Br3akthroughs #6
by Markus Hujara – May 7, 2024
With assets stored worth $100B+, Safe is the Industry Standard for secure digital asset management and ownership. Since we invested in 2022, it has solidified its position as the leading smart contract wallet platform and critical web3 infrastructure. Now, the Safe Token is transferable on major exchanges. We took this milestone as an opportunity to share two Safe publications: our updated investment thesis and a more in-depth report on how Safe proved its anti-fragile strength throughout last year.
Let’s dive into Br3akthroughs issue #6:
- Backing
_Centrifuge: The leading on-chain ecosystem for RWAs
_Keyring: Institutional-grade compliance for public blockchains - Building
_Safe: The Industry Standard for programmable digital ownership - Broadening
_2023_Report on Safe - Community:
_On Stage: Greenfield at NFT Paris, Eth Denver, FIBE Berlin
_Award: Big Whale’s “Best Investor” award for Greenfield
_Save the dates:
Greenfield at Finance Forward Conference |
Drinks_Reception with Near, Celo and Q during Berlin Blockchain Week
_Backing
DEFI | Centrifuge – the leading on-chain ecosystem for RWAs
Greenfield is co-leading the latest $15M funding round for Centrifuge. Founded in 2017, Centrifuge was among the first teams to build in the newly birthed decentralized finance space, with a vision explicitly involving financing real-world businesses via public blockchain infrastructure. The Centrifuge Chain enables tokenization of RWAs like invoices, mortgages, consumer loans and entire funds. With a current volume of $280M in active loans, Centrifuge has established itself as the market leader for providing access to high-quality RWAs, such as US Treasuries, for decentralized autonomous organizations (DAOs).
The announcement was widely covered by crypto media outlets, including
Axios and Coindesk.
–> Backing post
DEFI | Keyring – Institutional-grade compliance for public blockchains
Greenfield is co-leading Keyring’s $6M seed funding round. Keyring addresses the crucial challenges of regulatory compliance and market liquidity by empowering financial organizations to engage with compliant counterparts when participating in DeFi. Leveraging zero-knowledge (ZK) technology, Keyring guarantees institutional-grade privacy and security for sensitive data.
Media coverage: Coindesk, a.o.
–> Backing post
_Building
INFRASTRUCTURE | Safe: The Industry Standard for programmable digital ownership
For our updated investment thesis on Safe, we compared the total value of stored assets with the TVL of major DeFi players. This illustrates Safe’s outstanding market position in providing fundamental infrastructure for digital ownership. With a wide range and growing number of projects building on their stack, one of Europe’s finest crypto projects is strengthening its role as meta aggregator for all things Web3.
–> Buiding post
_Broadening
INFRASTRUCTURE | 2023_Report on Safe
Safe proved its anti-fragile strength above all in 2023, when it delivered impressive anti-cyclical growth: We documented this success story by analyzing key metrics and major developments in our 2023_Report on Safe.
–> Report
_Community
AWARD | Big Whale community names Greenfield “Best Investor”
The community of the leading French crypto media outlet, The Big Whale (TBW), honored Greenfield with the TBW award in the category of “Best Investor”. The award for the best financing and investment project went to Centrifuge, our latest investment.
ON STAGE | FIBE Berlin and “The Revival after Crypto Winter”
Claude made his first appearance for Greenfield at FIBE, Berlin’s new Digital Finance conference. He shared the main stage with Christian Wermke (Handelsblatt), Jan Sell (Coinbase) and Tamar Menteshashvili (Solana).
Claude recently joined the Greenfield investment team as Principal and will strengthen our consumer efforts. He is based in Zurich. Our decentralized team is represented in the leading crypto hubs of Germany, France, the UK, Portugal, Poland, and now Switzerland.
ON STAGE | NFT Paris and the state of Consumer Web3
NFT Paris presents the leading innovations in blockchain technology across fashion, beauty, design, and publishing. This year, it attracted 18.000 visitors. Jascha shared our views on the current landscape of Consumer Web3 in an exclusive VC panel discussion.
–> Panel
ON STAGE | Eth Denver and UX innovations in crypto
ETHDenver stands out as one of the largest gatherings for developers and users of the Ethereum blockchain, providing a platform for emerging projects and industry leaders alike. Felix participated in the VC panel on the main stage, discussing a.o. UX innovations like Account Abstraction (AA), and Intents.
–> Panel
SAVE THE DATE | Finance Forward
In conjunction with the OMR, the Finance Forward Conference is taking place this Wednesday (May 8) in Hamburg. Jascha will join Julius Nagel and Florian Adomeit on stage to record a live episode of their crypto podcast “Alles Coin nichts Muss”.
SAVE THE DATE | Drinks_Reception at Berlin Blockchain Week
Berlin is lining up great events for Berlin Blockchain Week, May 18 – 26. Make sure to have our Drinks_Reception co-hosted by Near, Celo and Q on your schedule.