Making trust instant, open and programmable
A research-driven global investment firm since 2018
Our Numbers
A note from our founding partners


We founded 1kx in 2018 on a structural claim: trust was about to become contestable, and the largest outcomes in technology would accrue to the networks and companies that compressed its cost.
Eight years, three market cycles, and more than 160 investments later, that claim has held. Decentralized finance, stablecoin payments, and the protocols beneath them produced the outcomes our 2018 thesis predicted. The data has sharpened the framework: Cost of Trust 2.0 names the two mechanisms by which the prize is captured.
What hasn't changed is how we work. We underwrite on fundamentals. We commit across cycles. We partner with founders building configurations that compound: the ones that require a blockchain to exist.
Partner Note


We founded 1kx in 2018 on a structural claim: trust was about to become contestable, and the largest outcomes in technology would accrue to the networks and companies that compressed its cost.
Eight years, three market cycles, and more than 160 investments later, that claim has held. Decentralized finance, stablecoin payments, and the protocols beneath them produced the outcomes our 2018 thesis predicted. The data has sharpened the framework: Cost of Trust 2.0 names the two mechanisms by which the prize is captured.
What hasn't changed is how we work. We underwrite on fundamentals. We commit across cycles. We partner with founders building configurations that compound: the ones that require a blockchain to exist.
Insights
Research shaping how we underwrite onchain markets.
Cost of Trust 2.0
From the addressable surface of trust to the mechanisms that capture it.
Read the thesisJune 2026Annual report2025 Onchain Revenue Report
Trailing 12-month protocol revenue across the onchain economy.
Read the reportOctober 2025Live dataOnchain Revenue Dashboard
The underlying dataset, updated continuously.
Explore the dashboardAlways currentInvestments
- Arweave
- Energy Web
- Nervos
- Oasis Labs
- Flexa
- IDEX
- Maker
- Nexus Mutual
- Nym
- Polkadot
- Radicle
- Curve
- Liquity
- Niftex (acquired)
- NuCypher
- Rocket Pool
- Sandbox
- Verto
- Cowswap
- Solana
- LI.FI
- MetaLabel
- Molecule
- Pudgy Penguin
- Reservoir
- Caldera
- Coop Records
- Elliptic
- Impossible Cloud
- Inco
- Kiln
- Lagrange
- Merkle Software
- Ramo
- Rhinestone
- Superstate
- The Citadel
- Canton
- Pump Fun
- Blockscout
- Cryptio
- Fabric Cryptography
- Ligero
- Mawari
- Moving Castles
- Optimum
- Pod Network
- Predicate
- Transak
- Voya Games
- BLUFF
- Giggles
- Ginza
- Kulipa
- Miden
- Orange Cap Games
- Ark Financial
- Kivi3
Backing the networks and companies that lower the cost of trust.
1kx in the news
- FUNDING NEWSMarc Andreessen, Galaxy Invest in 1kx’s $75 Million Crypto VC FundMarch 28, 2024Read
- FUNDING NEWS1kx raises $75 million in latest funding roundMarch 29, 2024Read
- INDUSTRY ANALYSISThe $20 Billion Shift: Why Crypto’s Revenue Story Has ChangedNovember 5, 2025Read
- 1KX OP-EDFinance Moving Onchain: Why Threat-Resistant Privacy Is the Path to Sustain GrowthApril 21, 2026Read
- PORTFOLIO NEWS1kx leads $5 million seed round for modular smart accounts developer RhinestoneAugust 14, 2024Read
- INDUSTRY ANALYSIS1kx: Onchain Economy Hits $20B as Fees Signal Real DemandOctober 30, 2025Read
- PORTFOLIO NEWSCamp Network raises $25 million to help firms collect AI copyright royalties using blockchainApril 29, 2025Read