BAC

RWA-NATIVE

Since 2023 · Settled on chain

Since 2001 · Guardian of Global Capital

Stewardship, measured in decades.

From pensions to sovereign funds, we bring discipline and patience across 24-year market cycles.

About the firm

Traditional capital, translated on chain.

Founded in 2001, chain-settled since 2023. We custody regulated real-world assets through licensed SPVs, then translate them into on-chain notes provable against a Merkle root. From endowments to sovereign wealth, from pension funds to family offices — the same discipline, the same patience, now with cryptographic proof.

Read the approach

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Founder's film · 90 s

On-chain transparency

Real-world assets, on-chain proof.

We custody real-world assets through regulated SPVs, then issue matching on-chain notes. Every position is provable against a Merkle root, refreshed every settlement window.

How the bridge works
  • Last on-chain settlement

    2 h 12 m ago

    Ethereum · 0x7a4c…d2b1

  • Tokenized treasury attested

    $12.4B

    Merkle root 0x7a…9c3

  • Chain of record

    Ethereum + Base

    Attestations mirrored to IPFS

  • Custodial legal wrap

    Cayman SPV

    FINMA-supervised sub-custody

Our Philosophy

Preserve. Compound. Repeat.

We approach capital as multi-generational trust. Every decision is measured against decades, not quarters.

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Annual Report 2024 now available

Seven decades of stewardship, one letter at a time.

Read the report

Where we work

  • Leadership

    A partnership of investors, operators and regulators with multi-decade tenure.

    Meet the team
  • Insights

    Notes from portfolio construction, market microstructure and regulatory shifts.

    Read insights
  • Investor Relations

    Annual reports, quarterly letters, ESG disclosures — the full archive.

    Enter IR

For Limited Partners

Access reports, filings and the LP portal.

LP-restricted documents, capital call notices and NAV statements available through the secure portal.