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Merkle Tree Capital

Venture capital

Road Town

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Investment thesis

Merkle Tree Capital views information technology as evolving through multi-decade cycles of emergence, expansion, consolidation, and decentralization. The firm believes the new asset class enabled by blockchain technology represents an investment opportunity poised to commoditize incumbent business models and drive a new wave of innovation.

Invests inCrypto & Web3Road Town

Source: firm website, verified Aug 3, 2026.

HQ
Road Town, VG
Founded
2018
Tracked investments
16

What they invest in

from 8 of 16 portfolio companies

Crypto & Web3 Γ—7Data & Infrastructure Γ—3Fintech Γ—2Cybersecurity Γ—1Social Γ—1

HQs:United StatesΓ—2

Investments Β· 16 tracked

founders shown can be your intro path
Decreddecred.org𝕏

Decred is a cryptocurrency protocol that uses a hybrid proof-of-work and proof-of-stake consensus system, emphasizing holder participation through direct voting rights and treasury-funded development.

Crypto & Web3

tacotime

DOTpolkadot.network
Edgewaedgewa.re
Good Moneygoodmoney.com

A customer-owned banking platform that invests 50% of profits toward environmental protection and social justice initiatives.

Hivehive.one𝕏

Hive indexes and ranks Twitter accounts by community, identifying notable figures within communities based on follower networks and social graph analysis.

Data & InfrastructureSocial

KSMkusama.network𝕏

Kusama is a blockchain network serving as an experimental platform for zero-knowledge technology and decentralized applications.

Crypto & Web3

Ocean Protocoloceanprotocol.com𝕏
Orchid Labsorchid.com𝕏

Orchid builds decentralized Web 3.0 technology to enable digital privacy and peer-to-peer marketplaces on Ethereum.

Crypto & Web3CybersecurityData & InfrastructureSector AgnosticSan Francisco, US

Brian J. Fox(Director)Gustav Simonsson(Director)Stephen Francis Bell(Executive Officer, Director)Steven Richard Waterhouse(Executive Officer, Director)Jay Freeman(Director)

Pocket Networkpokt.network

Pocket Network provides decentralized infrastructure for Web3 applications, enabling developers to access blockchain data without relying on centralized providers.

Crypto & Web3Data & InfrastructureTampa, US

Pabel Nunez(Treasurer)Michael O'Rourke(President)Luis Correa(Vice President)Valerie Benitez(Secretary)Gregory M Karch(Authorized Representative, Attorney, DLT Law Group, P.A.)

Synthetix Synthetic Assetsynthetix.io𝕏

Synthetix is a decentralized perpetual futures protocol built on Ethereum that combines off-chain order matching with on-chain settlement to provide low-latency trading of cryptocurrency derivatives.

Crypto & Web3Fintech

Terraterra.money𝕏

Terraform Labs operated in the cryptocurrency and blockchain space.

Crypto & Web3

Thorchainthorchain.orgin𝕏
Yearn Financeyearn.finance𝕏

Yearn is a decentralized finance protocol offering automated yield-generating vaults that allocate deposited crypto assets across DeFi opportunities to produce risk-adjusted returns.

Crypto & Web3Fintech

Portfolio news

latest coverage across their companies

Frequently asked questions

What sectors does Merkle Tree Capital focus on?
Merkle Tree Capital focuses on Crypto & Web3.
Where is Merkle Tree Capital located?
Merkle Tree Capital is headquartered in Road Town, VG.

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