Led · Equity · May 2026

Foundation produces Passport Prime, a programmable security device running KeyOS, a Rust microkernel operating system developed over three years. Passport Prime ships with a Bitcoin hardware wallet, FIDO security keys, 2FA storage, a secrets vault, and 50GB of encrypted file storage, and began shipping to pre-order customers in March before opening general availability in May 2026. KeyOS is open source and includes QuantumLink, a post-quantum-secure Bluetooth protocol; Foundation offers an SDK, simulator, CLI tooling, and a developer program to build apps and agent workflows for the device. The company plans a KeyOS app store rollout to all users by the end of Q2 and highlights integrations such as Cake Wallet for cold storage. Foundation's hardware is manufactured in the USA in an ITAR-compliant facility. The firm is expanding its remit from Bitcoin self-custody into identity, multi-factor authentication, and AI agent authorization, and has raised $16.5 million in total funding to date.

Participated · Seed · Mar 2026

Utexo is developing a Bitcoin-native execution and settlement layer that lets payment operators process USDT stablecoin transactions instantly with predictable costs and privacy. Its API and SDK combine the Lightning Network’s real-time transaction capability with RGB’s privacy-preserving asset issuance to remove the technical complexities of routing stablecoin payments on Bitcoin rails. By abstracting custody, compliance workflows, and user-experience changes, the platform enables operators to integrate Bitcoin-based settlement without rebuilding their systems. Led by Viktor Ihnatiuk and Chris Hutchinson, the company positions itself as critical infrastructure for stablecoin payment providers seeking speed and discretion. The freshly raised capital will be directed toward expanding operations and accelerating product development. No revenue, user, or other operating metrics were disclosed in the article.

Participated · Equity · Nov 2025

CAEX is a newly formed Vietnam-based cryptocurrency exchange established within the VPBank ecosystem with founding shareholders VPBank Securities and LynkiD. The exchange has raised strategic capital from OKX Ventures and HashKey Capital to bring its capital base to roughly $380 million and qualify for Vietnam’s pilot licensing program under Resolution 05/2025. CAEX will leverage VPBank Securities for financial backing and governance and LynkiD for core technology and digital identity services. As part of the investor partnership, OKX and HashKey will support CAEX on infrastructure, security, compliance, and liquidity. The timing of the fundraise aligns with Vietnam’s new Digital Technology Industry Law and stronger anti‑money‑laundering requirements aimed at bringing crypto activity onshore. CAEX’s positioning targets participation in a limited government pilot expected to grant licenses to a handful of domestic exchanges as regulators seek to curb offshore trading.

Led · Equity · Nov 2025

FUTURE positions itself as Switzerland’s premier Bitcoin Treasury Company, operating a balance-sheet-driven platform that accumulates, custodies and manages Bitcoin for institutional clients. Its integrated model spans four pillars: treasury operations, proprietary research and analytics, secure wallet and treasury infrastructure, and advisory services, including the planned Future Bitcoin Forum 2026. The firm emphasizes Switzerland’s favorable monetary conditions and regulatory clarity as strategic advantages. Leadership includes Chairman Richard Byworth and CEO Sebastien Hess, supported by co-founders Marc Syz, Julian Liniger and Hashcash inventor Adam Back, blending deep Bitcoin and traditional-finance expertise. Although operating metrics such as revenue or assets under management were not disclosed, the company highlights a “strong Bitcoin balance sheet” as the foundation for growth. The freshly secured CHF 28 million provides capital to expand its institutional platform and scale product development.

Participated · Equity · Oct 2025

Hercle is an institutional-grade infrastructure platform bridging fiat, stablecoins and digital assets to facilitate high-value, cross-border transactions in real time. Its system combines deep stablecoin liquidity with local bank integrations and proprietary settlement rails spanning 30 digital assets and 25 currencies, allowing 90% of transactions to complete in under five minutes. Since its 2019 launch, the company has processed more than $20 billion in transaction volume for over 200 institutional customers, including banks, brokers, payment service providers and fintechs. Typical use cases range from commodity traders settling $30 million grain shipments to payment companies moving $50 million in customer transfers within minutes. Operating from a dual regulatory base in Europe and Switzerland, Hercle aims to serve as the core liquidity layer for institutional stablecoin settlement. The newly raised capital will fund expansion into South America, the Middle East and Africa, advance its API stack and product offerings, and extend its regulatory footprint and network of integrations across payment systems, banks and on-chain finance.