Wintermute Ventures
41 Lothbury, London, EC2R 7HF, United Kingdom
Overview
Wintermute Ventures is the investment arm of Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures is uniquely positioned to back early-stage Web3 projects with hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership, ensuring its investments align with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 100 projects.
- Total investments
- 23
- Lead investments
- 2
- Investments · 12mo
- 7
- Active investors
- 0
Investment portfolio
- Velocity
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.
- Morpho Labs
Participated · Equity · Jun 2026
Morpho Labs operates a decentralized lending and borrowing protocol that aggregates markets and allows users to create their own on-chain lending markets with bespoke risk parameters. The protocol had about $6.6 billion in assets locked and counts customers and integrators such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. Morpho was initially built on top of Aave before evolving into a distinct protocol that seeks to compete with incumbents by offering customizable markets and higher yields. The team includes cofounder Paul Frambot, who launched the project at age 20, alongside Merlin Egalite, Julien Thomas, and Mathis Gontier Delaunay. Morpho has experienced some security exposure tied to a broader exploit that affected Aave but has continued to grow adoption. The company has signaled plans to court traditional financial institutions as it further develops its protocol and market reach.
- UnblockPay
Participated · Seed · Mar 2026
UnblockPay provides an infrastructure of stablecoins and robust APIs that allow financial institutions and currency operators to execute cross-border transactions with speed, security, and regulatory compliance. The company positions its service as bringing international payment efficiency closer to the domestic experience enabled by Pix in Brazil. Leadership includes CEO Lucca Freire, who has prior fintech experience with Trampol.in and NG.Cash, and co-founders Pedro Henrique Braz Campo and Fabio Thiele. Coverage notes the startup is prepared to operate within Brazil’s new VASP framework from the central bank. The company’s platform targets institutions and FX operators rather than retail end users. The article does not disclose revenue, user metrics, or headquarters location.
- Crossover Markets Group
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.
- Based
Participated · Series A · Feb 2026
Based offers a composable Web3 consumer application that combines perpetuals trading, prediction markets, and real-world crypto spending—including a live crypto card—into one interface built on Hyperliquid-native foundations. The platform also provides modular on-chain infrastructure that partners can customize and deploy in their own products. Launched just eight months ago, Based has already attracted more than 100,000 registered users and 30,000 monthly active users across five regions, generating roughly $40 billion in cumulative trading volume. Beyond its consumer app, the company powers external venues such as HyENA, a Hyperliquid-native perpetuals exchange that has handled over $1.5 billion in volume within a few months of launch. With fresh capital in hand, Based plans to accelerate its global expansion and continue building out its on-chain financial infrastructure. The company’s ability to serve both end users and B2B partners positions it to capture multiple segments of the growing crypto economy.
Team
No current team members are available.