AC Capital

AC Capital is an investment firm focused on blockchain and Web3, describing itself as global since its founding. It backs protocols and networks at an early stage, aiming for long-term alignment with the teams it invests in. The firm says it favours projects built around real cash flow rather than high valuations without revenue, with particular interest in infrastructure supporting risk assets and cross-border trading. It also looks at vertically integrated, full-stack platforms intended to work at a similar performance level to centralised systems, as well as investments in AI-driven agents, automated execution of trading intent, and prediction markets. AC Capital publishes research, market commentary and portfolio updates, and describes its focus as identifying builders and investors moving ahead of broader market consensus.