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A single token can represent ownership.
TrustLogic separates ownership from control.
That separation unlocks everything below. 👇
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TrustLogic
285 posts
TrustLogic
@TrustLogicRWA
IP attorney | applying trust law to digital assets TrustLogic - enabling smart contracts to function as enforceable contracts https://t.co/O01oidz5Q8
Chicago, IL Katılım Aralık 2025
478 Takip Edilen83 Takipçiler
The new category isn’t another product.
It’s enforcement.
Crypto can verify and transfer anything - but rules disappear after transfer.
That’s why RWAs, payments, licensing all break.
Assets that enforce their own rules is the next wave (what we’re building at trustlogic.global)
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Hot take: There isn’t lack of VC money in crypto. In fact I’d argue there’s still oversupply of capital.
What’s lacking is courage. Courage to build something that defines a new unproven category.
Right now I’m mostly seeing copycats chasing what’s already working. But no one cares about the 69th prediction market, 69th yield vault, 69th stablecoin neobank, etc.
Polymarket, Morpho, Redotpay, etc. won because they were early to new categories before they became obvious.
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Crypto didn’t run out of ideas.
It just never solved enforcement.
We can verify and transfer anything.
But the rules disappear after transfer.
That’s why RWAs, payments, licensing, AI data all break.
This problem is obvious if you’ve worked in IP/contracts.
The next wave is assets that enforce their own rules.
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Somoene asked me a million dollar qusestion: "What products should be built in crypto?"
Imo the easy low hanging fruit is no longer available. What could be built within crypto was largely already done
Would say its definitely not another perp dex, prediction market, generic money market or L1
I imagine the next big crypto business will be built by a founder with non crypto domain expertise (e-commerce, energy, farming - whatever) using crypto to solve some of the real problems their niche is facing
e.g. I don't think the next big win comes from a crypto native founder who only knows crypto, trenches, DeFi etc...but from someone who comes from the outside
fiskantes ⭐️🩸@Fiskantes
Next wave of crypto founders will build meaningful products that leverage crypto as a base technology for businesses with lasting value Gone are the days of catering to the same 10k CT degens, bribing them with cheap incentives to generate non-organic activity to boost fake KPIs Reach out if you and your project vibe with this take
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Well in that case…
We’re building infrastructure for assets that enforce their own rules after transfer (patent pending).
Not another L1 - a missing primitive for RWAs, payments, and agentic capital.
If you’re investing in onchain finance, this unlocks things current systems can’t do.
DMs open.
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Attention Builders:
A bunch of Crypto VCs that are actively deploying are responding to @dunleavy89 tweet so creating a full list here:
1. @recvcx @CraigBurel
2. @lattice_fund @MikeZajko
3. @PortalVentures @Evanzsolomon
4. @blockchaincap @jonah_b
5. @HashgraphVC @neuralunlock
6. @greenfield_cap @claudedonze
7. @DraperVC @maxime_bucaille
8. @coinfund @EvanTheFeng
9. @v3v_ventures @0xstajus
10. @KosmosVC @maybeltr
11. @VarrockVC @richardchen39
12. @etherfi_VC @DaveHsu
13. @HaunVentures @Beylin
14. @DextForce
15. @ColliderVC @TheEylon
16. @ZeePrimeCap
17. @VerdaVentures @amitochu
18. @Delphi_Ventures @Shaughnessy119
19. @FryCookVC (privacy focus)
20. @equilibrium_co @mhonkasalo
21. @pet3rpan_ @1kxnetwork
22. @hashgraphvc @iwillpat
Will continue adding to this list!
Tom Dunleavy@dunleavy89
The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.
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@AlexLWitt @VerdaVentures Agentic payments without constraints is just giving AI a blank check.
We’re building assets that enforce their own rules after transfer - so capital can only be used as intended.
Missing layer in stablecoin infra.
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We have capital to deploy at @VerdaVentures and are actively seeking excellent stablecoin infra companies to invest in, in particular payments, remittances, banking services, and agentic payments.
Tom Dunleavy@dunleavy89
The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.
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I’ve generated ~$100M in value over 5 years (5.5x–30x MOIC).
One thing I didn’t expect:
early-stage investing isn’t primarily idea-driven.
It’s pattern-matched — prior exits, elite schools, network proximity.
Which means a lot of important things get built outside that filter.
The next generation of crypto won’t be single tokens.
It will be systems where assets enforce their own rules — before, during, and after transfer.
That’s what I’m building at trustlogic.global.
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The shift in the crypto fundraising landscape the past 6 months has been insane.
Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks.
Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high.
Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success).
Deals that used to close in 2-3 weeks now close in 2-3 months.
Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!).
There are now realistically <20 firms writing checks in pre-seed/seed.
VCs basically have the pick of any deal they want, with more time to do DD.
IMHO 25/26 are going to be historic vintages for those who stick around.
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@cmdlabs_ATX @jbrukh @coinfund That makes sense - you’re anchoring value externally.
I’m focused on a different constraint:
ensuring assets (not just money) can only be used within their intended rules.
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Fair point — separation of concerns is a solid pattern. But CMD’s exogeneity isn’t really a token design choice. The Comcart lives completely outside the protocol. Nothing inside the system can touch it. The separation is already there, just at a different layer than most dual-token designs
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If you are building in crypto, you should chat with our team at @coinfund!
We are deploying across decentralized AI, quantum, prediction markets, stablecoin payments, RWA, purpose-built L1s, and more.
Tom Dunleavy@dunleavy89
The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.
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@cmdlabs_ATX @jbrukh @coinfund Not saying CMDV isn’t exogenous.
Just pointing at the pattern - separating concerns unlocks capabilities single-token designs can’t.
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@TrustLogicRWA @jbrukh @coinfund Unsure of what you mean by this. CMDV is a truly exogenous system. No single force or relationship can affect it.
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@etherfi_VC @ether_fi The next generation of crypto won’t be single tokens.
It will be systems of tokens - each responsible for one thing, and impossible to break together.
TrustLogic is the enforcement layer.
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We are deploying
- $0.5-1m checks
- founders that are rebuilding finance
- live product w/ traction + growth
We plug you directly into the @ether_fi ecosystem
- $5.3B in TVL
- $600M in vault products
- tens of thousands of active users
- $1B annual volume card program
Tom Dunleavy@dunleavy89
The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.
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@UnboundScience @dunleavy89 Justice on-chain shouldn’t start after something goes wrong.
It should be built into the asset itself - before, during, and after every transfer.
Many use cases emerge when you separate control from value.
See whitepaper @ trustlogic.global
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@dunleavy89 We're still waiting for narratives to mature in VC-land. Decentralized Science, History, and even Justice are coming on-chain. Who will put their money where their mouth is and truly back some crazy founders with massively disruptive ideas?
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A new design pattern is emerging in crypto: split the asset.
Most tokens try to do everything at once: value, control, liquidity, behavior.
That’s the problem.
We’re starting to see systems break assets into layers:
• CMDV separates reference value from market liquidity
• TrustLogic separates control from economic rights
Different use cases — same shift.
Unbundle the asset. Constrain each layer.
Why this matters:
Monolithic tokens fail under stress:
• price = truth → instability
• ownership = control → rules break
• liquidity = entitlement → misuse
Layered tokens fix this by design:
• value can be stable even if markets move
• control can persist even if ownership changes
• behavior can be enforced, not assumed
This is how you get:
• capital that doesn’t collapse
• assets that don’t break their rules
• systems that don’t rely on trust at the edges
It’s not a new token standard.
It’s a new way to design financial systems.
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@cmdlabs_ATX @jbrukh @coinfund The next generation of crypto won’t be single tokens.
It will be systems of tokens - each responsible for one thing, and impossible to break together.
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@cmdlabs_ATX @jbrukh @coinfund Dual tokens are the real unlock.
FTX showed what happens when value, control, and liquidity are mixed.
CMDV splits value from liquidity.
TrustLogic splits control from usage.
Unbundle the asset. Constrain the system.
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Rules that don’t travel with the asset aren’t really rules.
That’s where most systems break.
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Where do you see the biggest opportunity for assets that enforce their own rules?
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OpenSea vs Blur showed something simple:
royalties weren’t real — just platform policy
if rules don’t travel with the asset
they aren’t really rules
we built a way for them to
smart assets → asset trusts
• capital can’t be misused
• assets enforce their own terms
• compliance persists across platforms
@garrytan @nikitabier @Jason @rleshner
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@CoinMarketCap TrustLogic works standalone for privacy/confidentiality or layered with TEE/ZKP. Thoughts? @CoinMarketCap
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Great article on why blockchains need confidential compute for real adoption beyond speculation!
Here's a practical proposal: While TEEs and ZKPs deliver strong technical privacy, TrustLogic adds the missing legal enforceability layer using trust law.
It provides confidentiality by design — no PII on-chain, off-chain verification only — making it ideal for finance, RWAs, and enterprise use cases.
Quick comparison:
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OPINION: 🗣️ Blockchains must incorporate confidentiality if they are to move beyond speculative markets into core financial, enterprise, and AI systems, argues Horizen Labs CEO Rob Viglione.
coinmarketcap.com/academy/articl…
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Totally fair take - we can't fix a blockchain's base-layer reliability or outage history. That's on the L1 teams.
But we can solve a massive pain point in crypto lending markets that institutions keep hitting:
smart contracts execute, but they don't enforce.
Defaults, compliance, rehypothecation, and remedies still rely on off-chain legal cleanup or hope.
TrustLogic adds an enforceable trust-law layer (trustee authority token + revocable beneficiary rights) so rules and remedies travel with the asset.
In lending, collateral automatically transfers on default with no court order needed. Stablecoins can be purpose-bound and compliant by design.
Whitepaper here: trustlogic.global/whitepaper/Tru…
Do you think this kind of innovation (enforceable on-chain obligations) could help override chain tribalism for stablecoin capital looking for decent yields on Solana - or is base-layer battle-testing still the unbreakable gatekeeper?
Curious on your take. @andyyy
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I question this take (and welcome criticism from the Solana crowd here), here's why:
If I'm a stablecoin holder onchain what I want to have access to is a very safe, secure, resilient onchain ledger that is extremely battle tested in terms of DeFi protocols.
In this regard, for me at least, it's Aave > Solana lending markets. That's a very basic, and perhaps reductionary take, but as a stablecoin holder onchain I want to be in the safest spot with decent yields.
No chance of Thanksgiving Day turkey chart, essentially.
Now...
That isn't the thinking behind the *entirety* of stablecoin holders onchain. If the yields are just damn better onchain somewhere else, they may end up going over there regardless of where they sit on the chain tribalism spectrum.
Seraphim is working on some very interesting custodial BTC lending products that may unlock another wave of new demand for borrowing onchain (and get the flywheel spinning), so maybe this is where Solana starts to pick up the pace on the stablecoin side of things.
To be determined....
Seraphim@MacroMate8
why would stablecoin holders on ethereum move to solana? imo it’s upcoming borrowing demand from BTC sitting in custodians lending protocols like kamino and juplend will allow USD lenders to earn high scaleable yield collateralised by BTC in tier 1 custodians billions
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@a16zcrypto @PaulFrambot @Morpho Everyone says banks don’t trust each other.
That’s not the real problem.
The real problem is the asset itself can’t be trusted.
Fix that — and you don’t need to trust anyone.
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Open markets can make finance more transparent, competitive, and efficient.
@PaulFrambot, cofounder and CEO of @Morpho, on what it means to build lending and borrowing onchain.
0:00 Intro
0:36 What Morpho actually does
5:26 Why Wall Street is paying attention now
6:46 Who’s adopting onchain finance first: Banks or asset managers?
9:57 The race for a Euro stablecoin
10:49 The future of finance, 5–10 years out
11:16 Why finance is still broken
13:30 What open mortgage and credit markets could become on open blockchains
15:14 The worst advice Paul's received as a founder
17:17 What's wrong with an $8 croissant
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@ZeusRWA You’re thinking about it the right way.
But tokenization doesn’t really change anything unless the rules travel with the asset.
That’s where it actually becomes powerful.
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I think my interest in Tokenization is different to most. People in this space jump from trend to trend, whatever’s hot at the time. You see it happen fin now and with any other hot topic. But tokenization doesn’t feel like that to me. It feels a whole lot bigger. It’s not just another narrative, it’s a shift in how things actually work.
Ownership, access, how money moves - all of it changes. That’s why I pay attention to it. I want to be part of the first few who saw the potential for this to be revolutionary.
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