MH Ventures launched Fund I with a focused mission: to back exceptional founders building real utility at the frontier of Web3. Since inception, we’ve invested across infrastructure, decentralized finance (DeFi), Artificial Intelligence (AI), Real World Assets (RWAs), and digital assets, partnering with early teams that are now shaping the next era of decentralized innovation.

The projects highlighted in this publication represent select portfolio companies from Fund I, builders turning vision into traction and measurable impact across the ecosystem as we closely follow their journey.

Looking ahead, MH Ventures is now preparing to launch Fund II, expanding our mandate to support the next generation of category-defining founders.

For those interested in learning more, investor inquiries are welcome.

AI needs GPUs, but supply can’t keep up. Janction is solving that by unlocking idle GPUs from individuals and companies, turning unused hardware into a global compute network. After selling 7,000 nodes and surpassing $4M in revenue, they’re now partnering with Panasonic R&D and scaling across Asia. 

Their $JCT token launched on the 11th of November on Binance. $JCT fuels the ecosystem by paying out GPU rewards, enabling staking, and powering next-gen GPU applications such as video rendering and upscaling.

AI’s next leap is data that teaches itself. GAIB is building autonomous AI agents that can generate, test, and refine data autonomously, creating a smarter, self-improving ecosystem. 

GAIB just launched the AI Dollar (AID) and sAID,  the first assets that let anyone earn a real yield from funding AI and robotics infrastructure. This marks a major step in bringing the AI economy on-chain, turning GPUs and robotics into investable, yield-generating assets and giving users a direct way to participate in the growth of the AI industry.

RISE is building an open, programmable digital financial system designed to bring global capital markets fully onchain. The team believes the future of finance will be powered by programmable markets, open systems where anyone can innovate and trade freely without intermediaries.

With 3ms testnet speeds, RISE is setting a new performance benchmark making Web3 fast enough to compete with traditional finance and enabling truly global, permissionless market access.

This vision takes a major step forward with RISE’s acquisition of BSX Labs, the team behind the BSX perpetuals DEX, bringing deep expertise from over $15B in orderbook trading volume. The integration accelerates RISE’s development of fully onchain, synchronously composable orderbook infrastructure on the EVM, combining programmable markets with CEX-grade execution.

Keira sat down with Iggy, Chief Investment Officer at Theo Network, to record an episode of the DealFlow podcast, during which they talked about bringing real-world capital markets onchain. Below is a short Q&A snippet from that conversation.

1. Who are you, and what’s the story behind your project?

I’ve spent my career across Wall Street, hedge funds, and crypto, and I saw firsthand how outdated the pipes of traditional finance are. With Theo Network, we’re rebuilding the bridge so anyone, anywhere, with just a few dollars and a phone can access the same high-quality assets as wealthy investors in the U.S. 

I first backed the team as an investor and advisor, then jumped in as Chief Investment Officer once I saw we could actually make that vision real.

1. What problem in crypto frustrates you the most, and how are you fixing it?

My biggest frustration is “tokenization theater” - assets get tokenized, a press release goes out, and then nothing really goes onchain or works for real people. We’re fixing that by taking blue-chip financial assets like U.S. Treasury bills and gold and making them liquid, tradable, and easy to use directly onchain. 

In simple terms: “I can finally do something useful with this from my phone.”

1. If I only hold BTC or ETH, why should I even care about what you’re building?

If you already hold BTC or ETH, Theo is the bridge that lets you park some of that capital in dollar yield, gold, and stocks without leaving the onchain world. Our first product feels like a stablecoin that actually pays you the underlying T-bill yield. Current stablecoins take the yield for themselves and pay you nothing. It’s a simple way to diversify your crypto stack into real-world assets while still living in the ecosystem you know. 

After only three months, we have 83,500 users in 60+ countries - folks are paying attention.

1. What makes your approach different from all the noise in crypto right now?

A lot of projects talk about bringing traditional assets onchain and then just let them sit there. Theo is built by crypto-native market makers whose success depends on real trading activity, so we obsess over deep liquidity, integrations, and making these assets actually usable day-to-day. Combined with blue-chip partners on the underlying products, that means both high quality and real usage, not just big TVL numbers in a slide deck.

1. What’s next… what should I be watching for in the next 6 months?

Over the next six months, we’re rolling out tokenized gold, silver, and our first wave of major stocks, so you’ll be able to build a real onchain portfolio across T-bills, commodities, and equities. We’re also plugging Theo into more exchanges, so liquidity, accessibility, and yields all improve as usage grows. This will grow our trading volume, which is already $500MM/month!

If you’re watching from the sidelines, keep an eye on how quickly our onchain volumes and global user base ramp, that’s the clearest signal this is working.

Dealflow dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

• DoubleZero: The New Internet is Coming. Will DoubleZero Win? 

Building an open system that makes AI faster and cheaper by letting anyone share and access computing power worldwide.

• Miden: From Zero to $25M: The Real Story Behind Web3 Blockchain Startup Miden

Building a faster, more private way to use digital apps and transactions.

• Vana: Big Tech is Selling Your Data. Vana lets you get paid instead

A platform that allows individuals to pool personal data privately, which can then be monetized, eg, Spotify and Social media data. 

• DAIN: The AI Agent Big Tech Doesn't Want You to See

Building a global network where AI agents transact, negotiate, and solve problems for us without intermediaries.

• 3DOS: The Future of Manufacturing: Anything You Want Printed On Demand

Building an open, global network for 3D printing, connecting designers, manufacturers, and consumers so anyone can produce real products anywhere.

• 0G (Zero Gravity): Inside the $2B Bet on AI and Crypto

Creating an open network where anyone can supply or tap into computing power to build and run AI models.

Subscribe to YouTube for shorts: https://www.youtube.com/@DealFlowPodcast/shorts

Follow on X: https://x.com/dealflowpodcast

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.

MH Ventures launched Fund I with a focused mission: to back exceptional founders building real utility at the frontier of Web3. Since inception, we’ve invested across infrastructure, decentralized finance (DeFi), Artificial Intelligence (AI), Real World Assets (RWAs), and digital assets, partnering with early teams that are now shaping the next era of decentralized innovation.

The projects highlighted in this publication represent select portfolio companies from Fund I, builders turning vision into traction and measurable impact across the ecosystem as we closely follow their journey.

Looking ahead, MH Ventures is now preparing to launch Fund II, expanding our mandate to support the next generation of category-defining founders.

For those interested in learning more, investor inquiries are welcome.

AI needs GPUs, but supply can’t keep up. Janction is solving that by unlocking idle GPUs from individuals and companies, turning unused hardware into a global compute network. After selling 7,000 nodes and surpassing $4M in revenue, they’re now partnering with Panasonic R&D and scaling across Asia. 

Their $JCT token launched on the 11th of November on Binance. $JCT fuels the ecosystem by paying out GPU rewards, enabling staking, and powering next-gen GPU applications such as video rendering and upscaling.

AI’s next leap is data that teaches itself. GAIB is building autonomous AI agents that can generate, test, and refine data autonomously, creating a smarter, self-improving ecosystem. 

GAIB just launched the AI Dollar (AID) and sAID,  the first assets that let anyone earn a real yield from funding AI and robotics infrastructure. This marks a major step in bringing the AI economy on-chain, turning GPUs and robotics into investable, yield-generating assets and giving users a direct way to participate in the growth of the AI industry.

RISE is building an open, programmable digital financial system designed to bring global capital markets fully onchain. The team believes the future of finance will be powered by programmable markets, open systems where anyone can innovate and trade freely without intermediaries.

With 3ms testnet speeds, RISE is setting a new performance benchmark making Web3 fast enough to compete with traditional finance and enabling truly global, permissionless market access.

This vision takes a major step forward with RISE’s acquisition of BSX Labs, the team behind the BSX perpetuals DEX, bringing deep expertise from over $15B in orderbook trading volume. The integration accelerates RISE’s development of fully onchain, synchronously composable orderbook infrastructure on the EVM, combining programmable markets with CEX-grade execution.

Keira sat down with Iggy, Chief Investment Officer at Theo Network, to record an episode of the DealFlow podcast, during which they talked about bringing real-world capital markets onchain. Below is a short Q&A snippet from that conversation.

1. Who are you, and what’s the story behind your project?

I’ve spent my career across Wall Street, hedge funds, and crypto, and I saw firsthand how outdated the pipes of traditional finance are. With Theo Network, we’re rebuilding the bridge so anyone, anywhere, with just a few dollars and a phone can access the same high-quality assets as wealthy investors in the U.S. 

I first backed the team as an investor and advisor, then jumped in as Chief Investment Officer once I saw we could actually make that vision real.

1. What problem in crypto frustrates you the most, and how are you fixing it?

My biggest frustration is “tokenization theater” - assets get tokenized, a press release goes out, and then nothing really goes onchain or works for real people. We’re fixing that by taking blue-chip financial assets like U.S. Treasury bills and gold and making them liquid, tradable, and easy to use directly onchain. 

In simple terms: “I can finally do something useful with this from my phone.”

1. If I only hold BTC or ETH, why should I even care about what you’re building?

If you already hold BTC or ETH, Theo is the bridge that lets you park some of that capital in dollar yield, gold, and stocks without leaving the onchain world. Our first product feels like a stablecoin that actually pays you the underlying T-bill yield. Current stablecoins take the yield for themselves and pay you nothing. It’s a simple way to diversify your crypto stack into real-world assets while still living in the ecosystem you know. 

After only three months, we have 83,500 users in 60+ countries - folks are paying attention.

1. What makes your approach different from all the noise in crypto right now?

A lot of projects talk about bringing traditional assets onchain and then just let them sit there. Theo is built by crypto-native market makers whose success depends on real trading activity, so we obsess over deep liquidity, integrations, and making these assets actually usable day-to-day. Combined with blue-chip partners on the underlying products, that means both high quality and real usage, not just big TVL numbers in a slide deck.

1. What’s next… what should I be watching for in the next 6 months?

Over the next six months, we’re rolling out tokenized gold, silver, and our first wave of major stocks, so you’ll be able to build a real onchain portfolio across T-bills, commodities, and equities. We’re also plugging Theo into more exchanges, so liquidity, accessibility, and yields all improve as usage grows. This will grow our trading volume, which is already $500MM/month!

If you’re watching from the sidelines, keep an eye on how quickly our onchain volumes and global user base ramp, that’s the clearest signal this is working.

Dealflow dives into the stories behind the builders shaping the future of Web3. Each episode uncovers how founders are turning bold ideas into real products and culture-defining tech. No hype, no jargon, just raw insights from the people building tomorrow’s technology.

• DoubleZero: The New Internet is Coming. Will DoubleZero Win? 

Building an open system that makes AI faster and cheaper by letting anyone share and access computing power worldwide.

• Miden: From Zero to $25M: The Real Story Behind Web3 Blockchain Startup Miden

Building a faster, more private way to use digital apps and transactions.

• Vana: Big Tech is Selling Your Data. Vana lets you get paid instead

A platform that allows individuals to pool personal data privately, which can then be monetized, eg, Spotify and Social media data. 

• DAIN: The AI Agent Big Tech Doesn't Want You to See

Building a global network where AI agents transact, negotiate, and solve problems for us without intermediaries.

• 3DOS: The Future of Manufacturing: Anything You Want Printed On Demand

Building an open, global network for 3D printing, connecting designers, manufacturers, and consumers so anyone can produce real products anywhere.

• 0G (Zero Gravity): Inside the $2B Bet on AI and Crypto

Creating an open network where anyone can supply or tap into computing power to build and run AI models.

Subscribe to YouTube for shorts: https://www.youtube.com/@DealFlowPodcast/shorts

Follow on X: https://x.com/dealflowpodcast

MH Ventures is an early-stage venture firm investing in frontier Web3 technologies, digital assets, and the builders shaping the decentralized economy. Through Fund I, we’ve partnered with founders redefining infrastructure, DeFi, and digital coordination. As we prepare to launch Fund II, our focus remains the same, back conviction, utility, and long-term value creation.

For partnership or investor inquiries, contact invest@mhventures.io.