Silver Tree Capital Management · Hong Kong · Est. 2024

Institutional
rails for
digital finance.

We back early-stage founders building the compliance, settlement, and distribution infrastructure that institutions require to engage with digital assets at scale.

$90M
2024
RWA · ZK · DeFi
Selected Portfolio
Ostium LabsRWA Perps · Series A
Plume NetworkRWA L1 · Series A
Nexus LabsZK Compute · Series A
BerachainLayer-1 · Pre-seed
Morpho LabsLending · Seed
Espresso SystemsSequencer · Series B
SuperformYield · Seed

How we invest

Silver Tree operates at the intersection of institutional finance and digital asset infrastructure. We invest early, stay through cycles, and bring operational depth alongside capital.

01

First Institutional Check

We write the first meaningful institutional check into infrastructure companies — typically pre-seed or seed — before product-market fit is established. Our conviction is thesis-driven, not momentum-driven.

02

Asia-Pacific Reach

Based in Hong Kong, we offer portfolio companies unparalleled access to institutional capital flows, regulatory relationships, and distribution networks across Asia's largest financial hubs — sovereign funds, family offices, and tier-one exchanges.

03

Equity & Token Mandate

Our mandate covers both equity and token positions, allowing us to support founders from pre-seed through token generation event and beyond — continuity of capital when it matters most.

04

Long-Term Conviction

We hold through cycles. Infrastructure companies take longer to build and longer to compound. We are structured to support that timeline with a fund designed for patient capital.

Selected investments

A selection of Silver Tree's portfolio companies. Not all positions are disclosed.

RWA · Perpetuals
Ostium Labs
On-chain perpetual swaps for real-world assets including equities, commodities, FX, and indices. $25B in cumulative trading volume.
Series A · New York
RWA · Layer-1
Plume Network
The first full-stack L1 blockchain purpose-built for real-world asset finance. $150M+ in RWAs deployed at mainnet launch.
Series A · San Francisco
ZK · Infrastructure
Nexus Labs
Zero-knowledge virtual machine enabling verifiable computation at scale. Backed by Lightspeed and Pantera Capital.
Series A · San Francisco
Layer-1 · DeFi
Berachain
EVM-identical L1 with Proof of Liquidity consensus. $3B+ TVL at mainnet launch in February 2025.
Pre-seed · Global
DeFi · Lending
Morpho Labs
Most trusted onchain lending network with $10B+ in deposits. Backed by a16z, Ribbit Capital, and Coinbase Ventures.
Seed · Paris
Infrastructure · L2
Espresso Systems
Shared sequencing marketplace enabling interoperability across Ethereum rollups. Series B led by a16z Crypto.
Series B · Remote
DeFi · Yield
Superform
Permissionless cross-chain yield marketplace. 125,000+ depositors earning optimised yield across protocols.
Seed · Miami
RWA · Real Estate
Parcl
On-chain perpetual exposure to real estate price indices across major global markets.
Seed · Global
Decentralised · Storage
Akave
Verifiable decentralised data storage with zero egress fees and compliance-ready audit trails.
Seed · Global

Why now.

The regulatory moment has arrived. The GENIUS Act established the first federal framework for payment stablecoins in the United States. Hong Kong's licensing regime created Asia's regulated hub for digital asset issuance. Nasdaq filed to trade tokenised securities on its main market.

The compliance overhang that suppressed institutional deployment of capital for five years has been resolved. The infrastructure layer of this new financial system is being built now — and the window to invest at early-stage valuations is closing.

Silver Tree was formed to participate in this moment: a fund with the mandate, network, and regulatory positioning to back the companies building institutional-grade digital finance. We are not a crypto trading fund. Our portfolio companies serve banks, custodians, asset managers, and exchanges.

"Tokenised real-world assets surpassed $38 billion in 2025. The infrastructure layer is where durable value accrues."
James Whitfield · Managing Partner
$38B+
$34B
$2.5B+

Get in touch.

Silver Tree is not currently accepting new fund subscriptions. If you are a founder building institutional digital asset infrastructure, or an existing partner with a question, we welcome your outreach.

management@silvertreecf.com
FundSilver Tree Crypto Fund I
ManagerSilver Tree Capital Management Ltd
HeadquartersHong Kong
Vintage2024
COOGreg Kalas
StrategyEarly-stage VC · RWA · Infrastructure