Sectors
Digital Assets & Tokenization.
The firm's founding franchise: a decade of institutional work in digital asset capital markets, token economics, and market infrastructure, predating nearly every institutional entrant. Coverage today concentrates where institutions actually transact — tokenized real-world assets, market infrastructure, and treasury strategy.
The firm's research argues the sector's binding constraint has moved from issuance to distribution; its investments follow that thesis.
Disclosed positions in this sector
Innovation
BitMap Holdings — Building the civilization layer of the Bitcoin blockchain.
Private Equity
Layer4 Ventures — Early-stage venture platform for network infrastructure.
Innovation
Skrybit — Monetizing the data layer of the blockchain; acquiror of Bitmap.Holdings.
Private Equity
TRON — Layer-one network for content and entertainment. An early strategic position of the firm.
Private Equity
Loopring — Zero-knowledge rollup exchange and payments protocol on Ethereum. An early strategic position.
Private Equity
5ire — Sustainability-weighted layer-one blockchain that reached unicorn valuation.
Private Equity
Elitium — Digital economy platform for tokenized luxury and lifestyle assets.
Private Equity
Coinweb — Multi-chain computational platform for interoperability and scalability across blockchains.
Private Equity
Alvara Protocol — Protocol for tokenized, on-chain managed investment funds built on the ERC-7621 standard it created.
Private Equity
Partisia — Privacy-preserving blockchain built on multiparty computation.
Engineering delivery
Where a digital assets & tokenization mandate needs build work — systems, integration, tokenization engineering — the bank’s engineering practice covers this sector: MLG Blockchain — Capital markets & digital assets.