Participated · Seed · Apr 2025

Terminal 3 builds data infrastructure for a decentralized future, leveraging blockchain and privacy-enhancing technologies to enable secure, self-sovereign storage and fully private access. Its platform focuses on decentralized identity and credentials for enterprises across banking, government credentials, social media, and marketing. The company uses technologies such as zero-knowledge cryptography and recently announced an authentication and authorization platform for AI agents. Terminal 3 plans to launch a novel data privacy and security protocol later in the year and to accelerate adoption of its enterprise solutions. The company already serves nearly 8 million users across multiple blockchains and industries. The founders are former executives with experience at companies including Google, Spotify, Microsoft, and Uber, and previously led digital transformation at the South China Morning Post. Terminal 3 is a Hong Kong-based Web3 startup building a platform that combines decentralized storage and zero-knowledge proofs. The company says its technology aims to empower an equitable Web3 where user data is freely composable while remaining private and secure. It was co-founded by Gary Liu alongside Malcolm Ong (CPO) and Joey Liu (COO). Terminal 3 raised a pre-seed funding round of undisclosed amount. Backers named in the announcement include 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, and others. The company intends to use the funds to continue to build its platform.

Participated · Equity · Mar 2025

Rain delivers a full-stack, compliant payments platform that lets enterprises issue stablecoin cards, offer rewards, convert fiat to stablecoins, power wallets and execute global payouts through a single partner. As a Visa Principal Member, its cards work anywhere Visa is accepted, supporting millions of purchases in more than 150 countries. The network already moves more than $3 billion in annualized transaction volume for over 200 partners such as Western Union, Nuvei and KAST, and the programs built on Rain can reach over 2.5 billion people. During the past year the company’s active card base expanded 30× and its annualized payment volume climbed 38×, signaling fast market adoption. Total funding now exceeds $338 million and the latest round pegs the company’s valuation at $1.95 billion, a 17× increase in ten months. Looking ahead, Rain intends to extend its licensed footprint across North America, South America, Europe, Asia and Africa, deepen its platform through strategic acquisitions, and develop new products that make stablecoin payments seamless for businesses and consumers.

Led · Equity · Feb 2025

Olyn provides filmmakers a direct-to-consumer streaming and commerce platform that includes DRM, 4K streaming, casting, full landing pages, geo-targeting, analytics, and audience data. Its distribution model leans on influencers, film critics, bloggers and creators embedding purchase links to drive referrals rather than relying on major streaming platforms. The company says filmmakers can retain up to 90% of their revenue and can monetize based on viewership, while gaining audience data such as country, minutes watched, and a database of users. Olyn has been used to debut films such as the Brian Epstein biopic "Midas Man" (via Studio POW) and founder Malcolm Wood previously launched his film "The Last Glaciers" on the platform. The team positions the product as a way to combat piracy by enabling instant paid access worldwide and to help independent filmmakers build and own their audiences. Leadership has stated a long-term vision of moving to a full SaaS model that lets filmmakers control what they distribute.

Participated · Seed · Nov 2023

CFX Labs is a Chicago, IL-based payment network company led by CEO Nick Cavet. It enables global users to leverage blockchain within a secure closed-loop system to reduce international remittance costs, fraud, and settlement times. The platform integrates with key payment infrastructures in the United States, Mexico, Brazil, India, Nigeria and additional African countries. Offerings include the MoveMoney™ embedded wallet, enabling users to send and receive fiat instantly from brick-and-mortar locations across the U.S. at network affiliated locations including Walmart, CVS, Walgreens and Rite-Aid and others. The company ensures transactional security and compliance through robust AML/KYC measures. CFX Labs closed a $9.5M Seed funding round and intends to use the funds to expand its network reach and continue development of technologies supporting international payments.

Led · Equity · Apr 2023

Universal Ledger is a wallet-as-a-service platform that enables developers and engineers to build compliant digital wallet experiences via an API and event-driven architecture. The platform allows assets to be moved globally in real time and supports tokenized representations of currency to deliver digital financial services. Customers include businesses, NGOs, financial institutions, and governments seeking to use blockchain technology to provide economic benefits to citizens and customers. The company emphasizes identity-based trust in wallet operations. Universal Ledger is led by CEO Kirk Chapman. The company raised $10M in funding in a round led by Hard Yaka.