Bitcoin is more than digital currency—it represents a fundamental shift in how we think about value, ownership, trust, and freedom. Blockchains and cryptocurrencies are enabling, for the first time in history, any individual to have a choice over how they store, send, and manage their money. This is making financial stability and wealth creation accessible in regions where traditional currencies are collapsing, inflation runs rampant, or basic banking is unavailable. We invest in companies pioneering decentralized finance, tokenized real-world assets, and blockchain infrastructure that create tangible economic stability, financial inclusion, and freedom worldwide.
Draper-backed crypto companies including Coinbase, Robinhood, and Polymarket are defining the decentralized economy, with Coinbase named to TIME's 100 Most Influential Companies of 2025 and Polymarket achieving $1B+ valuation with over $1 billion in prediction market volume.
2025
Year Coinbase was named to TIME's 100 Most Influential Companies
draper Portfolio companies are pioneering the DeFi ecosystem that exceeded $100 billion in total value locked (TVL) in 2024, with predictions suggesting growth to $200 billion by 2025 as decentralized finance transforms traditional banking and investment.
$200B
Projected DeFi total value locked (TVL) by end of 2025
Draper began investing in Bitcoin in 2014, establishing the foundation for decentralized finance. Our early conviction in blockchain technology positioned us to back the infrastructure companies that drive transparency, scalability, and adoption in the digital asset ecosystem.
2014
Year Draper began major investments in Bitcoin and blockchain infrastructure
Bitcoin and blockchain are not just transforming finance—they are redefining the very nature of money, ownership, and freedom. For the first time in history, individuals can choose how they store, send, and manage their wealth without relying on traditional financial institutions. This represents a fundamental shift toward economic sovereignty and financial inclusion.
DeFi is revolutionizing traditional finance by replacing banks and brokers with automated smart contracts that enable instantaneous, permissionless transactions. By tokenizing real-world assets—ranging from equities and debts to T-bills—DeFi creates a transparent, globally accessible ecosystem where anyone with an internet connection can unlock liquidity, access credit, and invest without the friction and gatekeeping of conventional systems.
Bitcoin remains the backbone of the decentralized economy. As blockchains get faster and more scalable, Bitcoin's role as the most decentralized, most capitalized, and most widely accepted cryptocurrency becomes even more critical. We believe most blockchain applications will eventually converge to Bitcoin, making it the primary settlement layer for the global digital economy.
Smart contracts on blockchains enforce code-based agreements and automate transactions, boosting business reliability and cutting costs. These programmable contracts execute automatically when conditions are met, eliminating intermediaries like lawyers and brokers. Their immutability and decentralization ensure security and trust, fostering transparency and efficiency across sectors.
Blockchains create a coordination layer enabling Decentralized Physical Infrastructure Networks (DePIN), making essential services like telecommunications and energy more affordable and accessible, particularly in underserved communities. This decentralization shifts control from corporations to individuals, offering economic autonomy and protection from censorship.
We back companies building decentralized finance platforms, tokenized real-world assets, Bitcoin scalability solutions, blockchain infrastructure, and DePIN networks that create tangible economic stability, financial inclusion, and freedom worldwide. We invest in founders who don't just want to improve finance—they want to reinvent it entirely.
Our crypto portfolio includes revolutionary companies like Bitcoin (2014 investment), Coinbase (mainstream crypto adoption), Robinhood (commission-free trading), Arkham (blockchain intelligence), Ledger (hardware wallet security), Unstoppable Domains (decentralized identity), Stacks (Bitcoin Layer 2), Polymarket (prediction markets), Dawn (decentralized wireless), Maestro (UTxO infrastructure), and Zest Protocol (Bitcoin lending). These companies are redefining finance, ownership, and economic freedom.
We continue to explore opportunities in Bitcoin scalability and programmability, DeFi platforms, tokenized asset markets, DePIN networks for essential services, privacy-focused Web3 applications, and crypto-powered AI models. Our focus remains on technologies that provide tangible economic stability, financial inclusion, and freedom to billions worldwide.