Participated · Equity · Jan 2026

Tria operates a next-generation, on-chain neo-bank that lets users spend, trade and earn yield while retaining self-custody of their assets. Its proprietary BestPath payment infrastructure, developed over the past two years, is already integrated with more than 60 leading protocols including Polygon, Arbitrum and Sentient. Since launching just four months ago, the platform has processed over US$100 million in cumulative transaction volume, attracted more than 150,000 active users and built a 10,000-member global ambassador program. Annual recurring revenue has surpassed US$20 million, and the company has distributed more than US$1 million in community rewards. Users in 150+ countries can access a Visa-branded card that offers 6 % cashback and zero transaction fees, contributing to what the article calls the fastest growth trajectory among Web3 neo-banks. In the first half of this year, Tria plans to roll out institutional services, introduce futures trading, travel payments, prediction markets and fiat on/off-ramp functionality. The roadmap also includes delta-neutral yield products for retail investors, AI-powered financial agents and private on-chain banking features. Management is targeting US$1 billion in cumulative transaction volume and US$100 million in annual revenue by year-end.

Participated · Seed · Dec 2025

Billions Network has built an identity-verification platform that allows users to prove who they are without revealing personal data by employing Zero Knowledge Proof (ZKP) technology. Its architecture combines Circom- and Privado ID-based ZK circuits with NFC document authentication and real-time liveness checks to minimize spoofing and forgery. Users who participate in verification receive BLNS tokens, while token burns tied to network usage are designed to sustain long-term value and underpin a growing reputation system. Polygon Labs is working with the company to help deploy the service on Ethereum Layer-2 and enable multichain expansion. Looking ahead, the team plans to leverage these partnerships to push broader on-chain distribution and real-world adoption. Financially, Billions Network has secured a $35 million seed round from leading crypto investors, providing capital to scale the product and ecosystem.

Participated · Seed · Dec 2025

Pheasant Network, developed by PG Labs, integrates artificial intelligence with intent-based execution to simplify and optimize decentralized finance (DeFAI) activity across multiple blockchains. Its Optimistic Interoperability mechanism has already processed more than $200 million in cross-chain transaction volume while delivering some of the market’s fastest speeds and lowest fees. The platform currently connects Ethereum with over 30 Layer-2 ecosystems, letting users state desired outcomes while the system determines the most efficient route. With fresh capital, the team plans to expand the utility of its PNT token, roll out AI-assisted routing and automated yield flows, and add support for multi-stablecoin and real-world-asset use cases. The roadmap also features a utility-focused Pheasant NFT series, one-click cross-chain actions, and adoption of emerging intent standards such as ERC-7683. A newly launched Pheasant Points loyalty program will visualize user contributions and engagement. Backed by foundations such as Ethereum, Optimism, and Polygon, the project aims to deliver a unified, AI-driven user experience for DeFi participants.

Participated · Seed · Dec 2025

PG Labs (株式会社PGL) positions itself as a "Public Goods" Web3 studio dedicated to "putting every asset on-chain." The company offers end-to-end planning, development, global marketing, and treasury support for Web3 projects built on Ethereum and its Layer-2 ecosystem. A core in-house product is Pheasant Network, an interoperability protocol that connects Ethereum with more than 30 Layer-2 networks and has already processed over ¥30 billion in cross-chain transactions using its proprietary “Optimistic Interoperability” design. PG Labs has received multiple grants from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and other Layer-2 projects, validating its technical contributions to public-goods infrastructure. With fresh seed funding, the company will double down on Pheasant Network development, expand research on Ethereum and Layer-2 technologies, and scale its enterprise support services in Japan. Approximately half of its newly raised capital is held in ETH and USDC, and part of the idle treasury will be actively managed to reinforce its financial base.

Participated · Equity · Oct 2025

Fanable, built by Ethernal Labs, offers a hybrid marketplace where items such as Pokémon cards, comics, games, and tapes are stored in Brink’s vaults while corresponding blockchain certificates allow verified digital trading. The platform manages logistics, insurance, and storage so collectors can focus on buying, selling, and trading through its iOS, Android, and web apps. Fanable has processed more than 20,000 sales transactions to date and reports that transaction volume is doubling month-over-month, underscoring rapid traction. Revenue figures were not disclosed, but the company’s royalty system ensures original submitters earn a fee on every resale, creating recurring value streams. Future plans include rolling out additional Web3-native features, expanding availability to more countries, and deepening engagement in what it calls the world’s largest Pokémon ecosystem. Fanable is also partnering with the Collect Foundation to introduce the $COLLECT governance and loyalty token, currently in a point-farming phase. By merging physical authenticity with digital liquidity, Fanable aims to redefine how fans interact with and monetize their prized collectibles.