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Investments.

2021

Exponent
Exponent is an open-source platform that brings quantitative trading to the decentralised finance ecosystem.
Moonriver
Moonriver is a community-led Ethereum-compatible smart contracts platform on Kusama.
Interlay
Interlay is building interBTC, a fully collateralized one-to-one Bitcoin-backed asset that enables interoperability between multiple blockchain ecosystems.
RedStone
RedStone is a next-generation cross-chain data oracle technology.
Divergence
Divergence is a decentralised platform for volatility hedging and advanced financial products.
Clover
Clover is a smart contract platform enabling Ethereum developers to easily migrate their decentralised applications onto Polkadot
iTrust
iTrust Finance is a yield optimisation platform for supplying smart contract cover to the decentralised finance ecosystem
Shiden
Shiden Network is a smart contract platform and application layer on Kusama, which acts as a research and development chain of the Astar Network (formerly Plasm).
Karura
Founded by Acala, Karura is a scalable, EVM-compatible blockchain network optimised for decentralised finance services on Kusama.
Automata
(Series A) Automata Network is a protocol that provides privacy services on multiple platforms, including Ethereum or Polkadot.
Equilibrium
Equilibrium is a cross-chain money market that combines pooled lending with synthetic asset generation and trading.
Moonbeam
(Series A) Moonbeam is an Ethereum compatible smart contract platform on the Polkadot network that makes it easy to build interoperable decentralised applications.
Vega
(Series A) Vega is a protocol for creating and trading margined financial products on a fully decentralised network.
zCloak
zCloak Network (formerly Starks) provides Zero-Knowledge proofs as a Service for the Polkadot network.
Automata
(Seed) Automata Network is a protocol that provides privacy services on multiple platforms, including Ethereum or Polkadot.
Celestia
Celestia (formerly LazyLedger) is a pluggable consensus and data availability layer.

Undisclosed

Investment at advanced stages of negotiations or in the process to be finalised.

2020

Tidal
Tidal is building a customizable smart contract cover marketplace for the Polkadot ecosystem.
HydraDX
HydraDX is a decentralised exchange and cross-chain liquidity protocol built on Polkadot’s Substrate blockchain development framework.
Swarm
Swarm is an economically self-sustaining decentralised storage and communication platform.
Lido
Lido is a liquid Ethereum 2.0 staking solution backed by several industry-leading staking providers.
Phala
Phala is a confidential smart contract network built on Substrate, aiming to provide confidential computation and data protection services for enterprises and users.
Exited
Acala
(Series A) Acala is a DeFi (decentralized finance) hub and stablecoin platform powering cross-blockchain liquidity and applications built on Polkadot.
Moonbeam
(Seed) Moonbeam is an Ethereum compatible smart contract platform on the Polkadot network that makes it easy to build interoperable decentralised applications.
MetaCartel Ventures
MetaCartel Ventures is a DAO providing funding and support for early-stage dApps (decentralised applications) in the Ethereum ecosystem.
Astar
Astar (formerly Plasm) is a dApps (decentralised applications) hub built on Polkadot that supports Ethereum, ZK Rollups and Optimistic Rollups.
Union
Union is building a global, permission-less credit network, enabling any person, or smart contract, with access to Ethereum the ability to accrue credit.
Acala
(Seed) Acala is a DeFi (decentralized finance) hub and stablecoin platform powering cross-blockchain liquidity and applications built on Polkadot.

2019

Kusama
Kusama is an early, highly experimental version of Polkadot presenting real economic conditions, warning of issues to keep things safe for the developers downchain.
Staking
Commonwealth
Commonwealth Labs is developing Edgeware in addition to providing a state-of-the-art governance interface for multiple other crypto networks.
Edgeware
Edgeware is a high-performance, self-upgrading WASM smart contract platform, in the Polkadot ecosystem with a novel token distribution via a "lockdrop".
Staking
Vega
Vega is a protocol for creating and trading margined financial products on a fully decentralised network.
Alice
Alice is a decentralised platform for the social finance sector, helping impact investors, governments and nonprofits to cut transaction costs and share verified impact data.
Nexus Mutual
(Purchase through Token Bonding Curve) Nexus Mutual is a decentralised alternative to insurance, allowing people to share risk together without the need for an insurance company.
Nym
Nym is developing infrastructure to create privacy at the lowest layer in the internet infrastructure stack, often referred to as the networking layer.
Sentinel
Sentinel is an open-source decentralised VPN application built on Tendermint and the Cosmos SDK.
*
ChainX
ChainX is an inter-chain crypto-asset financial blockchain in Web3 & Polkadot ecosystem that is built on Parity’s Substrate and will become a Polkadot parachain.
Staking
Nash
Nash is building a high-speed non-custodial cryptocurrency exchange platform and wallet.

2018

Etherisc
Etherisc is building a decentralised insurance platform and protocol that allows anyone to collectively build insurance products.
Althea Mesh
Althea is building a full service solution that lets communities set up decentralised internet service providers.
Foam
(Token Sale) Foam is building spatial applications and proof of location that bring geospatial data to blockchains and empower a consensus-driven map of the world.
Blocksmith
Blocksmith is a blockchain and software development studio based in London.
Connext
Connext is an open source, peer-to-peer micropayment protocol that powers a new kind of internet economy.
Stake DAO
Stake DAO (formerly Flying Carpet) is a decentralised finance aggregator and interface.
Dfinity
Dfinity is developing the Internet Computer Protocol, which can host hyperscale open internet services, secure enterprise systems, websites, and all of humanity's software logic and data in smart contracts.
Waves
Waves is a blockchain protocol offering a developer-friendly infrastructure as an experimental ground for innovation.
Herdius
Herdius is building a solution that interconnects blockchain users and networks split in different ecosystems.
Argent
Argent is a simple and secure mobile crypto wallet that solves many of the issues of current crypto wallets.
Nexus Mutual
(Seed Funding) Nexus Mutual is a decentralised alternative to insurance, allowing people to share risk together without the need for an insurance company.
Elastos
Elastos is an open-source global project building a decentralized internet powered by blockchain.
Bluzelle
Bluzelle is a decentralised data network for DApps to manage data in a secure, tamper-proof, and highly scalable manner.
OST
OST (formerly Simple Token) is a full-featured wallet SDK that enables businesses to launch their own blockchain-based token and economies.
Props
Props is an open-source platform and token that turns loyalty points into financial assets

2017

Neo
Neo is an open-source, community-driven platform that is leveraging blockchain technology.
Vo1t
Vo1t was a institutional-grade secure cold storage custody provider that was acquired by Genesis Global Trading in May 2020.
Exited
Erasure
Erasure (formerly Numerai) is a new protocol for exchanging valuable information on the internet, using encryption, smart contracts, and staking to create a trusted, decentralized venue for exchanging data.
* Exited
Polkadot
Polkadot is a scalable, interoperable & secure network protocol that allows arbitrary data to be transferred across blockchains under the protection of shared security.
Staking
Rocket Pool
Rocket Pool is a staking infrastructure service for Ethereum providing a truly decentralised, easy to use staking experience for individuals and businesses.
Airswap
AirSwap is a peer-to-peer request for quotation (RFQ) style trading network for Ethereum.
* Exited
RChain
RChain is a blockchain platform focussing on correct-by-construction software development to produce a concurrent, compositional, and infinitely scalable blockchain.
Secret
Secret Network (formerly Enigma) is a privacy-enabled blockchain featuring "secret" smart contracts with encrypted inputs, outputs and state.
Foam
(Seed Funding) Foam is building spatial applications and proof of location that bring geospatial data to blockchains and empower a consensus-driven map of the world.
BlockchainK2
BlockchainK2 is a holding company listed on TSXV.
*
0x
0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.
* Exited
Agrello
Agrello is a personal identification solution that anyone around the world can use for authentication and for digital signing.
OMG
OMG (formerly OmiseGo) Network is a trustless, non-custodial, Layer-2 scaling solution for transferring value on Ethereum.
Exited
FunFair
FunFair is building a game-changing B2B platform using pioneering blockchain technology to bring transparency, efficiency and access to new markets to the casino sector.
Exited
Bancor
Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on the Ethereum and across blockchains.
Exited
Mysterium
Mysterium is an open-source, decentralized VPN network allowing anyone to contribute network capacity, providing a secure VPN connection for those in need.
Cosmos
Cosmos is a decentralized network of independent, scalable, and interoperable blockchains, creating the foundation for a new token economy.
Staking
Qtum
Qtum is an open-source public blockchain platform leveraging the security of UTXO while enabling multiple virtual machines including EVM and the revolutionary x86 VM.
Exited
Enzyme
Enzyme (formerly Melon) is a decentralised on-chain asset management protocol built on Ethereum.

2016

SatoshiPay
SatoshiPay is a micropayment platform that enables digital transactions on a micro-scale.
Golem
The Golem Project is building the first global market for idle computer power.
Exited
SingularDTV
The snglsDAO is a community-owned, self-adaptive distribution protocol.
Augur
Augur is a decentralized oracle and peer to peer protocol for prediction markets.
* Exited
Ethereum
Ethereum is a global, open-source platform for decentralized applications.
**
Bitcoin
"Bitcoin: A Peer-to-Peer Electronic Cash System" - Satoshi Nakamoto (2008)
**

Staking - KR1 plc is actively engaging in staking activities on the network and is generating revenue in the network's native digital assets. The staking operations carry certain risks, such as 'slashing', but do not impose any overhead or additional operating costs to the Company.
Exited - KR1 plc fully exited the position.
* - Investment or digital asset not explicitly disclosed given the holding did not exceed the threshold for significance regarding public announcements.
** - Often used as currency for investments, as such, holding fluctuates.
Previous investments that are no longer in active development include: Etch (Noman Ventures), iXLedger (InsureX), GBX and Rlay.