Analyst signals
Metrics use all recorded activity through 21 Jul 2026 across seed. Later-round outcomes are capped at the period end.
These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.
People
No team details are available yet.
Portfolio
Full financing histories for portfolio companies. Highlighted rounds are those where Susquehanna Crypto is recorded as an investor.
3F Labs is building 3F, a DeFi protocol on Ethereum mainnet that lets users take leveraged exposure to tokenized real-world assets (RWAs) and lets stablecoin holders earn yield by lending against RWAs through Morpho-powered vaults. It serves both retail depositors seeking leveraged RWA exposure or yield, and institutions requiring permissioned liquidity for bridge facilitation and liquidations.
Saturn Credit is a Bitcoin-backed structured finance protocol that gives investors access to institutional-grade, risk-adjusted yield through digital credit products. Its flagship offerings, USDat (a stablecoin backed 100% by tokenized U.S. Treasury Bills) and sUSDat (a staked version backed by digital credit such as Strategy's STRC), let users access and amplify exposure to Bitcoin-collateralized credit markets. It primarily serves crypto-native investors, DeFi users, and institutions seeking exposure to Digital Asset Treasury Company (DAT) credit instruments.