Our experiences shape so much about who we are and why we structure companies in specific ways. @hrishlotlikar explains how his travels shaped his vision of @superworldapp on a recent @DGBventures show
Today @jpmorgan, the world's largest bank by market cap per @WSJ, announced they're launching their first ever tokenized money market fund—MONY—on Ethereum.
The firm is seeding the fund with $100M of its own capital before opening to outside investors on Tuesday.
So proud of this move and so proud to be a part of the @DraperVC ecosystem!!! Couldn't ask for better partners than @bleznak and @TimDraper!!!
LETS GO @DGBventures!!!!!
Draper Goren Blockchain ( @DGBVentures ) just opened its second office in Troy, Michigan.
First office outside of LA and a strategic move into the mortgage capital of the country.
Draper Goren Blockchain's new office at 3221 W. Big Beaver Road will serve as a strategic hub for incubating and accelerating portfolio companies, with a focus on real estate technology startups.
The office will be led by founding partner @Bleznak, who was born and raised in the area, and will house DGB's expanding team of six employees while serving as a meeting space and coworking environment for Michigan-based portfolio companies.
The expansion comes on the heels of exceptional performance from the firm's PropTech portfolio companies, including Troy-headquartered mortgage broker @LitFinancial_ and Birmingham-based AIVRE, an AI-powered appraisal software platform.
Detroit's PropTech ecosystem is thriving. Rocket Companies anchors the market. The talent is there. The opportunity is massive.
Founded in 2023 by @TimDraper, @AlonGoren, and David Bleznak, Draper Goren Blockchain started as a blockchain venture studio.
The firm makes regular investments, averaging about one new portfolio company a month, while also doubling up on growing teams and continually investing in them.
That's the venture studio model: Invest. Incubate. Accelerate. Support relentlessly.
SuperVenture North America is back in New York this November!
150+ attendees. 50+ influential LPs. 70+ industry leading VCs.
Free for LPs.
https://t.co/K1vXrzLr9c
x402 facilitator is a powerful stateless middleware or utility layer that's trust-less.
launched with @turf_network yesterday for @avax C Chain - will be scaling with new strategies hereon!
extended from x402-rs, our contributions to the space will be open-sourced!
LitFinancial, a U.S. mortgage lender pioneering a stablecoin-powered mortgage model, is adopting the Cross-Chain Token (CCT) standard on Ethereum to make litUSD natively transferable across blockchains via CCIP.
By adopting the Chainlink interoperability standard, @LitFinancial_ is unlocking RWA innovation & enabling a more efficient capital model for mortgage lending.
Supporting @avax C-Chain (Mainnet) & Fuji (Testnet).
All improvements are open-sourced and actively evolving to support complex co-ordination and multi-vertical micro-payments.
Anyone building with x420 in @avax - tune in
• Pay autonomously with USDC
• Handle pay-per-request flows for micro-transactions
• Operate without intervention