The Venture Codex

Participated · Series A · Apr 2024

Centrifuge builds a middleware stack for tokenization, covering token issuance, asset management and onchain composability while abstracting institutional-grade technical complexity. Its deRWA framework on Base aims to wrap institutional assets into tokens that can interact with DeFi where legally permitted. A flagship example is deSPXA, a tokenized exposure to an Anemoy S&P 500 fund created with S&P Dow Jones Indices and managed by Janus Henderson. Centrifuge has worked with clients such as Apollo, Janus Henderson and S&P Dow Jones Indices to tokenize complex assets. The company is positioned to help managers, originators, fintechs and DeFi protocols launch vaults without building infrastructure from scratch. As part of the Coinbase strategic investment and Preferred Tokenization Infrastructure designation, Centrifuge seeks to scale distribution and liquidity for tokenized assets while maintaining compliance constraints (noting offerings like deSPXA are limited to non-U.S. eligible investors under Regulation S).

Participated · Seed · May 2023

Concordex is an institutional‑grade liquidity management decentralized exchange (DEX) built on the Concordium blockchain. It aims to deliver regulation‑friendly DeFi by leveraging Concordium’s embedded identity verification layer to enable compliant participation by users and institutions. Features include simple trading interfaces, concentrated liquidity, flexible fee levels for liquidity providers, and planned on‑chain derivatives and tools for institutional investors. The project is developed by DeFi venture builder Tacans Labs and lists core team members including CEO Mathias Lundoe Nielsen, James Davies, Ivan Ivaschenko, and Marie Tatibouet. Concordex raised $1.7 million in seed funding in December 2022 from Tacans Labs, Skynet Trading, Seier Capital, and the Concordium blockchain and plans to launch its public testnet on May 25, 2023. The team aims to ship the platform on Mainnet in Q3 2023 and positions itself as a bridge between TradFi and DeFi.

Participated · Seed · Nov 2022

Veax is a decentralized exchange (DEX) that offers single-sided liquidity management and integrates traditional finance features with decentralized infrastructure. Built natively on the NEAR blockchain, the platform aims to enable centralized exchange and TradFi users to transition into DeFi by offering familiar TradFi-empowered functionality alongside on-chain liquidity flexibility. The company is led by CEO Mathias Lundoe Nielsen and CPO James Davies. Veax raised $1.2M in pre-seed funding to launch its platform and expand operations and business reach. According to its roadmap, the project plans a v1 Testnet launch in early December, a Mainnet launch by the end of the year, and a public token sale scheduled for Q1 2023. The raise and roadmap position Veax to move from research and testing into public deployment later in the stated timeline.

Participated · Seed · Apr 2022

RociFi is building a Layer 1, permissionless, multi-chain credit economy to enable zero- and under-collateralized peer-to-peer lending for Web3 users. The protocol leverages on-chain data, machine learning, and decentralized identity to score borrower trustworthiness and facilitate loans. RociFi’s scoring process aims to let lenders price risk and lend according to borrowers’ on-chain credit profiles, including exploration of NFT-based identity. The company is currently running a testnet and anticipates a phased, full-scale mainnet launch by quarter two of this year as a fully decentralized, permissionless entity. RociFi closed a $2.7 million seed round in November 2021 and plans to use the funds to expand the RociFi Labs team, increase engineering headcount, and take the product to market. Management frames the protocol as a way for individuals to use their established DeFi presence to access capital outside traditional finance structures.

Participated · Seed · Dec 2021

Solice is an open 3D VR metaverse built on the Solana blockchain that enables users to play, build, own, socialize, and monetize virtual experiences. Its core product is a cross-platform immersive VR world emphasizing user ownership and tokenized assets. The team plans a rapid expansion, onboarding veterans from the traditional gaming industry and blockchain. Solice aimed to deliver a soft launch within the next 3 to 4 months in 2021 Q1. The company also intends to allocate a portion of its total token supply to a public sale for community members, with details to be released on its official social channels. Financially, Solice closed a $4.36M seed and private sale to fund development and launch activities.