Operator-investor · Family office
We build where compute, markets, and networks converge.
Group NDV builds, backs, and operates systems that do real work — compute and mining infrastructure, blockchain networks, and trading systems. We invest where technical depth creates durable advantage.
Capital for systems that do real work.
We are not a passive allocator. We take positions in the technical primitives underneath decentralized AI and markets — the compute, the protocol economics, and the low-level performance — and we stay close enough to help build them.
We start things, not just fund them
Several of our positions began as ventures we helped stand up — from the first Bittensor exchange to decentralized mining and compute. We are comfortable at the empty-repository stage.
Selective capital, deep diligence
We deploy capital deliberately into a small number of ventures we can evaluate on their merits — protocol design, unit economics, and engineering — rather than on narrative.
We hold and run infrastructure
Ownership means responsibility. Where we operate compute and mining, we treat uptime, efficiency, and cost as first-order problems, not afterthoughts.
We know when a thing is done
Some ventures reach their natural end — sold, matured, or wound down. We plan for that from the start and move capital toward the next hard problem.
Where we operate
Four fields, one seam.
Decentralized AI
Networks and markets that coordinate machine intelligence — inference, training, and the economics that make participation worthwhile.
Compute & mining
The physical substrate: hardware, energy, and the systems that turn watts and silicon into useful, sellable work.
Blockchain networks
Protocol economics, exchange design, and settlement — where incentives are code and small design choices compound.
Trading systems
Market microstructure, execution, and the autonomous agents that operate inside it. Latency and correctness are the product.
Selected portfolio
A record of built things.
Nine ventures across building, backing, and operating. A representative selection follows — the full list, with status and links, lives on the portfolio page.
GrandCroix.ai
Decentralized AI mining and compute infrastructure. A held, operating position.
Exited · 2022
tensor.exchange
The first exchange for Bittensor, enabling TAO to trade. Built early, exited.
HoldingPsiFi
Sending, receiving, and earning in crypto. A held position.
ExitedArbius
A decentralized machine-learning network.
HoldingGonka.ai
Participation in a decentralized AI network.
Track record
Depth is easier to claim than to show. Here is what we can.
We build across a full lifecycle — from first commit to exit — and we are candid about status. Some positions are held and operating; several have been exited or wound down.
How we work
From protocol economics to low-level performance.
We invest where technical depth creates durable advantage — and we do the engineering diligence to know the difference between a real edge and a good story. Read how we choose, build, and support what we back.
Building something at this seam?
We read every note. If you are working on compute, networks, or markets — and you value technical depth — we would like to hear from you.