Participated · Initial Coin Offering · Jul 2025

Founded in 2024, Plasma focuses on infrastructure for stablecoins and initially worked on stablecoin yield strategies and cross‑chain bridging solutions. The company is developing a Bitcoin‑secured sidechain using an Reth‑based EVM and a proprietary PlasmaBFT consensus mechanism to deliver sub‑second finality and high throughput. Core capabilities highlighted include zero‑fee USDT support, intents‑based bridging for interoperability, and security anchored in Bitcoin proof‑of‑work. Plasma’s testnet went live in late 2025 and the team targets mainnet upgrades in Q2 2026 to enable scalable issuance and transfers. The platform positions itself to handle very large on‑chain stablecoin value and has announced partnerships, such as with NEAR Protocol, to address payments, remittances, and merchant settlement use cases. The recent $24 million funding round provides the capital to accelerate product development and broader ecosystem integration.

Participated · Series A · Jul 2022

Thalex is a crypto-native derivatives exchange that offers stablecoin-settled options and futures. Its product includes linear BTC and ETH contracts with multi-collateral support (BTC, ETH, USDt and USDC) and portfolio-based margining for capital efficiency. Key platform features include 1 bps maker and taker fees, fee advantages for multi-leg options and futures strategies via RFQ, dedicated future-roll order books, RFQs for any-size multi-leg strategies, and a market-maker scheme with protection and strong connectivity. The exchange uses an efficient liquidation process with automated delta-hedging and liquidation auctions to limit market impact and enable orderly reduction of complex risks. The platform is available for public testing at www.thalex.com and is due to go live soon. Thalex intends to use the new funding to expand operations and business reach and is in the process of being authorised as a regulated DLT provider by the Gibraltar Financial Services Commission.

Participated · Series B · Aug 2021

Blockstream is a Bitcoin and blockchain infrastructure company offering sidechain technology (Liquid Network) for Bitcoin swap settlements and enterprise smart contracts, colocation services for miners, the Core Lightning implementation, and the open-source Blockstream Jade hardware wallet. Led by CEO Dr. Adam Back, the company provides enterprise-class mining facility services and software for Lightning Network deployments. Blockstream announced a USD125M raise via convertible note and secured loan financing. The company intends to use the funds to expand its renewable-energy mining products and continue developing its own bitcoin miner. Management said the fundraise will help accelerate year-over-year revenue growth created with its 2021 Series B. The firm is based in Montreal, Canada. Blockstream builds Bitcoin and blockchain infrastructure products, including the Liquid Network, enterprise mining services, a cryptocurrency data feed with ICE, and the Blockstream Green wallet. Founded in 2014 and headquartered in Victoria, BC, it operates with distributed teams led by CEO Dr. Adam Back. The company raised $210M in a Series B at a $3.2B valuation and will use the capital to develop Bitcoin-focused financial products and to expand the Liquid Network. Blockstream also acquired Spondoolies’ intellectual property and core team to establish an ASIC arm and advance its mining hardware capabilities. It is developing Blockstream Energy to maximize renewable energy returns at power production sites and plans to deploy new mining infrastructure in partnerships worldwide, including a collaboration with Square on an open-source, solar-powered mining facility in the U.S. Since launch, the Liquid Network has amassed more than $1.1 billion in network value. Blockstream Mining operates bitcoin mining facilities and announced a partnership with Square to advance renewable mining. Square will invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream's U.S. sites. Blockstream said the facility will be a proof-of-concept for a 100% renewable-energy Bitcoin mine at scale. Square described the collaboration as part of its Bitcoin Clean Energy Initiative in a tweet. The project is framed as an open-source effort, indicating Blockstream intends to make designs accessible. The article does not disclose revenue, users, or other operating metrics. Blockstream develops blockchain infrastructure and sidechain technology under the open-source Elements Project. Its first commercial sidechain product, Liquid, provides an interchange settlement service for Bitcoin exchanges and brokerages. The company plans to use the new funding to bring sidechain-based blockchain innovations to market, expand operations globally, and support industry partners. Blockstream also announced a strategic partnership with PwC to apply its capabilities to established industry sectors. The company was founded by Austin Hill, Dr. Adam Back, Gregory Maxwell and Dr. Pieter Wuille. Blockstream is a San Francisco-based startup co-founded by Austin Hill and Adam Back that focuses on advancing Bitcoin's core technology. The company plans to extend Bitcoin through sidechains and develop new ways to accelerate innovation in cryptocurrencies, open assets and smart contracts. It recently released a “sidechains paper” describing its initial area of focus. Blockstream raised $21m in seed funding to support those efforts. The round and the company’s work are aimed at supporting massive scaling of Bitcoin and blockchain technology to a broad range of asset types. Nearly 40 investors participated in the seed round to back the protocol-level development efforts.

Led · Equity · Sep 2020

Dusk Network is a Dutch fintech scale-up that develops a privacy-focused blockchain designed for token issuance, trading and smart-contract collaboration while preserving personal and transaction confidentiality. Founded in 2018 and based in Amsterdam, the startup aims to power a regulated security token exchange that bridges traditional finance and the blockchain ecosystem. Companies will use the Dusk Network infrastructure to issue tokens, trade assets and meet compliance requirements at scale. The project targets tokenized products such as ETFs, commodities, shares, bonds and novel blockchain-native assets to increase liquidity and broaden qualified investor access. The company says its collaboration with iFinex/Bitfinex will provide expertise and a user base to accelerate launch and development. Prior to this round, the team previously raised €7.4 million in funding led by Blockwall, Maven 11, Olymp Capital, Wentworth Hall Family Office and others. Dusk Network is a cryptocurrency protocol that enables compliant, scalable and privacy-oriented issuance and transfer of security tokens on the blockchain. It implements a real-time payment channel (a pay-as-you-go model) and rapid peer-to-peer data communication to support private data exchange and ownership transfers. The Dusk Standard aims to serve as the equivalent of ERC-20 for STOs, with Dusk tokens used as the standard for security token issuance. The company plans listings of Dusk tokens on Ethfinex and Bitfinex and seeks to become a one-stop platform for fully compliant onboarding of institutional and traditional investors. Dusk maintains partnerships with Blockventure coalition, Switcheo Network, GSR, and Blonde 2.0 to grow its community and ecosystem. Olymp Capital has made a strategic investment and partnership to help deliver STO value to clients and support Dusk’s market development.

Participated · Seed · Jul 2016

Netki provides a service that lets bitcoin and cryptocurrency users translate easy-to-remember names like wallet.domain.net into Bitcoin and other cryptocurrency wallet addresses. The company is also developing a digital identity certificate for the blockchain. Netki intends to use newly raised funds to continue developing its technology and to expand operations. It raised $3.5M in funding in 2016. Netki was founded in 2014 and is based in Canoga Park, California. The company was founded by Justin Newton and Dawn Newton.