Successful Transactions

Perps DEX sold to Kraken via Ink Foundation. The transaction took approximately 16 months from initial engagement to close

Katana Chain (Incubated by GSR and Polygon) acquired a seasoned team and Perps DEX technology to support transaction volume, chain usage, and ecosystem growth.

Advised a leading global exchange on a multi-jurisdiction buy-side licensing mandate covering regulated financial hubs across 3 continents. Engagements targeted a range of license categories including EMI, MSB, and B-D registrations as part of a broader market access strategy.

Advising sponsors on identifying Web3 companies as potential SPAC targets.
Target valuation range: $300M–$1B, with a focus on strong fundamentals and audit-ready financials. SPAC size: $150M+, backed by a top Hong Kong family office, a listed Web3 company, and a fund as co-sponsors.

AI-themed crypto asset positioned around an “AI x markets” narrative with strong community participation and high volatility trading behavior. Generally classified as a high-beta, mid-cap narrative token with significant momentum-driven flows.

Infrastructure network enabling scalable, modular deployment for apps and chains, designed to reduce friction between ecosystems and improve composability. Generally sits in the mid-cap infrastructure bucket with strong narrative relevance across dev and ecosystem expansion cycles.

Acquired by a fund that continues to operate the platform for internal launches. Cash plus bonus structure.
‍
Size not disclosed.

Consumer wallet acquired by Paxful, a consumer P2P crypto marketplace to expand digital asset offerings to its existing user base. Cash plus bonus structure.

Size not disclosed.

Acquisition focused primarily on underlying technology. All-cash deal with two tranches tied to successful tech migration and handover. Buyer was a gaming studio expanding its portfolio.

Size not disclosed.

Swiss SRO sold to a private buyer seeking to expand its European compliance footprint. All-cash transaction. Sub-$1M. Private

Advised a newly formed digital asset exchange founded by senior veterans of a top-five global exchange on a targeted buy-side search for operational licenses in frontier and business-friendly jurisdictions. Mandate included coverage of crypto asset service licenses with derivatives permissions and digital asset-specific regulatory frameworks across Central America, Eastern Europe, and the Caribbean.

Advising on M&A readiness and transaction preparation. Buyer outreach pending regulatory updates and license approvals.

Advised a digital asset payments company on an unconventional buy-side licensing search targeting high-growth emerging markets across Sub-Saharan Africa, Latin America, and Southeast Asia. Sourced regulated entities and license-eligible structures in jurisdictions where organic licensing timelines are prohibitive, accelerating the client's regional expansion roadmap.

Advised a global exchange on the buy-side search for a consumer wallet to support a new chain, producing 10+ qualified acquisition leads.

Advised a leading decentralized self-custody wallet on an independent valuation of its publicly traded equity, developed for internal benchmarking purposes and presentation to its investment division and core investor base. Analysis incorporated market comparables, trading data, and business fundamentals to produce a credible, defensible valuation reference for internal stakeholders.

Leading crypto-native marketplace and trading venue focused on digital collectibles and creator ecosystems, expanding into broader onchain trading rails. Typically categorized as an established consumer platform with meaningful brand recognition and relatively strong liquidity vs smaller consumer tokens.

Core modular infrastructure focused on scaling blockchains via data availability and rollup-centric architecture. Considered a top-tier infra asset with strong institutional mindshare, generally trading as a larger-cap “core cycle” infrastructure exposure.

Decentralized finance protocol enabling borrowing, leveraged strategies, and onchain yield structures, often tied to active user demand during risk-on periods. Typically sits in the smaller-to-mid cap DeFi segment with cyclical spikes in volume when leverage appetite rises.

Established L1 ecosystem token supporting DeFi applications, staking, and broad ecosystem activity. Generally sits as a legacy mid-cap infrastructure asset with steady liquidity and periodic narrative resurgence tied to ecosystem incentives and integration announcements.

Bitcoin-adjacent scaling ecosystem asset designed to extend Bitcoin utility through additional execution layers and app environments. Typically trades as a mid-cap BTC ecosystem proxy that benefits from broader “BTCFi” and Bitcoin expansion narratives.

Social-focused Web3 protocol aiming to bring identity, creator monetization, and network effects onchain. Usually positioned as a smaller-cap consumer/social play with narrative-driven flows rather than purely fundamentals-driven demand.

Distributed cloud compute network providing on-demand access to enterprise-grade GPUs globally, designed for compute-intensive workloads like AI training/fine-tuning/inference and low-latency cloud gaming. Positioned as an “AI infra / DePIN” exposure rather than a trading venue, with market placement typically in the mid-cap range relative to broader crypto assets

Institutional-first blockchain network built for regulated asset issuance, compliance-driven workflows, and real-world asset tokenization. Positioned as a smaller-to-mid cap “RWA infrastructure” exposure, aligned with TradFi adoption and enterprise integrations.