Sector Thesis · Philosophy

Real World Assets.

The boring instruments that move trillions — T-bills, credit, commodities — coming to programmable rails. The next generation of payment and credit infrastructure.

Allocation · ~20%

01 / What we fund

  • 01Tokenization rails for T-bills, private credit, and commodities.

  • 02On-chain credit infrastructure with real-world collateral.

  • 03RWA-DeFi composability bringing yield-bearing assets to DeFi protocols.

  • 04Regulatory-conscious projects that build with regulators, not against them.

02 / What we pass on

  • 01“Anything-can-be-tokenized” platforms without a specific asset focus.

  • 02Synthetic exposure marketed as real ownership.

  • 03Yield aggregators dressed up as RWA.

03 / In our portfolio

Where we've already deployed.

  • Zoth

  • HEALTH

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