Polychain Capital
548 Market Street, Suite 64375, San Francisco, CA, 94104, United States
Overview
The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committed to exceptional returns for investors through actively managed portfolios of these blockchain assets.
- Total investments
- 178
- Lead investments
- 105
- Investments · 12mo
- 24
- Active investors
- 10
Sector focus
- Bitcoin
- Cryptocurrency
- Hedge Funds
- Venture Capital
Investment portfolio
- Yellow Card
Participated · Equity · Aug 2026
Yellow Card builds stablecoin payment infrastructure and Global USD Accounts that let businesses hold U.S. dollars, manage treasury operations, swap stablecoins and send or receive local-currency payments across its network. The company has processed more than $10 billion in transactions, supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa. It counts strategic partnerships and customers including Visa, Mastercard, PayPal, Coinbase, Western Union and others. Yellow Card is focused on expanding its stablecoin rails to enable faster cross-border transactions and to connect banks directly to those rails. The company plans international expansion into Latin America, the Middle East, Europe and the Asia-Pacific region. Its recent financing has brought total equity funding to more than $120 million, which the company says will be deployed to scale product rollout and geographic reach.
- Cambrian
Led · Seed · Jun 2026
Cambrian provides real-time and historical blockchain data via an API covering yield, risk, lending rates, trading activity, liquidity positions and market sentiment, and is building a verifiable oracle network to serve institutions and AI agents. The platform has processed millions of API calls, currently indexes $4.5 billion in lending total value locked across the four largest lending protocols, tracks 1,789 vaults across 895 curators, and monitors over 320,000 decentralized exchange pools across Base and Solana. Cambrian is in private beta, with TrueNorth as a close design partner using its trading data in production. The company supports Base and Solana in production and plans to add Ethereum mainnet and additional blockchains. Revenue plans include SaaS subscriptions, enterprise contracts, and support for agent-based payment systems such as x402. The team includes former employees of Edge & Node and Semiotic Labs.
- Power.Win
Led · Equity · Jun 2026
Power.Win operates a blockchain-backed iGaming and entertainment platform offering independently RNG-certified, provably fair original titles such as Case Battles, Crash, and Plinko, alongside prediction markets, live poker rooms, and a sports betting engine. The platform also provides an engagement-first meta-game layer with XP-based ranks and integrated responsible gaming guardrails. It supports a full ecosystem of over 2,000 third-party game variants engineered for internet-first digital asset users. The company emerged from stealth concurrent with its $5M funding announcement. Management is led by its executive customer experience (CXO) team. With the new capital, Power.Win plans to expand transactional liquidity pools, grow its proprietary games library, scale sportsbook infrastructure, and bolster multi-jurisdictional licensing and compliance.
- Digital Asset
Participated · Series F · Jun 2026
Digital Asset builds and operates the Canton Network, a public, permissionless Layer 1 blockchain that provides protocol-level privacy and confidentiality guarantees and runs applications written in its open-source smart contract language, Daml. Canton is designed to enable tokenized asset workflows across multiple parties while keeping transaction data confidential, and it has attracted marquee institutional participants including Visa, Goldman Sachs, and DTCC. The network has processed or issued more than $6 trillion in tokenized assets according to prior reporting, and Visa became a Canton Super Validator and added Canton to a stablecoin settlement pilot. The Canton ecosystem has also seen activity such as a $540 million raise by Canton Strategic Holdings (formerly Tharimmune) to build a Canton Coin treasury and a project called Zenith completing atomic swaps between Canton and an EVM-compatible environment. On the financing front, Digital Asset raised $135 million in June 2025 and $50 million in December 2025, and is now pursuing a roughly $300 million round led by a16z crypto. The company is backed by trading firms and banks including DRW Holdings and Citadel Securities.
- Nava
Led · Seed · Apr 2026
Nava develops infrastructure to prevent autonomous AI agents from executing undesired financial transactions by holding funds in escrow until proposed transactions pass a verification framework. The company posts the reasoning behind accept/reject decisions on-chain to create a public ledger that other AIs can reference. Nava runs as a layer-3 blockchain on Arbitrum with a planned parallel deployment on Tempo. Its roadmap includes issuing a native stablecoin intended for underwriting agent actions and enabling future agent-insurance markets, as described in its whitepaper. Nava aims to serve both consumers protecting assets from agent misbehavior and institutions that require clarity between intent and execution. The company was founded by CEO Vyas Krishnan and co-founder Brianna Montgomery, who previously worked at EigenLayer.