Tom Brophy

New Form Capital VP of Finance | formerly at Carta | University of Maryland grad 🐢

[Tom Brophy @tom_p_brophy]

@cryptovcdylan This guy is the WOAT

[Shayne Coplan 🦅 @shayne_coplan]

Markets on everything.

We’re proud to announce that $ICE, the owner of @NYSE and the largest exchange company in the world, is making a strategic investment of $2 billion into Polymarket, valuing us at $9 billion post-money.

Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. But in addition to that, it’s a monumental step forward for DeFi. ICE is the one remaining founder-led exchange company, and Jeff is all-in on utilizing his assets, including NYSE, to usher in a new financial era of tokenization. We’re humbled to be working together on this endeavor. ICE will also begin distributing Polymarket data to thousands of financial institutions around the world. There is so much to build when you combine the force of ICE’s institutional scale and credibility with Polymarket’s consumer + cultural savvy and distribution.

The past two years have been surreal. Going from a write off to creating a category, watching our vision become a reality. The Polymarket origin story is funny because it's a rare case of the dream being identical to how things played out. If I learned one thing, it’s that bold ideas are everywhere, hidden in plain sight. It just takes someone crazy enough to spend their life willing it into existence. That’s entrepreneurship: willing things into existence.

I remember reading Robin Hanson’s literature on prediction markets and thinking - man, this is too good of an idea to just exist in whitepapers. There were a million reasons why it shouldn’t work, countless arguments of why not to do it, and the odds were against us, but we had to try.

At the onset of the pandemic, I quite literally had nothing to lose: 21, running out of money, 2.5 years since I dropped out and nothing to show for it. But I knew we were entering an era where ways to find truth would matter more than ever, and Polymarket could play a critical role in that. After all, nothing is more valuable than the truth. It’s still a work in progress, but we’re honored to have made the impact we have thus far.

I’d also like to give a special thank you to all of our users, builders, and community members who have been with us since 2020. Your support will not be forgotten 🔮

Last but not least, I am deeply grateful for all of the support and hard work of my brilliant team. I’m getting to live my wildest dreams, seemingly against all odds, and I don’t take it for granted.

The best is yet to come… 🇺🇸

Que Sera Sera

[Blockworks @Blockworks]

infiniFi’s fractional reserve banking promises up to 31% APYs for stablecoin deposits:

https://t.co/81vasKGosa

[BitVault @BitVaultFinance]

We’ve raised $2M in pre-seed to build Bitcoin-backed money.

With participation from @Gemini, @GSR_io, @Auros_global, @keyrock, @v3v_ventures, and @Re7Capital. Angels from @P2Pvalidator, @hemi_xyz, @bitgetglobal, and @katana.

[New Form Capital @newformcapital]

In our largest deal to date, New Form has led a $25M Series A for the merger of IntoTheBlock and Trident Digital to form Sentora—the first compliant DeFi platform for yield, liquidity, and risk management.

Read more about the merger here:

[Mike Novogratz @novogratz]

The story that America is getting “ripped off” or taken advantage of just does t ring true to me. We are the richest country on earth. Our per capita income of roughly 60k makes our average worker a 1 percent income earner for the rest of the world. We are 4.2% of the world’s population yet are 26% of global gdp.

What am I missing?

Team USA has the most innovative private sector, deepest capital markets, best universities and a work ethic. We have been winning since way before I was born in 1964.

[Sentora @SentoraHQ]

IntoTheBlock has merged with Trident Digital to form Sentora, an institutional-grade DeFi platform combining yield strategies, risk management, and financial services.
https://t.co/w47UQHOdP6

[Spectral @Spectral_Labs]

1/ Quick Recap:

We’re pushing DeFAI forward—shipping a fresh Chat API, enabling @Agent_Spectra’s hedge fund, and building Lux (our agent framework) for peak performance. Here’s what’s new:

[infiniFi @infiniFi]

We Raised $3M to Build the First On-Chain Fractional Reserve System.

infiniFi is bringing the efficiency of fractional reserve banking to DeFi —automated, transparent, & built for higher yields.

Learn More👇

[caitlin @caitlinxyz]

- the founder of robinhood is tweeting about tokenizing private company stock
- apollo is launching a tokenized private credit fund on solana
- jamie dimon is saying tokens that do something are good

tradfi instruments are going onchain. who all is working on this?

[Carta @cartainc]

The @FinancialCmte hearing has officially begun. The live feed is available here: https://t.co/odUra4VtoE

We’ll share key moments from @henrysward’s testimony in 🧵

[Carta @cartainc]

Yesterday, we hosted the 5th annual Carta Equity Summit. Our speakers gave their perspectives on everything from the future of venture capital to the value of equity ownership.

The first few session recordings are up on our blog—see 🧵 for direct links 👇 (More coming soon!)

[Carta @cartainc]

Whether you’re looking to break into business investing or just want to diversify your portfolio, you may want to consider a special-purpose vehicle (SPV). We're answering your SPV questions at the Carta Equity Summit on Dec. 7 with @pgrossinger. Register: https://t.co/FGqoVcUJyF

[Carta @cartainc]

A fund closing formalizes an LP's investment in a fund—it kicks off the process of identifying future investments and deploying capital. From first close to final close, we’re breaking down what you need to know to ensure a smooth fund closing 👇 https://t.co/87R0VgrQNk

[Carta @cartainc]

A generation of ownership has been built on Carta by people who innovate and challenge conventions. We’re so grateful to work with them and hope you enjoy getting to know the lesser-known sides of their stories. Meet: The Innovators.

[Tom Brophy @tom_p_brophy]

Exciting things are coming for Carta! https://t.co/CpvPaVKqYg

[Tom Brophy @tom_p_brophy]

Major breakthrough on tax and climate package. Proposed bill includes tax hike on carried interest, but QSBS and IRA private investment spared. https://t.co/9p68MjUizn

[Serena Williams @serenawilliams]

Last month @SerenaVentures raised $111M to support founders. Today I’m excited to unveil something new.I’ve been working with @cartainc on a way to support everyone as they learn more about equity. Excited to share the the Equity 101 course here:  https://t.co/euPL7awqam