Compute became an asset class this year.

2026 hyperscaler capex guidance sums to roughly $700B. NVIDIA has now organized platforms designed to mobilize over $500B of third-party capital with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR.

What's missing is an open and accessible market. Compute credit today sits in private vehicles. It cannot be transferred, priced, or pledged. There is no exit and no observable price, so participating means holding to maturity. That market should serve institutions, corporates, startups, and smaller allocators alike.

Our incubated project Falcon Finance is building the rails for it. The framework is designed so a tokenized GPU forward can be tradable on secondary markets, posted as collateral onchain and accessed by anyone. Read more here.