Participated · Seed · May 2026

Founded in 2025 and based in Lisbon, Ekiden is developing a decentralized derivatives trading platform designed for high-frequency and algorithmic trading by professional users, trading firms, and market makers. The team is building on Arbitrum and emphasizes faster trade execution with on-chain settlement to preserve transparency and user control. Ekiden's approach is informed by founder Vitali Dervoed's background in capital markets and work linked to Neon EVM, RockawayX, and Mango Markets. The company aims to support advanced and automated trading strategies through integrations and strategic partnerships. Financially, Ekiden completed a €1.7 million Seed round at a €17 million valuation and plans to deploy the capital toward audits, product development, hiring, and scaling liquidity.

Participated · Seed · Apr 2026

Enhanced Labs develops options-based yield strategies designed to sit on top of existing DeFi and tokenization rails rather than compete with spot lending or simple staking. The firm plans to extend those structured strategies to a broader set of on-chain assets, including tokenized real-world assets such as treasuries, credit and commodities. It aims to package exposures so they can be deployed programmatically while remaining accessible to institutions that require clearer risk parameters. The company targets the intersection of market-making, derivatives and on-chain liquidity, as reflected by participation from firms like GSR, Selini and Flowdesk in its financing. Enhanced Labs is U.S.-based and used its $1 million pre-seed to fund product development, operations and go-to-market activities. The articles note the pre-seed is modest but viewed as a signal that trading firms see potential in options-based yield on tokenized RWAs.

Participated · Seed · Feb 2026

Birch Hill Holdings is an institutional digital asset infrastructure firm that structures on-chain lending strategies and tokenized asset market access for fiduciaries. Its core offering combines traditional credit-market discipline with blockchain settlement efficiencies, anchored by the Birch Hill Collateral Risk Framework that delivers real-time oversight of collateral quality, liquidity conditions, and pricing data integrity. The platform works with institutional service providers for custody, monitoring, identity verification, and audit to ensure a fully compliant operating environment. Birch Hill’s founding team previously built structured credit products at Goldman Sachs and institutional risk systems within BlackRock’s Aladdin platform, later spinning up a digital asset research unit now operating as Birch Hill Labs. With the newly raised capital, the company will grow its technical risk and engineering teams and pursue regulatory registrations needed to serve institutional clients. Initial lending strategies are rolling out through established blockchain lending platforms, with plans to expand into a broader suite of institutional credit offerings tailored to varying compliance and risk requirements. Based in New York, Birch Hill has so far secured $2.5 million in pre-seed funding to fuel these initiatives.

Participated · Series B · Jan 2026

Superstate builds tokenization technology and digital transfer agent infrastructure to create on-chain investment products intended to improve liquidity, accessibility, and operational efficiency. The company is commercializing a tokenized fund, the Superstate Short Duration US Government Securities Fund (USTB), for which Invesco Advisers, Inc. is expected to become the investment manager in Q2 2026. Superstate has entered a strategic partnership with Invesco that includes an equity investment from Invesco Private Capital as part of its ongoing Series B. Beyond USTB, Superstate and Invesco plan to collaborate on additional tokenized investment offerings. The partnership signals growing institutional interest in Superstate’s technology and aims to scale its role in modernizing capital markets infrastructure.

Participated · Equity · Oct 2025

Turtle has built a liquidity distribution protocol that curates opportunities, consolidates liquidity, and routes it to DeFi partners via a data-driven coordination layer. The platform currently serves an expanding network, linking more than 358,000 wallets and routing over $5.5 billion in liquidity. To date, the company has generated more than $6 million in revenue, illustrating the sustainability of its model compared with short-term incentive schemes. Led by CEO Essi Lagevardi, Turtle is now focusing on accelerating the rollout of its Earn infrastructure, enlarging its engineering team, and deepening multi-chain integrations. The recent capital injection lifts its total external funding to $11.7 million. These resources are intended to fuel further product development and ecosystem expansion across multiple blockchains.