Primitive Ventures

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Primitive Ventures

Primitive Ventures

@primitivecrypto

A frontier prop investment firm funding a better future for both IQ 50 & IQ 150. Not a VC, but we write VC checks. Tweets by interns. DMs open

🌍 Katılım Nisan 2019
6 Takip Edilen13.3K Takipçiler
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Primitive Ventures
Primitive Ventures@primitivecrypto·
Asia accounts for 60% of global crypto users and drives the largest share of retail liquidity. Yet many founders overlook simple facts, like: - Chinese users can register on Binance/OKX with a China ID without issue - The Korean market has no perps - Wallet overlap between USDT and USDC in the region is under 3% In collaboration with @ForesightVen, we’ve crafted the ultimate GTM playbook for Asia - the most actionable guide for founders looking to thrive globally.
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Primitive Ventures
Primitive Ventures@primitivecrypto·
$SPCX listing in 12 hours, nearly 4x oversubscribed on $300B+ in demand. Following the AI-driven capital market mania, SpaceX's IPO is now pushing demand for quality assets to its peak, in sharp contrast to Beijing forcing mainland users off Futu and Tiger. When surging appetite for quality assets runs into sovereign capital controls, it opens a massive window for onchain finance. In just one year, we've watched onchain stocks thrive: → Tokenized stocks crossed $1.4B in market cap → Equity perps hit nearly $7B in daily volume From SpaceX to OpenAI and Anthropic next, crypto has a shot at capturing the users caught between rising demand and tightening capital controls. The next frontier in finance is brokering the unbrokered.
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Dovey "Rug the fiat" Wan (hiring)@DoveyWan

Had a lot of convo with the "equity refugees" after Beijing blocking mainland users of Futu and Tiger from trading US assets, even forcing divestment on a deadline. This is exactly the kind of moment that creates massive openings for founders building permissionless access rails. And this won’t be the last one. As sovereign powers keep decoupling from the global monetary order, and from the USD’s grip over asset issuance and distribution, the next frontier in finance is no longer just banking the unbanked. Stablecoins, blockchain payment rails, and Bitcoin have already pushed that frontier forward for the last 15 years. The next one is brokering the unbrokered. As AI compresses the value of human brain-time, wealth preservation will come less from paycheck accumulation and more from productive asset accumulation. That’s why tokenization matters, not as another crypto wrapper, but as a new market infrastructure layer. Founders building onchain equities, RWA perps, tokenized brokerage, or the liquidity / clearing / collateral layer underneath it, DMs are open

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Primitive Ventures
Primitive Ventures@primitivecrypto·
Ironically, just as one of the ETH OGs exited, BitMine spent another $240M buying ETH last week.😂 It’s a microcosm of crypto shifting into CeDeFi. We’re at the inflection point to witness a new consensus building in the chaos. The game isn’t over but moving into an uncharted phase.
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David Hoffman@TrustlessState

x.com/i/article/2059…

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Primitive Ventures
Primitive Ventures@primitivecrypto·
This is why we've been saying it for a while. Over the past 15 years, we witnessed Bitcoin bank the unbanked. Over the coming years, we'll witness crypto broker the unbrokered. Six months ago, this was just a thesis. Today, it's beginning to happen.
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Primitive Ventures
Primitive Ventures@primitivecrypto·
Crypto is the best venue to absorb the capital form these ~1M users. Over the past year, crypto markets have been able to trade a wide range of RWAs, including FX, equities, commodities, pre-IPOs, and more. The maturation of tokenized equity and perp DEXs has opened up trading venues more diverse and accessible than ever before. Price discovery for every asset is migrating on-chain.
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Primitive Ventures@primitivecrypto·
Yesterday, FUTU and TIGR collapsed over 40%. With 8 departments coordinating, the goal is to uproot the entire stack: brokers, intermediaries, domestic operators, content platforms. Meanwhile, “crypto is brokering the unbroked” is shifting from thesis to reality. It’s not a sudden event but a nearly 5-year regulatory squeeze that the market refused to price in. The roots of this all trace back to 2021. ⏬
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Primitive Ventures@primitivecrypto·
While every exchange is racing to list Pre-IPO $SPCX, @tradexyz has quietly become the #2 Perp DEX. And it’s a sub-project buit on HIP-3. Crypto users on Web3 platforms would rather trade Web2 tickers than crypto assets. We once said DeFi would disrupt traditional finance, but now it looks like DeFi needs TradFi more than ever to survive.
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Primitive Ventures@primitivecrypto

x.com/i/article/2016…

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Primitive Ventures
Primitive Ventures@primitivecrypto·
Clearing infrastructure is one of the deepest and least appreciated layers in financial stack. As stablecoins, trading firms, and onchain finance scale, crypto will need its own native clearing stack. That's why we're excited about @cyclesmoney building a privacy-preserving clearing network for the next generation of monetary coordination
Cycles@cyclesmoney

We’ve raised $8.7M to bring clearing to the masses. Our new round was led by Blockchange to work on the most powerful idea in finance. It’s not just about moving money faster & cheaper; it’s about moving less while doing more.

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Primitive Ventures
Primitive Ventures@primitivecrypto·
Through every bull and bear cycle, we've kept backing the founders who look extremely weird but have a real shot at reshaping the industry.💪 If you missed the live earlier, go back and watch how @DoveyWan unpack Primitive's core investment thesis and share her take on the current market. 📺 Binance Square: app.binance.com/uni-qr/cspa/40…
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Primitive Ventures@primitivecrypto·
Watch live here NOW! 🔥 👇 app.binance.com/uni-qr/cspa/40…
Primitive Ventures@primitivecrypto

"Long substance, short status." In 10 hours, our founder @DoveyWan joins @binance for Episode 8 of Inside the Blockchain 100. A deep dive into the themes shaping this cycle: → DeFi × CeFi convergence → Stablecoins as financial rails → How Primitive's investment thesis is evolving 📅 May 19 · 13:00 UTC 📺 Live on Binance Square Set your reminder🔔

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Primitive Ventures
Primitive Ventures@primitivecrypto·
"Long substance, short status." In 10 hours, our founder @DoveyWan joins @binance for Episode 8 of Inside the Blockchain 100. A deep dive into the themes shaping this cycle: → DeFi × CeFi convergence → Stablecoins as financial rails → How Primitive's investment thesis is evolving 📅 May 19 · 13:00 UTC 📺 Live on Binance Square Set your reminder🔔
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Primitive Ventures@primitivecrypto·
We’re excited to co-host an intimate VVIP dinner with @OndoFinance and LTP @LTP_primebroker in HK this week, bringing together deep pockets capital allocators & leaders across TradFi, DeFi and RWAs trading and issuance If you’re in town and building at the frontier of institutional-grade finance onchain, join us: luma.com/OndoxLTPxPrimi…
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Dovey "Rug the fiat" Wan (hiring)
A few implications for future defi design after this watershed incident (KELP/LZ/Aave exploit): “money lego” and composability is not free lunch - LRTs/wrapped assets should never be treated as equivalent to native assets (same with the Binance wrapped assets in CEX) - Yield-enhanced wrappers are also risk-enhanced wrappers - Unified collateral pool lending models will be repriced - Every new collateral type doesn’t just add a market.. it adds a new risk on top - Lending/vaults protocols will increasingly compete on risk segmentation (im more bullish in modular pools) - More assets will prefer canonical issuance, native deployments, and limited bridge surface area - The cost of acquiring TVL on L2s & new dapps will keep going up: most lot of TVL was effectively rented through incentives, bridge convenience, wrappers, and leverage loops - That TVL will increasingly flow back to L1 & likely tradfi-linked assets - Human devops is the worst design by nature :(
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Centinel
Centinel@centinel_io·
@primitivecrypto What's the best way to get in contact? I'm unable to DM you. Thanks in advance.
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