Participated · Equity · Jul 2024

Term Labs develops Term Finance, an auction-based on-chain fixed-rate lending protocol designed to operate at institutional scale. Since launch, Term Finance has serviced over $100 million in volume and posts consistent weekly clearing volumes in the seven-figure range. The protocol uses isolated, modular collateral pools and multiple oracle safeguards (staleness and zero-price checks, fallback oracles, sequencer uptime checks) to mitigate contagion and concentration risk. Term Finance has completed multiple code audits, public GitHub traceability, on-chain verification, and formal verification via Certora's CLI. Term Labs is piloting auctions backed by permissioned real-world assets (RWAs) in partnership with MatrixPort and plans growth tied to tokenization and RWA adoption. The company is launching an invite-only rewards program (Season 1 running through summer into early fall) to engage and reward early adopters. Term Labs is a San Diego, CA–based blockchain research and development company led by CEO Dion Chu. It focuses on developing transparent, scalable fixed-rate lending on blockchains. The company is building Term Finance, a decentralized lending protocol that uses an auction model to support scalable fixed-rate/fixed-term lending. Term Finance aims to bring transparent, low-cost, crypto-native solutions for borrowers and lenders at institutional scale when it launches on Ethereum. Term Labs intends to use the seed funding to develop Term Finance. The company raised $2.5M in Seed funding with participation from multiple blockchain-focused investors and DeFi founders.

Participated · Seed · Sep 2022

Magna provides a token management platform that lets crypto organizations automate distributions to teams, stakeholders, community members and other recipients on Solana, Ethereum and other blockchains. The product includes token planning features that help founders plan future distributions and educate token holders on future ownership. The company supports distributions on Solana, Ethereum, Polygon, Avalanche and others, and has been managing over $30M of distributions for select customers. Magna went live in July and has distributed to thousands of recipients since launch. The company plans to use the new funding to launch additional token management offerings and expand its team. Magna was founded in early 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan and has a presence in New York, Miami, and Toronto.

Participated · Seed · Jul 2022

Trustless Media builds “NFTV” shows that give content ownership and governance to community members via NFTs. Its flagship show, Coinage, will launch in the fall and is intended to explore crypto’s biggest stories with a skeptical lens. The company says it is focused on attracting partners and a community rather than maximizing NFT sales. Leadership includes co-founder Zack Guzman, formerly a journalist at Yahoo Finance and CNBC, who will lead the flagship show. Trustless Media’s initial token mechanics include a 1,000-member “Network NFT” mint, a 9,000-supply “Caucus NFT” to be offered after Coinage’s first season, and a free-to-mint (transaction-fee only) Subscriber NFT with no maximum supply. The company also plans to expand its web3 shows beyond crypto into other media verticals like food and travel.

Participated · Series B · Jun 2021

Securitize provides infrastructure to tokenize real-world assets, enabling asset managers and institutions to issue blockchain-based versions of funds, bonds and private credit. The firm, backed by investors including BlackRock and Ark Invest, has worked with clients such as Apollo, KKR, Hamilton Lane and VanEck. Earlier this year it assisted the New York Stock Exchange in building a tokenized securities platform. Securitize is moving to go public via a SPAC merger with Cantor Equity Partners II and expects the combined company to list on the NYSE under the ticker SECZ after closing. The company is positioning itself within a tokenized real-world assets market that observers estimate has grown to more than $30 billion and could expand substantially over the next decade.