IOSG Ventures
@IOSGVC

Research-driven fund backing the builders of frontier digital infrastructure. Investing since 2017. Pitch: pitch@iosg.vc

 🌎
iosg.vc/
Joined April 2017
768 Photos and videos
Article

Can you buy a coffee with stablecoins?

Economists assert that money serves three primary functions: it stores value, measures value, and facilitates value movement. Stablecoins have achieved significant success in the first two areas, but
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Binance's Altcoin Cull: the Survival Rules Behind 294 Delistings

By Ethan @IOSG TL;DR Binance has pulled 42 spot tokens so far in 2026, more than any full year since 2022, plus 28 USDT margined perpetuals. A new batch of delist notices lands every 28 days on

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Article

HIP-3: an expensive ticket, and a moat you can't buy

Author: @mariochow98k | @IOSGVC Ten teams have registered to run their own market on Hyperliquid, and most locked about $40M of HYPE to do it. One of them does 97.8% of the volume and just fell 44% in

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Article

Robinhood Chain Stock Token Squeezes Don't Move Wall Street

Author: @mariochow98k ｜ @IOSGVC TL;DR January 2021. Retail cornered GameStop because the float was fixed and the shorts could not conjure up more shares. It ended when Robinhood turned off the buy

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IOSG is glad to announce an investment in @immersve. It represents our conviction in the payment architecture to bridge the gap between stablecoin balances and everyday commerce.
IOSG Ventures
@IOSGVC
Sep 10
Article

Can you buy a coffee with stablecoins?

Economists assert that money serves three primary functions: it stores value, measures value, and facilitates value movement. Stablecoins have achieved significant success in the first two areas, but
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Article

Deploying at the Frontier: Why Bear Markets Make the Best Vintages

Authour: Jocy Lin @jocyiosg | @IOSGVC Adapted from Jocy's keynote at Money Frontier 2026 in Hong Kong. Edited for length and clarity. Know the light, keep to the dark Thanks to the Benmo community

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Article

Reg CA Is Not a Bull-Market Switch. It's a Graduation Exam for Legacy Tokens.

Author: Molly, Jeff, Ethan | @IOSGVC On August 18, 2026, the U.S. Securities and Exchange Commission proposed Regulation Crypto Assets ("Reg CA"). The proposal was published in the Federal Register on

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EIP-8363: Ethereum’s Issuance Decision

Authour: @mariochow98k | @IOSGVC EIP-8363 proposes burning a rising share of validator rewards as the staking ratio climbs, reaching a 100% burn at 50% of supply staked. This note models what it does
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Article

Bessent’s Trilemma and What It Means for Bitcoin

Authour: Momir @momir_amidzic | @IOSGVC The thesis: Washington is likely to defend Treasury-market stability and the AI investment cycle at the expense of more persistent inflation. That would be
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Highlights: 🔹 Who filled @coinbase's Bitcoin loan book? @sparkfinance was one of the main LPs, supplying up to 80–90% of the liquidity as the product grew from $0 to $600M. 🔹 The money is no longer crypto-native, crypto-native liquidity is thinning. 🔹 Who's actually borrowing? 35% crypto hedge funds, half of it OGs levering BTC and ETH. And off-chain OTC lending is still twice the size of everything on-chain. 🔹 In Asia, a good product only gets you to the table — trust, distribution, regulation, and what Western protocols keep getting wrong out here. 🔹 Seven years, still no fixed rates: the cold-start problem, and whether the yen carry trade can finally move on-chain. 🔹 "In three to five years, you won't hear about DeFi" what both of them think is left standing once the label goes away. Hope you enjoy this episode!
OFR House
@ofr_house
Aug 25
Who Funds Crypto's Loan Book? The bottleneck in DeFi lending may not be capital. It’s origination. In this episode, our Managing Partner @momir_amidzic sits down with @hexonaut, Co-founder / CEO @sparkfinance and @shanandwater, APAC Lead @Morpho for a full teardown of where the money comes from, who's borrowing it, and what the market still can't do. Timestamps 00:45 Intro 02:05 Seven years of money markets 07:00 Morpho vs Spark 　 08:55 "The world of credit is $200 trillion, crypto is a tiny fraction of it" 10:15 Two games in money markets　 17:45 Who filled Coinbase's Bitcoin loan book 　 21:40 West vs East: Crypto as one of the last deep techs that's still global 　 29:05 Is an HKD stablecoin any different from holding USDC? 35:50 Who's actually borrowing: are money markets just leverage facilitators? 　 40:10 "Perps are more of a retail product" 　 42:10 The bottleneck isn't capital, it's loan origination 44:35 The missing pieces 56:40 Market narratives 01:08:10 The DeFi mullet: blockchains are becoming back-end infrastructure 　 01:11:20 Predictions 🎧 Apple: podcasts.apple.com/jp/podcas… 🎧 Spotify: open.spotify.com/episode/6ct… 🎧 Xiaoyuzhou: xiaoyuzhoufm.com/episode/6a8… 📺 YouTube: piped.video/pc4f1UL94sg 📺 Bilibili: bilibili.com/video/BV1JWh36L…
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Article

From Benchmark Gains to Willingness to Pay: The Demand Illusion of Model Fusion

Author: @glazecl & David | IOSG Ventures In June 2026, the AI market saw two products named “Fusion” launch less than three weeks apart. On June 12, OpenRouter launched Fusion Router under the
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Hermes’ Rise to the Top: A Web3 Team’s Path Forward

Author: @0xjacobzhao | https://linktr.ee/0xjacobzhao Hermes’ phenomenal growth did not come from some proprietary technology that OpenClaw could not replicate in principle. Rather, at the critical window

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Article

How blockchains keep a secret, and what that is worth

Author: Mario Chow @mariochow98k | @IOSGVC TLDR: Public blockchains publish every amount, which was fine until real balance sheets arrived. Three designs answer that. Build a private network, which is

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From Hot Storage to Cold Memory: Decentralized Storage Under the AI-Era Storage Boom

Author: @0xjacobzhao | https://linktr.ee/0xjacobzhao On July 27, CXMT, officially debuted on the ChiNext board, sending shockwaves through the market with a staggering 500% surge. Despite lingering

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Article

Casino or Settlement Layer? Robinhood Chain's RWA problem

Author: Mario @mariochow98k ｜ @IOSGVC 1. Thesis Robinhood stopped renting blockspace and built its own Layer 2, so it controls trading, settlement, collateral, yield, and asset flows end to end. It

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Article

Trust or Verify: The Case for Private AI

Author: Jeff @yeaboiright | IOSG Ventures Why private AI On July 1, Palantir CEO Alex Karp went on CNBC and delivered 20 minutes of what some called a ‘nervous breakdown’. Enterprises, according to

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Article

Q-Day Countdown: Will Quantum Computing End Cryptocurrency?

Author: @0xjacobzhao | https://linktr.ee/0xjacobzhao Imagine in 203X, dormant BTC addresses are mysteriously drained by forged signatures, proving quantum entities can now reverse-engineer private keys.

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Why we built on @SurfAI, from our AI lead @glazecl. 🌊Best-in-class settlement, fundamentals, and fundraising data, flexible enough (MCP + API) to wire straight into the research tooling we'd already built. ▶️
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IOSG Ventures retweeted
ryan 🌊
@ryanli
Jul 2
Article

Announcing Design Partnership with IOSG.

Extremely excited to announce our design partnership with @IOSGVC, one of the most established AI-native funds in web3 in Asia. I want to start by sharing the comment that sums up our contribution to

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Proud to partner with @SurfAI as their first design partner. 🌊 We've plugged @SurfAI into our internal research agent as the sole source for 5 data categories our stack couldn't cover: social mindshare, perp liquidations by exchange, VC fund data, prediction markets, and fundraising. One question in, cross-checked diligence out.
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How it actually works in our research stack👇 Full write-up: asksurf.ai/blog/en/announcin…

Announcing Our System Design Partnership With IOSG - AI Native Venture Capital Connecting Western...

Web3 fund IOSG seamlessly integrated Surf into their existing AI research agent to unlock five critical data categories—including comprehensive VC portfolios and social mindshare—through a single,...

asksurf.ai
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