Mechanism Capital — 2021 Investments
11 investments dated 2021 · listed companies and verified rows first · show all
Ardana is a decentralized finance (DeFi) project on the Cardana blockchain offering a US Dollar-pegged, collateral-backed stablecoin and related primitives such as borrowing against locked collateral and stablecoin swaps.
Crypto & Web3Fintech
Ryan Matovu(Founder)in
Co-investorsTenzor CapitalAscensive AssetscFundFMFWKronos ResearchMorningstar Ventures+2 more
BENQI is a decentralized finance protocol on the Avalanche blockchain offering liquid staking of AVAX (via sAVAX), lending and borrowing of crypto assets, and tools for bootstrapping validators.
Crypto & Web3Fintech
JD Gagnon(Founder)
Co-investorsArrington CapitalAscensive AssetsBorderless VentureDragonflyGenblock CapitalKane & Rao Group+6 more
Biconomy provides developer tools and APIs that handle transaction infrastructure for blockchain applications.
Aniket Jindal(Founder)in
Co-investorsBitDAOBorderless VentureCoinbase VenturesCoinFundCreative Destruction Lab (CDL)D11-Labs+29 more
Ember Sword is a social sandbox open-world MMORPG set in the fictional world of Thanabus, featuring class-based PvP/PvE combat and player-owned land and digital assets.
Crypto & Web3Gaming
Co-investorsBitDAOMantle NetworkMoon HoldingsMoonfire VenturesTaisu VenturesAnimoca Brands+4 more
Genopets is a mobile game that incentivizes physical activity and real-world movement by connecting players' daily steps to gameplay progression and rewards.
ConsumerGamingWellness & Fitness
Albert Chen(Founder)Benjamin Tse(Founder)Jay Chang(Founder)
Co-investorsAlliance DAO (ex DeFi Alliance)Impossible FinanceKonvoy VenturesNext VenturesPantera CapitalSamsung Next+4 more
NAOS Finance is a blockchain lending protocol connecting DeFi lenders with SME borrowers using tokenized real-world assets.
Co-investorsCoinbase VenturesSora VenturesYoubi CapitalAU21 CapitalCollider VenturesCrypto com Capital+11 more
Pendle is a crypto yield trading platform that lets users trade yield — including off-chain rates — with leverage, earn fixed yield, or take long positions on yield.
Crypto & Web3Fintech
TN Lee(Founder)
Co-investorsAlliance DAO (ex DeFi Alliance)Andromeda CapitalBitDAOBixin CapitalBixin VenturesCVP NoLimit+14 more
Pontem is a product development studio building blockchain products using the Move language on Aptos and other Layer 1 networks.
Crypto & Web3Developer ToolsFintech
Alejo Pinto(Founder)inArman Manukyanin
Co-investorsAlphaLab CapitalAlumni VenturesCaladanPantera CapitalVentureSouqWintermute+3 more
Allora Labs builds decentralized AI infrastructure that gives developers access to a self-improving collective intelligence network.
AI & Machine LearningCrypto & Web3Data & InfrastructureBoston, US
Nicholas Emmons(Executive Officer, Director)Corbin Pon(Director)
BoardMichael Anderson(Director)
Co-investorsBlockchain CapitalCoinFundBlockchain CoinvestorsCollab+CurrencyFramework Venture PartnersFramework Ventures+5 more
XDEFI, rebranding to Ctrl, offers a self-custody crypto wallet available as a Chrome extension and iOS/Android apps.
Crypto & Web3
Emile Dubié(Founder)in
Co-investorsCircle VenturesExtra WattsGenblock CapitalJustin “3LAU” BlauPlay VenturesRyze Labs+6 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.






























