Haun Ventures

Last night Diogo Mónica hosted a panel on the future of stablecoins with speakers from Coinbase and Lightspark to kick off BVNK's event in San Francisco. Stablecoins are a quiet revolution. Jesse Hemson-Struthers and the team at BVNK has been at the forefront of that revolution, helping businesses take full advantage of this technology to move money across borders and platforms instantaneously, without friction. ????

Today, we're pleased to announce our seed investment in Finisterra Labs. The amount of data on the internet is exploding, but the need for high-quality, structured data continues to be a critical bottleneck for humans and AI models alike. For a long time, the building blocks necessary for a platform to aggregate and incentivize the upkeep of high-quality data haven’t existed. But that’s changed. Diogo Mónica writes about why blockchain technology is uniquely suited to tackle this challenge and why we think this is the team to do it. https://lnkd.in/ggDp48T8

Stablecoins are crypto’s killer app: a $200 billion market that makes money faster and cheaper to send and receive, plugs into every country’s financial system, and strengthens the dollar’s position in global markets. But to unlock their full potential, they need a regulatory framework. This week, Senator Hagerty introduced that framework in the Senate. For founders and industry, the enactment of this bill as law would be a clear green light to build new applications and services that unlock stablecoins’ speed, efficiency, and global nature in ways other payment technologies can’t replicate today. This is an important step toward regulatory clarity for all of crypto. It’s also the correct policy path: betting on the private sector to innovate and compete versus enshrining a government-created answer like a CBDC. Great to see real momentum and efficient execution coming out of D.C. to deliver long-needed clarity for the crypto industry. https://lnkd.in/gpFVMjvg

Stablecoins are crypto’s killer app: a $200 billion market that makes money faster and cheaper to send and receive, plugs into every country’s financial system, and strengthens the dollar’s position in global markets. But to unlock their full potential, they need a regulatory framework. This week, Senator Hagerty introduced that framework in the Senate. For founders and industry, the enactment of this bill as law would be a clear green light to build new applications and services that unlock stablecoins’ speed, efficiency, and global nature in ways other payment technologies can’t replicate today. This is an important step toward regulatory clarity for all of crypto. It’s also the correct policy path: betting on the private sector to innovate and compete versus enshrining a government-created answer like a CBDC. Great to see real momentum and efficient execution coming out of D.C. to deliver long-needed clarity for the crypto industry. https://lnkd.in/gpFVMjvg

We believe the tokenization of assets will soon go mainstream as an important use case in crypto.

Today, we announced we’re leading the Series B?for BVNK, one of the global leaders in stablecoin payment infrastructure. With the stablecoin market now processing?$25.1 trillion annually, we believe their momentum to be undeniable. Legacy systems like SWIFT and SEPA, built decades ago, no longer seem sufficient to meet the demands of a fast-moving, interconnected global economy. Meanwhile, stablecoins offer a stepwise change in speed, transparency, and cost efficiency. Diogo Mónica writes that BVNK is not just participating this important financial transformation that is underway—this team is leading the way: https://lnkd.in/dYW8PnPE

In the decade since the first stablecoin was minted, they have emerged as a potentially transformative force in global finance and—without a doubt—the clearest case of product-market fit within crypto. Diogo Mónica and Chris Ahn explain why in a new post: ?? Many Countries, One Payments System ?? Smoother Rails, More Efficient Transit ?? Modernizing Money for Governments https://lnkd.in/gHDmwmQT

The crypto industry has many veterans who are building in this community, including those in the Haun Ventures portfolio. It is a privilege to work with them and we're are grateful for their service! ????

Chris Ahn spoke to Axios about the significance of Stripe's acquisition of Haun Ventures portfolio company Bridge: ?? "If you look at the traditional financial rails, Stripe is one of the many layers a dollar has to move through to process a payment," says Haun Ventures partner Chris Ahn. "Crypto allows them to own more of that stack or skip parts of that stack." (Haun Ventures invested in Bridge's Series A round.) ?? "Where Bridge was serving was at this intersection of cross-border payments, real-time payments and micro-payments," says Ahn. https://lnkd.in/gGktB9G2

There's a lot of talk about the ways in which crypto can enable something in AI. At TOKEN2049, Diogo Mónica explained that we are actually seeing many use cases where it is the other way around— AI is enabling something in crypto (as is the case with Haun portfolio team Chaos Labs).