In order to accomplish this goal, Varys Capital relies on its 4 Pillars.
Four Pillars
In order to accomplish this goal, Varys Capital relies on its 4 Pillars.
Venture
Varys Capital invests in equity, tokens, and liquid positions. Additionally, the fund provides liquidity to support our portfolio companies.

Lulubit has built a fully licensed, bank-integrated crypto exchange across Panama, Guatemala, Costa Rica, and Honduras — with the Dominican Republic next. Think of it as the Coinbase for Central America, but purpose-built for the region's real financial needs: remittances, on/off ramps, stablecoin yield, and a MasterCard debit card (Lulucard) that lets users spend crypto anywhere.
Interval is a purpose built L1 that powers the monetization and licensing of enterprise data through an embedded exchange for AI organizations and financial institutions to power market intelligence.
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Inspired by Aerodrome's success and purpose-built to turbocharge Sui's growth, Momentum's ve(3,3) DEX will leverage the $500M total value locked (TVL) in Momentum's multi-signature liquidity layer to drive the next wave of DeFi innovation and user adoption. Unlike traditional DEX models that prioritize liquidity providers, the ve(3,3) tokenomics model ensures perfect alignment among all stakeholders – liquidity providers, traders, and protocols – by structuring incentives so that 100% of emissions, trading fees, and rewards flow directly to Momentum users, creating a flywheel effect.

LEVR is the first decentralized sports betting protocol that offers users leverage and liquid positions. It achieves this through a proprietary book-balancing algorithm, an in-game exchange market, and an oracle-based liquidation engine.

Tread Labs is building a distributed trading infrastructure platform for institutional clients. The protocol is a trading algorithm to democratize trading infrastructure in the Web3 space; the algorithm allows for automated trading and liquidity diversification that seamlessly integrates into your trading workflow to automate trade execution and minimize slippage.

Argument Computer Corporation is a minimal, powerful and performant zero-knowledge reduction-machine, providing a small instruction set surface across a range of cryptographic backends and language frontends.

Reya Chain eliminates privileged routing and opaque execution. Every participant gets equal footing with full transparency into order flow and fills, low-latency performance tuned for serious size, and native access to deep on-chain liquidity without fragmented pools or off-exchange risk.

SunSpear aims to rectify problems in traditional Web2 gaming, where players encounter toxic social environments, complex interfaces, and a lack of genuine asset ownership. The solution lies in leveraging blockchain technology to transform the gaming experience within the RTS and MOBA genres. IMMORTAL merges these popular genres and elements of Action RPGs, eliminating the complexities that often deter average players (e.g., keyboard-intensive gameplay). IMMORTAL allows players to own their in-game assets as NFTs, creating real-world value from players' in-game accomplishments. This feature opens a new way to monetize gameplay for players, fostering long-term participation and loyalty.

Shrapnel, the world’s first AAA blockchain-based FPS game, was built with Unreal Engine 5. The Shrapnel platform includes unique player creation tools for UGC, open-world combat, player-owned maps, and proprietary GameFi infrastructure software. Building on their Avalanche Subnet, Shrapnel’s custom blockchain solution empowers the community to create, trade, and monetize in-game assets without network performance bottlenecks.

Nirvana Labs is a “Web3-native AWS” and node solutions provider, with the potential to be the backbone of the entire digital assets industry. All major L1 networks maintain a handful of publicly available RPCs, but most projects need to keep their own node infrastructure to support a broad user base. There are many types of nodes that are required to maintain and interact with blockchains. Until Nirvana Labs, all node infrastructure solutions were run on top of AWS or similar cloud providers. In contrast, Nirvana Labs built its own cloud infrastructure from the bare metal up, purpose-built for low latency, creating inherent pricing, uptime, and latency advantages.
Movement Labs is on a mission to create a global community of Move builders who will work together to increase the security, performance, and user experience of building in decentralized networks. Movement Labs is developing the Layer 1 (“L1”) blockchain network of the future by using Avalanche Subnet and HyperSDK tooling to support multiple custom L1 blockchains and solve the issues monolithic chains face today.

Bloxtel is developing a groundbreaking software layer between wireless networks and IoT devices, enabling CAPEX savings and operating margin expansion for mobile network operators, increasing security and lowering latency for the end user. Bloxtel's patent-pending technology offers Web3 data roaming between traditional and decentralized public and private wireless networks while being backwards compatible with 4G and 5G, without the need for legacy symmetric key authentication and associated hardware. With dSIM, Bloxtel generates revenue on data roaming across all networks and could be seen as the first DeWi “super operator”, as all 6G roaming would flow through dSIM technology.

Brickken is creating a dApp that provides the infrastructure needed for companies to bring their assets on-chain and self-fund themselves via Security Token Offerings, and for DAOs to be able to operate in a legally compliant environment.

Arties created a gateway for traditional artists to bring their talents into the Web3 space, making fine art universally accessible.
Supra gives you the benefits of L2s and AppChains without any of the drawbacks. You can access Supra's 500k TPS L1 performance, the MultiVM advantage, and native Oracle services without any added overhead or complexity.
Credefi is an innovative lending platform that offers crypto lending, collateralized with real-world assets. Credefi aims to bridge the gap in debt financing in the European Union and facilitate real-world impact by providing fair and accessible lending solutions to small and medium-sized enterprises (SMEs) in the region. With Credefi, you can access reliable loans backed by a range of real-world assets, including real estate, future receivables, and more. The lending platform offers lenders stable and predictable returns generated from the real economy.

Web3 users face significant challenges because they lack the time and effort to monitor the market 24/7, analyze it to anticipate risks, and navigate complex Web3 trade executions. Only professionals or institutional traders have the resources to make the best-informed decision at the precise time. Exponent seeks to bring AI research and analytical tools into the hands of traders.
Nexo is the premier wealth platform for digital assets. Since 2018, we’ve upheld the highest infrastructure security and client care standards, helping millions achieve their goals. In the early days of crypto, Nexo saw a gap: digital asset holders had value but limited ways to use it. This insight led to the birth of Nexo’s crypto-backed credit line—their first groundbreaking product, which kicked off their journey of building innovative digital asset solutions.
Hedera enables seamless tokenization of real-world and digital assets at scale, offering unmatched performance, security, and compliance for thriving tokenized economies.
Trading
Asymmetrically weighted position and risk exposure enable the trading desk to not only constantly seek alpha, but to minimize risk concurrently.
The foundational goal is to outperform traditional indices, Bitcoin, and Ethereum over a three-year timeframe, justifying exposure to this alternative asset class.
Varys Capital follows a quantitative, data-driven approach to trade relative value (currency vs. currency), long and short.
The fund is agnostic on market direction, and our returns are positively correlated with volatility – the greater the daily variability, the greater our opportunity for alpha.
Most strategies are market-neutral (delta-neutral) and mitigate volatility with the aid of proprietary indicators and effective risk mitigation measures with minimal max drawdown.
The fund provides liquidity and earns bid-ask spreads by offering dynamic quotes in the market and optimizing positions based on market conditions. Robust single-exchange and cross-exchange hedging techniques help reduce risk exposure.
The fund leverages ultra-low latency technology to deploy quant-driven models 24 hours a day. Continuous manual (human) oversight is combined with discretionary strategic overlays to ensure a consistent, systematic approach to risk management.
Some strategies the fund executes would fall into the classification of HFT (high-frequency trading). This type of automated system allows market scanning for information and responds faster than any human possibly could.
Varys Capital offers numerous services to clients, such as private wealth management (PWM), whereby a selection of strategies is designed and deployed to meet the client's short-term/long-term goals, desired exposure, and risk tolerance.
Market-making for exchanges and blockchain companies, combined with advisory, liquidity provisioning, treasury management, and go-to-market strategy support, are other ways we continually enrich the broader digital asset ecosystem.


