Participated · Series A · Jul 2026

Velocity offers a stablecoin payments and treasury platform designed for global CFOs and treasurers, combining regulated stablecoins with traditional banking rails, compliance, custody, liquidity management and settlement orchestration. The platform aims to enable near-instant settlement, reduce prefunding requirements and improve liquidity management for merchants, payment providers, fintechs and financial institutions. Velocity positions its technology as a bridge between traditional payments/banking systems and stablecoin networks to fit existing treasury workflows. Founded in 2025, the company has raised nearly $50 million in capital since May 2025, including the $38 million Series A. Velocity plans to use the funding to expand its global banking and payments network, accelerate product development and deepen regulatory capabilities to support enterprise adoption.

Participated · Equity · May 2026

Squid operates a connected multi-chain platform that reaches ecosystems without contracts, including Bitcoin and XRPL, and supports more than 100 networks. Its execution layer, Squid Intents, routes cross-chain transactions to market makers for fulfillment and settles them using Trusted Execution Environments (TEEs) rather than deploying contracts on every chain. The platform supports over 20,000 tokens across major ecosystems and has facilitated more than $6B in lifetime volume since its January 2023 launch. Squid plans to use the new funding to accelerate expansion into consumer products. The company is headquartered in Zug, Switzerland.

Participated · Series C · Mar 2026

Founded in 2017, Keyrock began as a specialised market-making operation and has expanded into a broader institutional financial services platform for digital assets. It now operates across more than 80 centralized and decentralized trading venues and offers market making, OTC execution, options, and digital-asset-focused asset management. The firm employs over 200 professionals and has established entities in Belgium, the UK, Switzerland, France, and the United States. Keyrock positions itself as a long-term infrastructure partner connecting traditional institutions with fragmented crypto and tokenized markets. The company has pursued acquisitions to build scale, including the $27.8 million purchase of Luxembourg-based Turing Capital. Following its Series C, Keyrock is valued at $1.1 billion and is using new capital to strengthen its balance sheet, expand services, and pursue further targeted acquisitions.

Participated · Series B · Mar 2026

Tazapay provides regulated last-mile payment infrastructure built on modern digital settlement rails to enable real-time, capital-efficient cross-border settlement for businesses. The platform targets enterprises, marketplaces, fintechs, neobanks, and web3 companies across high-growth corridors in Asia, LATAM, the Middle East, and the Americas. Tazapay holds licences and registrations across Singapore, Canada, Australia, and the United States and has active licensing applications in the UAE, EU, and Hong Kong. The company reports doubling revenues for three consecutive years and serves over 1,000 enterprises and fintechs across 30 countries, while stating it powers access across 70 markets globally. Future plans highlighted by the company include further licensing expansion, go-to-market acceleration in key corridors, and development of agentic payment infrastructure and a flexible rules engine to support autonomous, AI-driven payment flows.

Participated · Series B · Mar 2026

Crossover Markets builds and operates CROSSx, one of the industry’s first execution-only electronic communication networks (ECNs) for spot cryptocurrency trading. The platform offers single-digit-microsecond matching, anonymous and disclosed bilateral liquidity pools, advanced order types and FIX connectivity designed for high-frequency and algorithmic strategies. Since launch, CROSSx has processed more than $50 billion in notional volume across 12 million trades and now supports nearly 100 live institutional participants. Headquartered in Wilmington, Delaware, the company positions itself as a neutral execution layer that eliminates conflicts of interest common on centralized exchanges. With its new capital, Crossover plans to enhance the CROSSx technology stack, expand global operations and deepen integrations with institutional partners such as Tradeweb. Management believes the collaboration with Tradeweb will extend the firm’s global distribution and embed traditional electronic-trading standards into digital assets. The firm’s growth strategy centers on servicing the rapidly converging traditional-finance and crypto markets while maintaining best-in-class speed, transparency and execution quality.