We acquire companies and modernize the financial infrastructure beneath them.
Stablecoins eliminate the hidden costs that legacy finance built into every transaction. We buy the businesses where that matters most.
1958
“Credit cards are a dangerous experiment”
The Daily Chronicle
1977
“ATMs will never replace the bank teller”
Metropolitan Business Review
1995
“No one will shop online with a credit card”
Global Finance Weekly
1999
“Online banking is a fad that won’t last”
Banking Today
2007
“Mobile payments are a solution looking for a problem”
Wall Street Journal
2012
“Contactless payments will never catch on”
Financial Post
2024
“Stablecoins are a solution looking for a problem”
Bank Director
Every generation doubts the next leap in financial infrastructure
Every dollar on stablecoin rails is a dollar that didn’t pay legacy fees.
Visa Onchain Analytics — Adjusted Volume
Adjusted Volume — 30d
$1,250,000,000,000
Value Created
$18,750,000,000
$1.25Tr × 1.5% avg fee = $18.8B / month
Visa Onchain Analytics Dashboard. Methodology (Visa, Artemis, Allium, Castle Island Ventures) filters bots, MEV, intra-exchange activity. Fee: 1.5% blended cross-border (McKinsey). Value = fee differential on adjusted volume.
How We Invest
Buy the business. Replace the infrastructure. Compound the value.
01
Acquire
Businesses where legacy financial infrastructure suppresses margins.
02
Transform
Replace settlement, wire, and banking infrastructure with on-chain rails.
03
Compound
Modernized infrastructure unlocks new revenue and re-rates the multiple.
Insights
Latest thinking
Our People