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.

Participated · Series B · Jun 2022

Prime Trust operates a suite of backend fintech and crypto infrastructure products that cover onboarding (AML/KYC/rails), monetization (trading and custody) and liquidity (IRAs and trading-related products). The company serves roughly 700 customers across exchanges, on-ramps, wallet apps, ATSs, RIAs, broker-dealers and banks and has grown its headcount to about 400. It plans to use new funding to launch a crypto-focused IRA retirement account, wealth-management offerings and crypto staking products, and to enhance support for tokenized products such as NFTs. Prime Trust is also investing in security and scalability improvements, including a new cloud architecture. The firm positions itself as a broad “one-stop-shop” backend provider for institutional clients that can pick and choose platform components. Prime Trust offers payment, settlement, KYC and liquidity APIs that management says cover the “full infrastructure stack” for neo-banks, crypto exchanges and other fintechs. The platform handles roughly 250 million API calls per month from clients including Binance.US, Kraken, Bittrex and Strike. Prime Trust has grown 448% year over year and is projecting an annual revenue run rate of $100 million; revenue has doubled every year since its custody wing launched in 2017. The company says its APIs are a central, “plug-and-play” part of the business and driver of client activity. With the new funding, Prime Trust plans an aggressive hiring campaign and to add systems to expand services beyond crypto into broader fintech use cases and alternative investments via tie-ups with neo-banks and registered investment advisors. Management intends the capital to support scaling across the organization as demand for its infrastructure grows.

Participated · Series C · Oct 2021

Halo Investing is a technology platform that provides protective investment solutions to financial advisors and investors. Through the Halo platform users can access structured notes, market-linked CDs, buffered ETFs, annuities, and a suite of tools to educate, analyze, customize, execute, and manage protective products. Co-founded by Biju Kulathakal and Jason Barsema in 2015, Halo is headquartered in Chicago with offices in Abu Dhabi, Zurich, Dubai, and Singapore. The company emphasizes putting "impact before profits" and aims to provide access to impactful investment opportunities previously unavailable to most investors. Halo raised over $100M in a Series C to expand operations, enter new markets and distribution channels, and invest in new asset classes. The funding is intended to support growth across its business reach and product offerings. Halo Investing is a Chicago, IL-based multi-issuer technology platform that provides structured notes to financial advisors worldwide. Led by co-founders Jason Barsema (President) and Biju Kulathakal (CEO), the platform aims to ensure transparency, competition, and price efficiency for investors. Halo's product includes structured note education, content generation, and independent secondary liquidity enabling advisors to understand, evaluate, and execute structured notes almost instantly. The company intends to expand its international footprint, change how structured notes are purchased, accessed and traded, and move into new asset classes. Financially, Halo closed a $12M Series B financing on June 6, 2019, to support those initiatives. Backers in the round included Allianz Life Ventures, an affiliate of Piton Investment Management, and William Blair Circle.