Participated · Equity · Dec 2025

Axis develops a multi-asset, on-chain yield layer that ports institutional delta-neutral arbitrage strategies to public blockchains. Its first product, USDx, is a dollar-linked digital asset designed to preserve its peg while earning yield through Axis’s arbitrage engine; bitcoin- and gold-based instruments are slated to follow. In closed beta, the protocol has already deployed $100 million of limited-partner capital to stress-test its strategy, delivering a reported Sharpe ratio of 4.9 despite large price swings in underlying assets. Axis will launch on Plasma, a Bitfinex-backed stablecoin-focused chain, to minimize operating costs and boost yields. Infrastructure partners include Veda (vault infrastructure and custody), Accountable (independent reserve and performance verification) and Chainlink (on-chain proof-of-reserves and data feeds). Later this year the team plans to open its Origin Vault with a target of up to $1 billion in deposits, ahead of a public token sale and full protocol launch in early 2026. The company positions itself as a transparent, risk-managed alternative to opaque yield products currently available in DeFi.

Led · Equity · Dec 2025

Fogo is a next-generation layer-1 blockchain optimized for institutional-grade trading and decentralized finance workloads. Built on the Solana Virtual Machine (SVM), the network advertises block times of roughly 40 milliseconds—up to 18× faster than other high-performance chains such as Solana and Sui—and has reached a peak of 136,866 transactions per second on testnet according to Chainspect. The protocol incorporates custom MEV-mitigation features and near-instant finality to serve decentralized exchanges, launchpads, lending markets, and other real-time financial applications. At mainnet launch, about ten dApps—including the Valiant DEX, Moonit launchpad, Brasa liquid staking, and lending markets Pyron and Fogolend—are going live. Points-program participants can immediately convert their rewards into tradable FOGO tokens, which are listed on Binance, OKX, Bybit, Bitget, Gate.io, MEXC, LBANK, and Backpack. Fogo has funded development through multiple token and equity rounds, most recently a $7 million strategic token sale at a $350 million valuation. Prior financing includes an $8 million community-first crowdfunding via Echo in January 2025 and a $5.5 million seed round.

Participated · Seed · Nov 2025

Mu Digital is building an infrastructure layer that brings real-world, high-yield Asian credit instruments onto the blockchain. Its flagship products include Asia Dollar (AZND), which targets a 6–7% yield, and muBOND, which seeks to deliver yields of up to 15%. By tapping into Asia’s estimated $20 trillion credit market, the company aims to channel institutional-grade, yield-generating assets into decentralized finance. Mu Digital plans to launch its ecosystem on the Monad mainnet on November 24, positioning itself to capture early user and liquidity traction. The firm’s strategy revolves around creating compliant, yield-bearing stablecoins and bond-like tokens that can be easily integrated into DeFi protocols. While still pre-revenue, the fresh capital gives the team runway to finalize product launches, integrate with on-chain partners, and scale its asset-sourcing pipeline. The focus on regulated, high-yield credit differentiates Mu Digital from existing RWA tokenization platforms, potentially attracting both retail and institutional investors seeking stable income.

Participated · Seed · Sep 2025

Billy Bets builds AI agents and a natural-language Billy Terminal to discover and execute wagers across prediction markets and betting exchanges. The product runs on Base (Coinbase's Layer 2) and surfaces edges, routes wagers to the best available price, and enables one-click execution from users' wallets. Billy supports markets including Kalshi and Polymarket and offers customizable automated strategies and ROI tracking. The ecosystem is powered by a $BILLY utility token that unlocks staking rewards, loyalty incentives, and exclusive access; the company plans expanded token utility alongside its public launch. Founded and led by Jared Augustine and Joe O'Rourke, Billy has routed over $1 million in betting volume since June and reports growth of 23% per week. The company recently closed a $1 million pre-seed to accelerate the public launch of the Billy Terminal and personalized autonomous betting agents.

Participated · Equity · Jan 2025

Reppo builds a permissionless coordination layer where prediction-market mechanics and staking convert human judgments into verifiable on-chain signals for AI training. Its Datanets are focused sub-networks (e.g., medical, legal, gaming) that act as marketplaces for niche, multimodal data and can be spun up by AI agents or developers; the team aims to reach over 100 Datanets by June 2026. The REPPO token powers participation, requires staking for contributors, has a capped supply of 1 billion and includes deflationary mechanics to reward long-term holders. Reppo reports trading volumes exceeding $2 million in the past month and claims its system can deliver fresh human-vetted data every 48 hours. The protocol emphasizes financial incentives to improve data quality—rewarding accurate contributors and penalizing poor inputs—to address labeling noise and bias common in centralized datasets. Reppo has progressed from a $2 million seed round to the recent $20 million strategic commitment and plans to use the new capital to scale infrastructure, improve protocol throughput, and build integrations for AI teams.