LLC NEW YORK, New York, United States Related to adviser: No
Custodian NORTHBROOK BANK & TRUST COMPANY, N.A. NORTHBROOK, Illinois, United States Related to adviser: No
Custodian PAYWARD FINANCIAL, INC. D/B/A KRAKEN FINANCIAL CHEYENNE, Wyoming, United States Related to adviser: No
Prime broker BTIG, LLC SAN FRANCISCO, California, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG
PCAOB 1323

ANCHORAGE DIGITAL BANK N.A.
LEI 549300JJSDEHXA1AKJ69

COINBASE CUSTODY TRUST COMPANY, LLC
LEI 549300ZHW72BH3BM4Q58

NORTHBROOK BANK & TRUST COMPANY, N.A.
LEI CLHA5EVJO4FMZ2WOBV70

PAYWARD FINANCIAL, INC. D/B/A KRAKEN FINANCIAL
LEI 5493001KJTIIGC8Y1R12

BTIG, LLC
CRD 122225 · SEC 8-65473

Filing source

Form ADV 2083814 · Mar 28, 2026 · Schedule D 7.B.(1), fund 805-6921763275

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Olaf Carlson Wee Executive
N/A Polychain Capital Lp Executive
N/A Polychain Partners Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
548 Market Street Suite 64375
San Francisco, CA, 94104