Partner @FactionVC. Advisor @LightspeedVP. Previously @DCGco. Fascinated by all things Crypto ∪ AI. Views are my own and posts never investment advice.
The Blockchain
Joined June 2014
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Tim Khoury retweeted
We're excited to announce Navra's successful Series A, led by @RibbitCapital
Thank you to our investors Jump , DCM, DST Global Partners, Faction, Baseline Ventures, DA, Distributed Global, Blockchange, RPM Ventures, Morgan Creek Digital, Figure and others who believe in what we're building. 🧵
Tim Khoury retweeted
Today we officially announce the launch of @HelloNavra. Our goal is to bring retail and institutional TradFi dollars over to DeFi by delivering better user experience, keyless self custody and enterprise control. The dollars will flow into products like @Figure's Democratized Prime, but also into other DeFi lending, borrowing and trading platforms.
Thank you to @RibbitCapital for leading this oversubscribed round!
I'm still performing my Figure duties as executive chairman and am excited about the synergies between the two companies. Figure joins @jump_ as first strategic partners.
axios.com/pro/fintech-deals/…
and with that, another insane quarter at @turnkeyhq comes to a close
we officially crossed $200B in stablecoin transaction volume, just 9 months after crossing $100B.
the amount of money moving through our pipes has grown 4x YoY.
at the same time, we’re shipping faster than ever.
this month alone, we launched:
- cross-chain swaps
- onchain yield
- agent secret management
- Arc support from day one
and all of this sits alongside the stack we’ve already built across:
- stablecoin payments
- embedded wallets
- payment orchestration
- agentic wallets
- programmable signing + policies
- enterprise key management
what started as an idea to build better wallet infrastructure is becoming something much bigger.
we want Turnkey to become the layer behind how money moves onchain, whether it’s being moved by a consumer, enterprise, or even an AI agent.
we’re still so incredibly early.
Tim Khoury retweeted
*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION
*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS
*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES
*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS
*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT
Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.
This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.
As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.
Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.
Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.
We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.
Allocations begin today.
Congratulations and welcome @WeiszM
We are thrilled to announce Michael Weisz (@WeiszM) as the new CEO of Kamino
After more than a two decades in fintech & private markets, Michael joins Kamino to lead us into our next chapter of institutional growth, and expand Kamino to the US market
A letter from Michael below
Tim Khoury retweeted
Michael Jordan just joined Chicago Bulls.
This is the most transformational event in Kamino’s history.
Extremely excited to double down on our vision and work 10x harder to make the next 13 seasons legendary.
We are thrilled to announce Michael Weisz (@WeiszM) as the new CEO of Kamino
After more than a two decades in fintech & private markets, Michael joins Kamino to lead us into our next chapter of institutional growth, and expand Kamino to the US market
A letter from Michael below
Tim Khoury retweeted
Hermes Agent is open for business.
Nous Portal now lets you invite colleagues to a Hermes Business account: your team gets agents across channels while sharing one central balance with per-member caps and shared skills that compound into proprietary IP.
Hermes Enterprise brings the same capabilities to on-prem or the cloud of your choice: a complete, self-improving, sovereign AI stack already trusted by some of the world's largest companies. Contact us to join them.
portal.nousresearch.com/busi…
Tim Khoury retweeted
Hiring our first PM at Latitude (@rtp).
Hands-on IC role, not management. You own the day-to-day roadmap, both what ships this quarter and where global money movement goes over the next 3-5 years.
6-10 yrs product experience, w/ depth in cross-border payments, stablecoins, FX, treasury, or compliance. NY, Bay Area, or Houston.
DMs open (or apply below) 👇
Tim Khoury retweeted
Somewhere right now, there's a manual compliance task that could be streamlined.
Two systems that don't talk to each other. Chasing the same banking partner for the same document... again.
Small stuff. But it adds up to real drag on a team moving billions a year.
@CoinflowLabs is hiring a Senior Product Manager to fix that. Start to finish, from scratch.
Big opportunity if you're up for it.
Let's build! 🔗 u.coinflow.sh/hDBvQ8
Tim Khoury retweeted
Local AI agents should be easy to set up.
That’s why @NousResearch is bringing one-click local model setup to Hermes Agent across NVIDIA systems on Windows and Linux.
Tim Khoury retweeted
A venue sells out a Saturday night concert.
Doors close at 11. Artist gets paid. Venue team goes home.
The proceeds show up 2-6 weeks later. 🫠
For a mid-sized venue doing 12 shows a month, that's ~$750K permanently in transit (financed on a credit line) because nobody built faster rails.
Well, @CoinflowLabs did.
Instant settlement + indemnified chargebacks means venues get paid in days, not weeks.
Full breakdown 🔗 coinflow.cash/blog/event-set…
Introducing @EthenaPay: the internet money neobank.
→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in local FX
→Unified fiat IBAN integration with self-custodial stablecoin accounts
→Buy Now Pay Never where your savings rewards covers daily expenses
Not coming soon™️. Live now to download on iOS.
Tim Khoury retweeted
Hermes accelerates teams
Our entire team at Artie uses Hermes (an AI agent harness from @NousResearch) to support their workflows.
We've moved past a single shared agent and built bespoke versions for each team, configured around how each team actually does their day-to-day work. Each Hermes uses in-house skills and models suited to the type of work – for example:
> Hermes Sales can pull current context on a specific deal and generate call prep or surface risks for the sales team.
> Hermes Design and Hermes Code helps our marketing team design, build, and ship landing pages without involving engineering. Our marketing site is hosted on Next.js; we don't use a CMS anymore.
> Engineering breaks down large problems into small and medium chunks, then hands off to Hermes Code to execute.
Hermes hasn't replaced any engineering, sales, or marketing judgment. Instead it’s given each team more leverage: people still set the strategy, make the calls, and own the quality bar.
Hermes then helps turn that judgment into executed work faster, with fewer handoffs and less coordination overhead. It's part of how we've shipped as much as we have with a lean team.
You can outsource thinking (execution), but you can't outsource understanding.
Coinbase Tokenized Stocks are now live on @Base.
Soon, Aave V4 will be the first credit market to support them.
Only available in eligible geos ex U.S.