Thesis*

Thesis* is a Bitcoin-focused venture production studio founded in 2014 that builds companies and protocols in-house rather than investing in outside teams. Operating under the banner "Money is power, Bitcoin is empowerment," it has incubated a portfolio spanning Bitcoin infrastructure and consumer finance - including tBTC (a decentralized, trust-minimized bridge that tokenizes Bitcoin on Ethereum), Mezo (an on-chain Bitcoin banking layer backed by the MUSD stablecoin), Fold (a Bitcoin rewards app), Acre (Bitcoin staking), and Taho (a community-owned web3 wallet). Led by CEO Matt Luongo, Thesis raised a $21 million Series A in 2021 and has become one of the most prolific studios building Bitcoin-native financial products.