Predicate today announced it has raised $7M to build the first network for transaction prerequisites. We are a proud investor, having participated in Predicate's Pre-Seed round in November 2023.

What does Predicate do? In a nutshell, Predicate allows users, application developers, and communities to set their own customizable rules – or policies – for onchain interactions. Just as stablecoins have created a critical linkage between decentralized finance and traditional finance in the form of a common monetary denominator, Predicate enables the pre-transaction rules necessary to scale blockchain technology into the mainstream economy. 

Amanda Wick is Founder & CEO of the Association for Women In Cryptocurrency and Principal at Incite Consulting LLC. She was previously Senior Investigative Counsel for the House Select Committee Investigating the January 6th Attack on the US Capitol, a federal prosecutor at the Department of Justice, a Senior Policy Advisor at FinCEN, and was the Chief of Legal Affairs at Chainalysis. You can find her on X at @Amanda_S_Wick.

Bridge recently introduced themselves to the world after 2.5 years of building. I first met Bridge’s founder, Zach Abrams, in 2022 and joined the company’s cap table in early 2023 as a seed investor. It’s been remarkable to see Zach’s vision and tenacity define an entirely new category of financial services, with over $5 billion in annualized payment volume processed to date. I’d like to share a few excerpts from our February 2023 investment memo about why we decided to invest

Andrew Jacobson is the Head of Legal (Global) at 21.co and 21Shares and was previously an enforcement attorney at the New York State Department of Financial Services and an attorney at Seward & Kissel. You can find him on X at @AndrewJacobson_.

Etherfuse recently announced a $3M seed funding round to bring emerging market debt on-chain. The round was co-led by White Star Capital and North Island Ventures. We are proud to participate.

Ji Kim is the Chief Legal & Policy Officer at the Crypto Council for Innovation. You can find him on X at @_jikim.

Mountain Protocol today announced an $8M Series A funding round led by Multicoin Capital. We are thrilled to participate alongside them and other notable investors including Castle Island Ventures, Coinbase Ventures, and Bankless Ventures. Mountain Protocol offers the first prudentially-supervised stablecoin (USDM) that is yield-bearing, permissionless, and fully backed by U.S. Treasuries. Launched in September 2023, USDM has since reached approximately $50M in outstanding issuance.