L1D

Our thesis is that the blockchain industry will disrupt entire industries. The huge influx of talent and capital leads to rapid innovation, with impressive start-up teams racing to build the most secure, decentralized and scalable Layer1 protocols, as well as developing dApps reaching mass adoption. With the regulatory side and infrastructure improving, institutional investors are moving into the new asset class. There are in excess of 700 funds active in the space today, with strategies reaching from SAFTs and pre-ICOs to fundamental long-only, long/short trading, trend-following, arbitrage, and market-making. We want to provide investors with access to this new asset class, by - sourcing the best crypto and blockchain funds globally - diversifying across strategies, geographies and managers - providing institutional quality structuring, due diligence and monitoring.

Ray Hindi

Managing Partner

10 past transactions

VitaDAO

Venture Round in 2023
VitaDAO is a decentralized collective funding early stage longevity research Our mission is to extend human lifespan by researching, financing, and commercializing longevity therapeutics in an open and democratic manner. VitaDAO and its members are committed to nurturing and developing the intellectual property, licenses, and data sets that result from the projects it supports. Members can join VitaDAO by purchasing VITA tokens or earning them through contributions of work or Intellectual Property.

Nansen

Series B in 2021
Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with its real-time dashboards and alerts.

Amber Group

Series B in 2021
Amber Group is a crypto finance service provider that provides liquidity provision, trading, and asset management services. Amber Group was founded in 2017 by a group of finance professionals from Morgan Stanley, Goldman Sachs, and Bloomberg. Amber Group operates around the world and around the clock with a presence in Hong Kong, Taipei, Seoul, and Vancouver. The company provides services to 200+ institutional clients, cumulatively trading over $200 billion across 60+ electronic exchanges, with an average daily trading volume between $100-200 million. Amber Group is committed to serving clients around the globe by combining the best-in-class technology with sophisticated quantitative research to offer a streamlined crypto finance experience. Its goal is to optimize investment flexibility, maximize investment returns, and provide long-lasting value for its clients. In 2019, Amber Group raised $28 million in a Series A funding round led by global crypto heavyweights Paradigm and Pantera, with participation from Polychain Capital, Dragonfly Capital, Blockchain.com, Fenbushi Capital, and Coinbase Ventures.

Solana

Initial Coin Offering in 2021
Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The Solana network is validated by thousands of independent nodes, providing enhanced security and resistance against censorship.

Figure

Series D in 2021
Figure provides consumer financial solutions intended for home improvement, debt consolidation, and retirement planning. Its financial services include provide home equity release services such as home equity lines of credit, home improvement loans, and home buy-lease back offerings for retirement leveraging through blockchain, artificial intelligence, and advanced analytics, enabling customers to access capital in as few as five days.

Copper

Series B in 2021
Copper provides a secure infrastructure for the institutional digital asset investment community. Copper is a custody and portfolio management of digital assets for institutional investors. Asset managers are further protected by the ClearLoop network, which enables off-exchange trading and settlement at tier-1 digital asset exchanges. An offering enhanced by the availability of uncollateralized lending. Copper's secure wallet architecture is available as a standalone application, a mobile app, and a browser extension for smart contract signing.

BCB Group

Funding Round in 2021
BCB Group is a leading gateway to cutting edge banking solutions for the digital asset economy. We provide accounts and payments processing for the pillars of the industry including Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini, Huobi and Kraken in dozens of fiat and cryptocurrencies. Our clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. Responding to corporate and institutional demand for essential and excellent infrastructure in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s leadership executive team have worked for Barclays, Paysafe, Bitstamp, Coinbase, Credit Suisse, Deutsche Bank, FIS, Goldman Sachs, JP Morgan, Investec, Lloyds Commercial Bank, Luno, Norton Rose Fulbright, FIS and Sun Life of Canada. BCB’s mission is to connect and bank the global crypto industry.

Wintermute

Series B in 2021
Wintermute is a leading global algorithmic trading firm and one of the largest players in digital asset markets. With an average daily trading volume of over $5bn, Wintermute facilitates OTC trading of 350+ tokens and provides liquidity across 80+ centralized and decentralized exchanges. Wintermute is an active player in the ecosystem, and invests in early stage DeFi projects, provides liquidity provisioning services for high profile blockchain projects, and overall supports builders of decentralized finance.

Dapper Labs

Series A in 2020
Dapper Labs, the company behind NBA Top Shot, uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world. Since it was founded in 2018, Dapper Labs has given consumer enthusiasts a real stake in the game by bringing them closer to the brands they love, building engaged and exciting communities for them to contribute to, and producing new pathways for them to become creators themselves.
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