CMS Holdings

Solana is a high-performance blockchain network that powers internet capital markets, payments, and crypto applications. It is known for being fast, decentralized, and scalable.

dYdX is a decentralized trading platform for perpetual contracts, offering advanced tools and low fees. It aims to democratize access to financial opportunities and is backed by prominent investors.

Pendle is a decentralized finance (DeFi) platform that enables users to trade and manage yield-bearing assets. It features products like Pendle V2 for yield tokenization and Boros for trading funding rates with leverage.

Injective is a fast Layer 1 blockchain designed specifically for DeFi and finance applications, offering pre-built modules and a unique MultiVM architecture to facilitate seamless development and integration of financial applications.

Anoma Network is a protocol designed to facilitate large-scale coordination without a unidimensional unit of account, allowing participants to express multiple variables in their digital values. It aims to redefine economic exchange through innovative mechanisms that transcend traditional monetary systems.

Allora Network is a decentralized, community-driven AI ecosystem that enables crowdsourced models and supports staking mechanisms for economic security and decentralization.

Chainflip is a decentralized exchange platform that enables native cross-chain swaps between cryptocurrencies like Bitcoin, Ethereum, and Solana, providing users with excellent pricing and an intuitive user experience.

Manta Network is the multi-modular ecosystem designed for building high-performance decentralized applications. It combines modular architecture with advanced cryptography to empower developers to create applications optimized for Decentralized Finance (DeFi), AI, and enterprise-grade solutions.

Synapse Protocol provides a platform for decentralized and permissionless transactions between various blockchain networks, including L1 blockchains, L2 rollups, and sidechains. It is recognized as a leading cross-chain token bridge and messaging protocol.

First U.S. institutional asset manager focused exclusively on blockchain. Launched the first U.S. bitcoin fund in 2013 and operates a full-spectrum model investing across venture equity, private tokens, liquid tokens, and special situations with a single investment committee.

Contrarian crypto investor making highly concentrated 30–50%+ bets, systematizing eight contrarian methodologies, running a hedge fund alongside venture investing, and using aggressive public thesis-driven writing.

Framework Ventures is a crypto-native technology company that builds in-house software, tools and services, actively stakes and provides liquidity on-chain, and uses founders'Netflix/Snapchat consumer-tech expertise to design tokens and consumer-grade UX. Known as a DeFi power user fund, the firm's partners are frequently cited for specific market structure views on topics like protocol-owned L2s and real-world asset tokenization.

Co-founded by ex-Coinbase employees, Scalar Capital specializes in privacy and censorship-resistant protocols. The fund operates more like a crypto research shop than a typical investment firm, running technical conferences with top cryptographers and maintaining deep involvement in DAO governance across multiple ecosystems. Partners personally create widely-cited technical content and educational materials used by founders and developers.

Longstanding crypto track record and relationships, plus a pioneering tokenized, tradable LP structure that pays on-chain dividends via security tokens. Founded in 2013 by brothers Bart and Brad Stephens as one of the first dedicated crypto venture funds.