Patrick Zielbauer

Partner @ Haven Capital Advisors. Providing accredited investors & qualified institutional investors access to a private on-chain income fund. Views are my own.

[Patrick Zielbauer @pzielbauer]

Disclaimer: Views expressed are my own. This post is for informational purposes only and does not constitute investment, legal, or tax advice. Past performance is no guarantee of future results. Mention of any company is not an endorsement or formal recommendation.

[Patrick Zielbauer @pzielbauer]

It's been great to see @N3XT get so much traction from the institutional digital asset community so quickly. The recent news related to $NDD is generating a lot of enthusiasm, and we at @HavenCap_io are pleased at the opportunity to be a part of it.

https://t.co/8wIaDggrbD

[Patrick Zielbauer @pzielbauer]

Haven Capital Advisors, LLC is an investment adviser registered with the North Carolina Secretary of State, Securities Division. Registration does not imply any level of skill or training, or approval by any regulator. This post describes the firm and its advisory services. It is not an offer to sell or a solicitation of an offer to buy any security or interest in any fund, and it is not investment advice. Digital asset strategies involve risk of loss.

[Patrick Zielbauer @pzielbauer]

I'll be at @TheBitcoinConf in Hong Kong later this month to talk yield. Curators, miners, whales, yield-seekers, we should talk about how to obtain yield on your #BTC without:

[Patrick Zielbauer @pzielbauer]

We are an investment adviser registered in North Carolina, subject to examination by the Securities Division, and held to a fiduciary standard. Our books are subject to inspection.

Don't like what you see? Turn us off.

We stop answering the phone? Turn us off.

See a better opportunity elsewhere? Turn us off.

It's that simple.

[Patrick Zielbauer @pzielbauer]

SEC Commissioner Hester Peirce's July 22 statement on onchain vaults and lending is worth reading closely. A vault that pools capital into yield strategies can be a common enterprise. Calling it passive does not change that. https://t.co/uNcO3SguFm

[Patrick Zielbauer @pzielbauer]

Last week I asked the @n3xtbank team a question I didn't know the answer to: if a client loses control of a wallet holding $NDD, what happens to the dollars? I know what happens with a stablecoin. If the wallet is gone, so is the money. Maybe the issuer freezes the funds if you're lucky (most of us are not big, loud, or fast enough).

The answer: the customer logs into their @n3xtbank account and hits redeem. That burns the $NDD sitting in the wallet, compromised or not, and the deposit moves back into their account. They can also have that wallet cut off from $NDD entirely.

This paints a clearer picture of what $NDD actually is. It's not a bearer instrument. The dollars never left the bank. The token was just how they moved around. Whoever is holding a stolen wallet is holding an interface to an account that no longer talks to it.

Thanks to the @n3xtbank team for chasing down the answer for us at @HavenCap_io.

[N3XT @N3XTinc]

Welcome @HavenCap_io to N3XT.

Operating at the intersection of institutional finance and decentralized markets, HAVEN understands the challenge created when one asset settles instantly, and the other takes days. By working with N3XT, and using the N3XT Digital Dollar (NDD), they are bringing their corporate banking directly onto Ethereum rails, ensuring that their dollar operations move as quickly as their crypto business.

This is what solving settlement speed mismatch looks like.
You can find Haven Capital Advisors on N3XT.

[Patrick Zielbauer @pzielbauer]

For informational purposes only. Not investment advice or an offer to buy/sell any security. Observations reflect current conditions and are subject to change. No promise or projection of future results.

[Patrick Zielbauer @pzielbauer]

Some hard-to-ignore themes from this run of conferences 🧵

[Patrick Zielbauer @pzielbauer]

We think there's room for a different approach - a 'yield' profile that doesn't lean on any of those four pillars. The question is whether the market gets there before the current alternatives compress further.

In NYC Thu/Fri for Vault Summit → https://t.co/r14TlvPDXL. Around? Please reach out!

[Patrick Zielbauer @pzielbauer]

Big week in Miami.

- @Yield_Summit
- @consensus2026
- @TheTieIO’s InnovateMiami

Gearing up for a lot of conversations about yield, vaults, smart contract risk, combatting social engineering-driven hacks, and “where do we go from here?”

But, the market is right for @HavenCap_io. Our non-custodial / SMA-capable income strategy is not basis-dependent, cares nothing for funding rates, or for compressed BTC-backed USD lending markets.

We manage our income strategy inside a registered investment adviser structure and distribute income monthly to investors, starting after their first month in the fund. If you're willing to dedicate assets to a strategy that prioritizes monthly income, let's chat in Miami.

Haven Capital Advisors is a registered investment adviser. Past performance is not indicative of future results. This post is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Investments are available to accredited investors only and involves risk, including loss of principal. CRD # 338419.

Link: https://t.co/Dz544X9d6U

[Patrick Zielbauer @pzielbauer]

@consensus2026 Don’t jinx it, team!

[Patrick Zielbauer @pzielbauer]

If any of this sounds familiar from the basis trade world, let's talk. Not an offer to sell securities. Accredited investors only. Past performance does not guarantee future results. Haven Capital Advisors, CRD #338419.

[Patrick Zielbauer @pzielbauer]

The BTC basis trade has been a go-to for institutions wanting delta-neutral income in crypto. Buy spot, short futures, collect the spread. It works - or it did, when the annualized basis was running north of 15%.

[Patrick Zielbauer @pzielbauer]

For those who want the income without as much of that ride, we have a new share class coming that incorporates a partial hedge on the underlying exposure. Still working through the final structure, but it's specifically designed for allocators who need more principal focus.