Participated · Seed · Jan 2025

1Money is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver sub-second confirmations, low fixed fees, and native compliance. The protocol uses a patent-pending Byzantine Consistent Broadcast (BCB) design intended to eliminate long delays, surge-pricing fees, security vulnerabilities, and compliance gaps on existing blockchains. Key features include instant transaction confirmation (under one second), fixed low-cost fees with plans for gasless transactions through partners, native multicurrency stablecoin support, and network fees charged in the transacted stablecoin. The network claims scalability above 250,000 transactions per second and includes embedded compliance mechanisms to automate sanctions controls. 1Money emerged from stealth with over $20 million in seed funding and plans to launch the 1Money Network in Q2, using the capital to power product development and the network rollout. The company emphasizes simplifying the Web3 experience by removing complex tokenomics, staking, and governance layers to accelerate mainstream and enterprise adoption of stablecoin payments.

Participated · Series A · Oct 2024

zkPass builds the zkTLS oracle protocol, combining 3P-TLS and Hybrid ZK technologies to enable verifiable, privacy-preserving data sharing from HTTPS websites without OAuth. The protocol is Prover-centric and allows users to generate zero-knowledge proofs of private data in-browser within one second and selectively prove identities, financial records, healthcare information, and other sensitive data. zkPass has indexed over 200 schemas from 70+ verified web data sources and, as of October 2024, has generated more than 2 million zk attestations across categories including financial institutions, e-commerce, social media, and online education. The company positions zkTLS to bridge Web2 and Web3 and to enable large-scale private data integration for decentralized applications, with applications across AI, DePIN, DID, lending, TradFi and DeFi. The announced funding will be used to accelerate technology development and market adoption and to bring zkTLS to real-world applications. zkPass develops a privacy-preserving protocol for private data verification that lets users disclose personal data without exposing or uploading the actual documents. Its technology stack combines zero-knowledge proofs, multi-party computation, and three-party transport layer security. The company offers TransGate, which enables users to selectively and privately validate their data on any HTTPS website to the web3 world. TransGate and the protocol can cover various data types, including legal identity, financial records, healthcare information, social interactions, work experience, and education and skill certifications. zkPass raised seed funding and plans to use the proceeds to advance development of its pre-alpha testnet. The platform emphasizes secure, private verifications without sending sensitive personal data to third parties.

Participated · Equity · Sep 2024

E-PAL’s core product is Balance, an AI-powered blockchain experience infrastructure designed to improve user experience and drive mass Web3 adoption. Balance comprises five interconnected layers (Application, Platform, Protocol, Infrastructure, and Token) and includes features such as human and AI EPALs, an NFT launchpad, a token/protocol suite, Balance ID and chain, and a stablecoin system. The company plans to issue core assets including EPT tokens, Pioneer Badge NFTs, and Balance Nodes to incentivize players, early supporters, investors, and companions. E-PAL will use the recent funding primarily to accelerate the launch and expansion of Balance and to develop its underlying infrastructure and services. The platform already leverages an existing user base of 4.2 million users and 450,000 active companions and has partnered with over 80 Web3 game companies, supporting more than 150 games worldwide.

Participated · Equity · Apr 2024

Usual issues USD0, a community-focused, yield-bearing stablecoin launched out of stealth in early 2024. USD0 is backed 1:1 by real-world assets—primarily U.S. Treasurys—and the protocol is governed by the USUAL token. The protocol is designed to distribute real yields generated by its reserve holdings to holders, and it projects an 80% annualized yield. Users can stake USD0 for up to four years to earn rewards paid in USUAL. USD0 crossed a $1 billion market capitalization and was approaching $1.5 billion, making it the seventh-largest stablecoin by market cap and the sixth most-traded by volume, per CoinGecko. Usual recently inked a deal with onchain stablecoin infrastructure firm M^0 to help expand its backing assets, and its founder and CEO Pierre Person is a former vice president of the presidential political party that spearheaded France’s crypto asset legislation and an ex-member of the French Parliament. Usual Labs is developing Usual, an innovative protocol that bridges traditional finance and decentralized finance via the USD0 stablecoin. The project includes a Liquid Deposit Token (LDT) designed to establish the offering as a DeFi-native stablecoin. The company has committed $75M in Total Value Locked (TVL) to ensure the protocol’s timely launch. Usual Labs raised $7M in funding to support its next steps. The funds will be used to prepare for the pre-launch of the USD0 stablecoin on the Ethereum mainnet in Q2 2024. The company was founded in 2022 in Paris by CEO Pierre Person, Design Executive Officer Adli Takkal Bataille, and COO Hugo Sallé de Chou.

Participated · Series A · Apr 2024

dappOS is an intent execution network that turns value-specific intents into on-chain outcomes. It creates a two-sided marketplace: on the supply side, service providers stake collateral and opt into running execution services; on the demand side, developers find solutions to fulfill users’ intents. The platform matches intents with execution services to produce on-chain results for chains and dApps. The company plans to use the Series A proceeds to expand operations and accelerate development efforts. dappOS raised $15.3M in a Series A at a $300M valuation and previously secured seed investment from Binance Labs and Sequoia China in July 2023. The company is based in Singapore and was selected for the Binance Incubation Program Season 5 in December 2022.