• Gaib

  Participated · Seed · Dec 2024

  GAIB provides an economic layer for AI compute, tokenizing enterprise-grade GPUs and their yields to create yield-bearing assets backed by real AI demand. Its platform aims to create a decentralized, liquid market for GPU financing and to enable DeFi use cases built on top, including GPU-backed stablecoins, lending and borrowing, options and futures, and structured products. The company intends to use the funds to expand R&D and operations, accelerate product iteration, and strengthen its infrastructure. GAIB is led by CEO and Founder Kony Kwong and is based in Singapore. The article does not report operating metrics such as revenue or user counts.

• Plume Network

  Participated · Series A · Dec 2024

  Plume builds full-stack infrastructure that enables a wide variety of real-world assets—ranging from financial instruments to carbon credits and collectibles—to be issued as on-chain tokens. The platform is designed so holders can not only possess tokenized versions of these assets but also deploy them in common DeFi activities such as lending, borrowing, swapping and speculation. Plume’s testnet already supports more than 18 million user crypto wallets and over 200 integrated protocols, demonstrating early traction within the developer and user community. The company is currently focused on expanding this infrastructure to make alternative assets more liquid and programmable. A recent seven-figure investment from funds managed by Apollo Global Management will be used to fast-track Plume’s full-stack buildout and widen access to its ecosystem. By partnering with a major institutional investor, Plume aims to position itself at the center of the growing market for tokenized assets, which Boston Consulting Group and Ripple project could reach $18.9 trillion by 2033.

• Yala

  Participated · Seed · Oct 2024

  Yala builds a modular liquidity protocol that issues Bitcoin-backed stablecoins and enables cross-chain deployments to connect Bitcoin with multi-chain DeFi ecosystems. Its core products include a multi-token system with $YU (a Bitcoin-backed stablecoin) and $YALA (governance token), plus features such as an overcollateralized stablecoin mechanism, an insurance derivatives service, and a MetaMint functionality. The protocol’s architecture supports deployments across EVM-compatible platforms like Ethereum and non-EVM systems such as Solana to enhance Bitcoin composability. Yala plans to expand engineering, growth, and security teams as it moves toward mainnet launch and will release a testnet next week. Financially, the team raised an $8 million seed round and reports over 2,000 BTC in committed deposits from investors, and the round was 3x oversubscribed.

• Bitlayer

  Participated · Series A · Jul 2024

  Founded in October 2023, Bitlayer Labs is building a Bitcoin Layer 2 network based on the Bitcoin Virtual Machine (BitVM) to expand application programmability and tap into Bitcoin security. The team launched mainnet V1 in early 2024 and released a trust-minimized BitVM Bridge in July. Bitlayer has released integrations with chains including Arbitrum, Base, Cardano, and Sui and plans to ship a V2 of its mainnet later this year. The project raised capital through both private and public rounds; the fresh capital will be used for operational expansion, team growth, and ecosystem development. As of this raise, Bitlayer's total funding stands at $29.91 million across private and public rounds. Bitlayer is positioned as the first Bitcoin Layer 2 based on Bitcoin finality, offering a native environment through technologies such as OpVM, Finality Bridge, and RtEVM. It has implemented OpVM, which combines fraud proofs (BitVM) and validity proofs (OP_CAT) to enable Bitcoin L1 verification of arbitrary computations. The project launched Mainnet‑V1 on April 15 and now hosts over 280 deployed DApps across infrastructure, wallets, DeFi, NFTs, gaming, metaverse, and RWAs. Bitlayer reports partnerships with more than 30 Web3 platforms including Hacken, AWS Cloud, Ankr, Polyhedra, Babylon, Particle Network, and Meson. The team is preparing the imminent launch of Bitlayer V2, a Bitcoin‑native rollup whose state transitions are protected by OpVM. The company has raised a total of $25 million to date, funds the team says will accelerate development, scalability, and user accessibility. Bitlayer Labs offers a Bitcoin Layer 2 solution based on the BitVM paradigm. Its core objective is to address the trade-off between security and Turing completeness in BTC Layer 2 through cryptographic innovations and blockchain protocol engineering. The company aims to become the computation layer for Bitcoin, introducing ultra-scalability while inheriting Bitcoin’s security. Bitlayer targets a high-throughput, low-cost transaction experience for users. It intends to use recent funding to expand growth and development efforts. The Series A brought the company’s total capital raised to $16M. Bitlayer is a Bitcoin Layer 2 infrastructure provider building Layer 2 infrastructure for Bitcoin. The company plans to launch its mainnet on April 5. It will introduce an ecosystem incentive program called Ready Player One. Bitlayer announced completion of a $5 million seed financing. The round was led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C6E Capital, PAKA, Comma3 Capital, Kronos Ventures, dozens of institutions, and individual investors including Dan Held, Ryan Selkis, and Dan McArdle.

• MANTRA

  Participated · Equity · Mar 2024

  MANTRA aims to transform private-market assets into tradable digital tokens within the DeFi ecosystem, with real-time data reporting. The company is building a full market infrastructure for tokenized real-world assets (RWA) and plans to leverage regulatory frameworks and local infrastructure in the U.S. and the United Arab Emirates. MANTRA already has a Dubai subsidiary with a full license to operate digital-asset services. The recent strategic partnership with Inveniam and access to the AI capabilities of G42 in the UAE are positioned to accelerate that buildout. The initiative targets an estimated $18.9 trillion RWA opportunity by 2033. Operational metrics are under pressure: MANTRA’s TVL fell from over $4 million in April to under $500,000 in August while its native OM token collapsed more than 90%, erasing over $5 billion of market value. MANTRA Labs is an RWA L1 blockchain project focused on building compliant infrastructure for tokenizing real-world assets. The company provides developer support and tooling to accelerate RWA tokenization on its protocol. MANTRA’s stated goals include expanding RWA tokenization and creating an ecosystem that meets regulatory and compliance needs. The article reports MANTRA completed a financing of $11 million. The raise was described as a strategic investment led by Shorooq Partners. No operating metrics, founding year, or location were provided in the article.

No current team members are available.