Wintermute

Crossover Markets is a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the spot and derivative cryptocurrency markets. CROSSx, the company's execution-only cryptocurrency Electronic Communication Network (ECN), aims to avoid conflicts of interest by decoupling trade execution from custody and brokerage, giving institutions the ability to freely choose their own credit counterparties. As an execution-only trading venue provider, Crossover does not hold client funds, directly handle assets, or carry counterparty risk.

Based is an on-chain consumer "Super App" and a primary gateway to the Hyperliquid ecosystem, unifying perpetuals trading, prediction markets, and real-world crypto spending. Backed by Coinbase Ventures, the platform features a self-custodial wallet and the Based Card, a Visa-powered solution that allows users to spend their crypto at over 90 million merchants worldwide, effectively bridging decentralized finance with everyday financial utility.

Tenbin is a decentralized on-chain market with the liquidity of TradFi and the utility of DeFi.

Ostium is a synthetic asset protocol that enables institutional and retail traders and hedgers to gain exposure to commodities on-chain.

With a focus on programmability in financial services, Pave Bank aims to provide a secure and regulated platform for businesses to transact in stablecoins, Central Bank Digital Currencies (CBDCs), and tokenized Real World Assets (RWAs). It aims to reshape the global financial landscape with a seamless fusion of traditional finance and digital assets.

Bulk Trade is a decentralized exchange focused on building a high-performance on-chain perpetual contract trading platform, aiming to bridge the gap between centralized exchanges (CEX) and decentralized finance (DeFi) in high-frequency order book trading performance.

3Jane is a credit-based money market on Ethereum enabling unsecured lines of credit underwritten against verifiable proofs of crypto & bank assets, future cash flows, and credit scores. This unlocks a three-dimensional collateral space within crypto financial markets by introducing future-backed loans alongside existing asset-backed loans. 3Jane integrates onchain address credit scoring models via Cred Protocol and Blockchain Bureau with offchain VantageScore 3.0 credit scores via zkTLS, enabling risk-adjusted underwriting at scale.

Euler is a non-custodial, permissionless lending protocol that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party. The protocol features a number of innovations, including permissionless lending markets, reactive interest rates, protected collateral, MEV-resistant liquidations, multi-collateral stability pools, and much more.

Codex is a blockchain stablecoin company whose mission is to create a universal electronic cash system. Codex Chain is the core transaction layer of the Codex ecosystem, settled on Ethereum — a stablecoin-native execution environment built to support protocol primitives and applications with strict requirements around execution determinism, network reliability, and atomic settlement.

DoubleZero is a new global base layer network optimized for blockchain and distributed systems. The protocol enables permissionless contribution of independent fiber links to create a dynamic and expansive low-level high performance global network. This decentralized network infrastructure layer enables systems like Layer 1 and Layer 2 blockchains to be freed of communication bottlenecks and approach the maximum performance that physics allows.

Blum is a hybrid exchange, offering universal token access through gamification within a Telegram mini-app. Blum enables access to CEX and DEX coins in one platform, supports 30+ chains and offers additional features, including AI co-pilot, localised P2P trading, simple derivatives, unified CEX and DEX trading.

GTE is a decentralized trading platform Incubated by MegaETH Labs. GTE combining the AMMs and a Central Limit Order Book aims to bring CEX-level performance and liquidity to DeFi.

Dfns is a Wallets-as-a-Service (WaaS) platform for digital assets. Create, embed and manage wallets at scale using advanced security and cryptography.

Usual is a fiat-backed stablecoin protocol that plans to launch USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs), and USUAL, a governance token that allows the community to guide the future evolution of the network. Usual addresses current stablecoin market issues by redistributing profits to the community, rewarding token holders with real yields generated by the RWAs.

Lens Protocol is a Web3 social graph on the Polygon Proof-of-Stake blockchain. It is designed to empower creators to own the links between themselves and their community, forming a fully composable, user-owned social graph. The protocol is built from the ground up with modularity in mind, allowing new features and fixes to be added while ensuring immutable user-owned content and social relationships.

Hyperbolic is building an AI cloud to enable open access to AI. It is achieving this goal by solving three major problems: 1. System: Building a scalable system to aggregate global GPU compute and developing AI services to maximize the performance of any kind of GPUs; 2. Verification: Making sure the outputs coming from the network are run on the correct AI model; 3. Privacy: Protecting users’ data privacy even when the requests are handled by a random third-party node

Noble is an app-chain purpose-built for native asset issuance in Cosmos and the boundless Inter-Blockchain Communication (IBC) ecosystem. Noble acts as a middleman, working with stablecoin issuers to efficiently distribute their products on 50 different blockchains and providing developers with a seamless user interface to ensure that their application chain is compatible with Noble.

Notebene is an end-to-end crypto travel rule compliance tool for holistic risk management.

Karpatkey is a non-custodial, on-chain asset management infrastructure provide financial services to the leading DAOs.

Synnax is a credit rating standard for modern credit markets. It generates credit ratings for companies seeking to expand their access to credit, both in the digital(on-chain)and traditional off-chain)credit markets, Synnax ratings emerge from a unique consensus mechanism powered by a decentralized network of AI models. These ratings are complemented by real-time credit intelligence, offering invaluable insights for lenders, underwriters, and users of credit ratings.