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The Venture Codex

Gains Associates

Paris, Ile-de-France, France

Overview

Gains Associates took an early interest in Bitcoin and started investing in ICOs.

Total investments
10
Lead investments
1
Investments · 12mo
1
Active investors
1

Sector focus

  • Bitcoin
  • Cryptocurrency
  • Financial Services
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Investment portfolio

  • AetheriumX

    Participated · Equity · Jan 2026

    AetheriumX operates an interactive on-chain growth system that converts users’ non-custodial assets into participatory, composable yield strategies via its Distributed Capital Intelligence Protocol. The platform integrates DeFi, GameFi, prediction markets, and creator-economy functions, all coordinated by a programmable strategy execution layer. Its dual-token structure assigns AXT to ecosystem participation and strategy execution, while VEXA governs risk management and coordination, aiming to discourage short-term speculation and foster sustainable collaboration. The infrastructure is designed around auditability and transparent governance, ensuring all yield generation and decision-making processes are verifiable on-chain. With the newly secured capital, AetheriumX plans to optimize DCIP, expand core modules, and establish an ecosystem fund to back developers, studios, and community nodes. The company will also pursue aggressive ecosystem expansion in the Asia-Pacific region, particularly Japan and South Korea. 2026 marks the project’s shift from foundational validation to large-scale ecosystem growth, supported by the $8 million strategic financing announced.

  • Sekuya

    Participated · Equity · May 2024

    Sekuya is an anime-game metaverse platform. It aims to transform the gaming landscape through a community-oriented approach set in a new anime epic fantasy world. The platform focuses on blending anime and gaming elements within a metaverse environment. Sekuya announced the completion of a $1.6 million financing. The round was led by SingularityDAO and included OIG Capital, GAINS Associates, NewTribe Capital, SEED THRIFT VENTURES, Bigger Than Race VC, and angel investors Casiraghi Mario A., SingularityNET, R1n, and W3GG. The article does not report operating metrics.

  • GEMS

    Participated · Initial Coin Offering · Apr 2022

    GEMS is an Esports 3.0 aggregator platform that integrates GameFi, Metaverse and SocialFi through a unique O2O (online-to-offline) ecosystem. Its product is positioned as a one-stop GameFi destination enabling crypto and esports gamers to learn, connect and immerse across online and offline touchpoints. The company says it partners with more than 80 blockchain and esports companies and counts LABS Group and Arena Esports Hotel among its founding partners. GEMS plans aggressive global expansion with a primary focus in Asia and intends to list on top launchpads in the coming months to recruit early adopters. Financially, GEMS is pursuing a token raise and has secured additional capital commitments to accelerate product development and user acquisition. GEMS is an Esports 3.0 aggregator platform that combines GameFi, Esports, Metaverse and SocialFi to create an online-to-offline (O2O) gaming ecosystem. The platform planned a Q2 2022 launch and raised 5,000,000 USDT, securing support from 30+ venture capital firms and 45+ ecosystem and solution partners. GEMS reports having outreached 800K+ users and names over 32 VCs among its backers, including OIG, Gain Associates, Crypto Vietnam, Kenzo Ventures and Plutus.vc. Its O2O strategy pairs an online platform with an offline hotel network across Asia (Southeast Asia initial focus) and a stated goal to establish 50 hotel touchpoints within three years. The company outlines five core business pillars — including an NFT Marketplace and DeFi Union, a FanFi Studio, a DAO Guild and a Play-to-Earn Arena — with payment and loan models intended to lower NFT entry barriers. GEMS highlights alliances with LABS Group, Arena Esports Hotel and Game One Inc. as part of its strategic support and is headquartered in Seychelles.

  • Deliq Finance

    Participated · Equity · Mar 2022

    Deliq Finance is a decentralized liquidity provisioning protocol built on the Avalanche blockchain to enable fast, scalable, low-fee EVM-compatible operations. Its core product is a Liquidity-by-Staking model that aggregates single-sided deposits into Deliq Liquidity Pools (DLPs) and deploys liquidity to exchanges to reduce slippage. Liquidity Providers stake assets into DLPs to earn yields while Liquidity Directors (market makers, DAOs, VCs) stake DLQ to direct aggregated liquidity to exchanges such as Trader Joe and Pangolin. DLQ is the native token (total supply 100 million, minted in phases with decreasing inflation) and is used for staking, directing liquidity, and rewards. The protocol aims to enable protocol-owned liquidity and long-term, cost-efficient liquidity bootstrapping for new DeFi projects. Deliq has announced an upcoming DLQ IDO on Polkastarter and plans to use IDO proceeds to seed liquidity into DLPs.

  • Folks Finance

    Participated · Seed · Jan 2022

    Folks Finance is a remote DeFi hub that lets users lend, borrow, trade and manage digital assets across multiple blockchains. Its core product is the xChain app, which enables cross-network lending, borrowing and trading across Avalanche, Base, Ethereum, Arbitrum and BNB Chain. The company plans to accelerate crosschain expansion of xChain and integrate many more networks in the near future. Since its 2022 mainnet launch Folks powers over 15,000 active wallets monthly and is the largest DeFi app on Algorand, with an all-time high TVL of $220 million. Led by CEO Benedetto Biondi, Folks has raised $6.2M in total funding to date, including the new Series A at a $75M valuation. Folks Finance provides a borrowing and lending protocol built on top of the Algorand blockchain. Users can deposit liquidity to earn continuous economic returns and request crypto loans by locking deposited funds as collateral. The company completed a protocol design review and is currently in the smart contract security verification phase. It plans an official launch on the Algorand TestNet early this year and will release Folksy Guys, an NFT collection for the Folks Finance community. The team will publish a research paper on the protocol economic model soon and is working to establish milestones for version 2.0. Folks Finance is the result of research and engineering by Blockchain Italia and is led by CEO Benedetto Biondi. The company raised $3M in Seed funding to expand operations and accelerate growth.

Team