Liquidity for illiquid assets Secondary markets for real estate, commodities, and alternatives — turning positions that once locked up for years into something holders can actually trade.
Some of the largest asset classes in the world — real estate, commodities, alternatives — have always traded illiquidly: high minimums, slow settlement, no exit until someone else turns up. We get behind the teams at the frontier of tokenised marketplaces, building the liquid secondary market these assets have never had.
This is the deep end of platform tech, and it needs operators, not advisers — people who have shipped on regulatory rails. The company starts with the Onyx stack for tokenisation, provenance, and real-world assets, and an operating partner from the board down. We hold toward category leadership, evergreen, with no fund clock forcing a premature exit.
The hard problems we co-found teams to solve — and the platform we trade for equity to solve them faster.
Featured venture
Tokenised issuance and secondary trading of mining-asset positions — regulatory-ready on EU and UAE rails, bringing a liquid secondary market to a class of assets that has always traded illiquidly.
↳ Find out more about D-STAXMining-asset positions have always been illiquid — capital locked in, no clean way out. We built tokenised issuance and secondary trading, regulatory-ready on EU and UAE rails. IMS traded the Onyx tokenisation stack and an operator who had worked regulated rails before for equity; that bench, more than the funding, is what got us to market.
D-STAX · Mining TokenisationLet's get behind it.
Come with the domain and the conviction. You leave with core technology in hand, an operator beside you from the board down, and the relationships that warm up your first customers — all for equity, not a passive cheque.
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