A mortgage, a song catalog, a construction loan, an athlete's future earnings, a property appraisal. All of it is being turned into something faster, cheaper, and ownable, with AI rebuilt into the workflow on top. We co-found and back the operators doing the converting, across three pillars.
The world's largest financial institutions just moved tokenized collateral, live, on rails co-founded in our studio in 2018. The same year, our AI companies were being verified by Fannie Mae and rebuilding whole industries on the same curve.
Property, credit, and funds don't tokenize themselves. It takes origination, valuation, regulated recordkeeping, distribution, and credit rails. Our companies operate every layer, so the token actually means something.
In 2018 Alon Goren co-founded Ownera in our studio to build chain-agnostic distribution rails for tokenized assets. Eight years of building later, GDF and ISDA published the most comprehensive industry assessment ever done on tokenized money market funds as U.S. collateral, and the live pilot at its center ran on Ownera's network: BlackRock, Citi, State Street, Fidelity, CME Group, J.P. Morgan, and U.S. Bank, settling in minutes instead of days.
That is what a studio company looks like when the world catches up to it. We've been in the room for all eight years, and we still are.
Not an AI feature bolted onto an old process. Whole industries rebuilt around the model, so work that used to take days or specialists now takes minutes.
We co-founded Aivre in our studio to rebuild property appraisal around AI: valuations in minutes in the government's new UAD 3.6 format, with image recognition and generative summaries, cutting more than three hours off every report. In December 2025 it became the first platform to achieve UAD 3.6 verification from both Fannie Mae and Freddie Mac, the trust layer nearly every mortgage in the country has to pass through.
Same studio, same playbook as Ownera, a second industry rebuilt from the inside. And Aivre is the seam itself: the AI operator and the real-asset valuation layer, in one company.
Some assets don't exist until someone builds the market for them. We back the companies minting entirely new asset classes and the rails they trade on.
Music catalogs, athlete contracts, private credit, appraisals. Different assets, one shift. We don't assemble exposure to it, we build the companies doing the converting.