# 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.

- **Founded:** 2014
- **Headquarters:** Atlanta, Georgia, United States
- **Founders:** Matt Luongo (Founder & CEO)
- **Team size:** ~44 employees
- **Products:** tBTC, Mezo, Fold, Acre, Taho
- **Notable:** Built tBTC, which has bridged 25,000+ BTC into DeFi via a decentralized, trust-minimized model., Incubated Fold, which processed $2B+ in transactions and distributed $70M+ in Bitcoin rewards., Raised a $21M Series A in 2021 backed by a16z, Paradigm, Polychain, ParaFi and Nascent.

## Products & services

- **tBTC** — A decentralized, trust-minimized bridge that tokenizes Bitcoin 1:1 on Ethereum, letting BTC be used in DeFi without a single custodian. Built via Keep Network / Threshold. Over 25,000 BTC bridged.
- **Mezo** — An on-chain Bitcoin banking layer that lets users borrow, lend and save against their Bitcoin without selling it, powered by the Bitcoin-backed MUSD stablecoin.
- **Fold** — A Bitcoin rewards app that pays users sats on everyday purchases; processed $2B+ in transactions and distributed $70M+ in rewards.
- **Acre** — A Bitcoin staking product that unlocks productive, on-chain yield for long-term Bitcoin holders.
- **Taho** — A community-owned, open-source, self-custody web3 wallet (formerly Tally Ho).
- **Threshold / Keep Network** — Cryptographic infrastructure for storing and sharing private data on public blockchains; the threshold cryptography that underpins tBTC.
- **Embody** — A privacy-forward menstrual cycle-tracking app with 100k+ downloads.

## Achievements

- Built tBTC, which has bridged 25,000+ BTC into DeFi via a decentralized, trust-minimized model.
- Incubated Fold, which processed $2B+ in transactions and distributed $70M+ in Bitcoin rewards.
- Raised a $21M Series A in 2021 backed by a16z, Paradigm, Polychain, ParaFi and Nascent.
- Launched Mezo's full-stack Bitcoin economy to mainnet with the MUSD stablecoin.
- Operating continuously as a Bitcoin-focused venture studio since 2014 - a rare decade-long run in crypto.

## Latest updates

- **2025-11** — Anchorage Digital and Mezo announced an institutional partnership to set a new standard for Bitcoin finance.
- **2025-07** — Mezo launched the Supernormal Foundation to accelerate BitcoinFi innovation and ecosystem growth.
- **2025-05** — Mezo launched what it calls the first full-stack Bitcoin economy to mainnet, anchored by the MUSD stablecoin.
- **2025-02** — Matt Luongo stepped back from Fold's board to focus on Mezo and the broader Thesis* portfolio.

## Links

- Website: https://thesis.co
- LinkedIn: https://www.linkedin.com/company/thesis-co
- Twitter/X: https://twitter.com/thesis_co
- GitHub: https://github.com/thesis
- Facebook: https://facebook.com/hellothesis/

---

Profile page: https://yespress.io/thesis
Published by YesPress — https://yespress.io
Last updated: 2026-07-10