Participated · Equity · Jun 2026

Receipts Depositary Corporation is a Houston‑based depositary that issues depositary receipts (DRs) designed to let investors own digital and alternative assets through regulated, market‑eligible instruments. Its offerings provide issuer services, operational infrastructure, and market connectivity to connect asset issuers, intermediaries, and U.S. capital markets. The founders bring more than a decade of experience in the DR business, and the company states it is building a modern, technology‑driven depositary platform. RDC plans to expand its suite of DR products across additional asset categories and make certain offerings available to retail investors. The company is investing in capital markets infrastructure, go‑to‑market expansion, and strategic hiring to support upcoming product launches. RDC notes it is not a bank and is not registered as a broker, dealer, or investment adviser in any jurisdiction. The company recently raised $7 million to support these initiatives.

Participated · Series A · Nov 2025

ElectronX is building the first U.S.-regulated, direct-access exchange and clearinghouse for electricity derivatives. In August 2025, it secured both Designated Contract Market and Designated Clearing Organization status from the CFTC, enabling it to list fully collateralized, centrally cleared power products. The platform will launch next month with 1 MWh hourly futures and binary options for the ERCOT market, giving traders and asset owners intraday hedging tools that mirror physical power strategies. Additional contract suites for PJM, CAISO and other RTOs/ISOs are planned for 2026. Headquartered in Chicago with an office in New York, the company aims to address short-term price volatility as electrification and renewable penetration accelerate. ElectronX has raised more than $55 million to date, capital that supports technology development, regulatory compliance and market rollout.