Institutional Capital and the Next Phase of On-Chain Finance with Andy Kangpan of Metalayer
Release Date: 01/27/2026
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is a Partner at Metalayer, a crypto-native investment firm focused on backing companies building institutional-grade financial infrastructure on blockchain rails. Founded by former Two Sigma investors and operators, Metalayer plays at the intersection of venture capital, on-chain markets, and next-generation asset management. Andy brings over a decade of experience in venture capital, with a background spanning early-stage technology investing and seven years at Two Sigma, where he led the firm’s crypto venture efforts. During his tenure, he worked across private investments and liquid...
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is a Partner at Strobe, an early-stage, crypto-native venture firm focused on backing founders building long-term, sustainable businesses on blockchain rails. Formerly BlockTower Venture Capital, Strobe was spun out by Steven and his partners in 2024, bringing with it the same fund, portfolio, and investor base — and a renewed focus on disciplined venture investing in digital assets. Steven began his career in traditional finance, with experience across hedge funds and public markets, before moving into crypto during its early institutionalization. At BlockTower, he helped build and deploy...
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is Head of Innovation at Janus Henderson Investors, a global asset manager overseeing more than $400 billion in assets. With over two decades of experience in ETFs and investment product development, Nick has been deeply involved in some of the most important structural shifts in modern asset management. Nick began his career in the early days of ETFs at iShares, where he helped build the category inside what would later become BlackRock. He later founded VelocityShares in 2010, developing specialized exchange-traded products for institutional traders and hedge funds across volatility,...
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Niklas Kunkel is the Founder and CEO of Chronicle Labs, a leading oracle infrastructure provider securing both decentralized finance and the rapidly growing market for tokenized real-world assets. Formerly a core contributor at MakerDAO, Niklas helped architect the original DAI stablecoin system — designing the first generation of Ethereum oracles and building foundational infrastructure long before DeFi existed as an industry. Today at Chronicle, Niklas focuses on the critical problem of connecting off-chain financial data to on-chain markets with the reliability, security, and transparency...
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Thomas Cowan is the Head of Tokenization at Galaxy, a crypto-focused merchant bank bridging traditional finance and on-chain markets. Based in New York, he leads tokenization within Galaxy’s investment banking arm, where his team focuses on structuring and placing tokenized products — from money market funds to on-chain debt and securitized credit. At Galaxy, Thomas works at the intersection of institutional capital and blockchain infrastructure, helping traditional financial institutions explore how blockchain can deliver faster settlement, greater transparency, and more efficient...
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Tanner Taddeo is the Co-Founder and CEO of Stable Sea, a company building the infrastructure layer for stablecoin-powered cross-border payments. Stable Sea connects U.S. and emerging market businesses through stablecoin rails, enabling faster, cheaper, and more transparent international transactions. Before founding Stable Sea, Tanner led product and strategy initiatives at Plaid and Block, where he helped build core financial infrastructure powering next-generation fintech applications. His experience spans financial inclusion, enterprise payments, and Web3 infrastructure — positioning him...
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Nikhil Raghuveera is the Co-Founder and CEO of Predicate, a company building on-chain policy infrastructure that enables organizations to set programmable, enforceable rules for transactions within blockchain-based financial systems. Predicate’s technology underpins compliance and policy enforcement for next-generation stablecoins, privacy protocols, and real-world asset tokenization platforms. Before founding Predicate, Nikhil was Head of Strategy and Innovation at Celo, where he led many of the blockchain’s early Web3 deployments and helped shape its evolution from a Layer 1 to Layer 2...
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Matt Homer is the Founder and General Partner of The Venture Dept., a venture capital firm investing at the intersection of fintech, digital assets, and regulation, with a particular focus on stablecoins and stablecoin infrastructure. Before founding The Venture Dept., Matt was a regulator at the FDIC and then the New York Department of Financial Services (NYDFS), where he helped design and oversee some of the earliest digital asset frameworks in the U.S. He later joined Nyca Partners, a leading fintech venture firm, where he developed its digital asset investment strategy. Matt also serves...
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Will Peck is the Head of Digital Assets at WisdomTree, a $130 billion asset manager and ETF sponsor and a pioneer in tokenized assets. Over his 11-year tenure at WisdomTree, Will has helped the firm navigate the evolution from ETFs to tokenized assets, stablecoins, and on-chain investment infrastructure. WisdomTree is at the forefront of innovation, applying lessons from ETFs—transparency, liquidity, tax efficiency, and standardization—to build scalable, accessible tokenized products for both institutional and retail investors. With ongoing regulatory developments and growing adoption of...
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Raghu Yarlagadda is the Co-founder and CEO of FalconX, the leading institutional digital asset prime brokerage. In the last year, FalconX has done $1 trillion in trading volume across spot and derivatives. FalconX is an incredible success story, starting early and growing alongside broader institutional adoption of crypto and digital assets. With current regulatory tailwinds, the company is extremely well positioned to accelerate growth even further. FalconX has raised nearly $500m, most recently at an $8 billion valuation, from investors including Accel, GIC, B Capital, Altimeter, Thoma...
info_outlineAndy Kangpan is a Partner at Metalayer, a crypto-native investment firm focused on backing companies building institutional-grade financial infrastructure on blockchain rails. Founded by former Two Sigma investors and operators, Metalayer plays at the intersection of venture capital, on-chain markets, and next-generation asset management.
Andy brings over a decade of experience in venture capital, with a background spanning early-stage technology investing and seven years at Two Sigma, where he led the firm’s crypto venture efforts. During his tenure, he worked across private investments and liquid strategies, developing a deep understanding of how blockchain technology can be applied to reinvent core financial plumbing.
At Metalayer, Andy focuses on seed and early-stage investments in companies building for the institutional phase of crypto — particularly where on-chain infrastructure intersects with regulated financial services. His work emphasizes disciplined portfolio construction, long-term value creation, and expanding the venture playbook to include new, on-chain-native investment strategies.
Please enjoy the following insights from Andy Kangpan of Metalayer.