- The Briefing Memo from The Venture Dept.
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- The Briefing Memo from The Venture Dept.
The Briefing Memo from The Venture Dept.
December 2024
The Briefing Memo
December 2024 - If you’re new here, welcome to The Briefing Memo, which features our latest insights and updates.
New year, new brand
We’re excited to introduce our new brand identity: The Venture Dept. While our former name, The Department of XYZ, served us well, it didn’t fully capture our mission: combining venture capital and regulatory expertise to empower founders. The new name more directly reflects our purpose, and we’re thrilled to share it first with you, before anywhere else.
We invite you to explore our updated website at theventuredept.vc.
As we close out 2024, we couldn’t be more excited about what lies ahead in 2025. This year is shaping up to be a defining moment for digital assets. With an improving regulatory landscape and accelerating adoption, the opportunities in this space have never been greater. At The Venture Dept., we’re thrilled to partner with visionary founders and organizations to continue shaping the future of finance.
Matt on Solana Foundation’s Politics of Bits podcast
Matt recently joined Amira Valliani of the Solana Foundation this week for her Politics of Bits podcast. In this episode, they dive into the shifting regulatory landscape for crypto post-2024 US elections, examining the evolving policies that will shape the future of digital assets. Tune in for a discussion on how these changes impact the regulatory framework around crypto.
Portfolio news
Superstate: Introduced Protocol Mint and Redeem.
Squid: Announced cross chain enablement of USDC and EURC swaps.
Predicate: Announced a partnership with Plume for flow-of-funds checks and Mento for policies for launching decentralized stablecoins.
Mountain Protocol: Announced developments with BitGo, Compound, and State Street.
Department updates
We got a shout out in the December 9, 2024 edition of Term Sheet, which you can check out here.
Matt shared his insights with CNN on the future of crypto regulation in 2025. In the interview, he emphasized the importance of constructive dialogue between regulators and the industry, highlighting his experience overseeing digital asset licensing at the New York State Department of Financial Services.
“If you’re a regulator… you don’t get to pick and choose which markets exist — your job is to sort of accept that markets do exist and figure out the best way to put guardrails around them,” said Homer, who previously oversaw licensing for digital assets at the New York State Department of Financial Services. “I’m excited about just going back to basics of having people in these roles who are open to having a dialog with the industry.”
Matt was interviewed by the New York Post about licensing processes at the New York State Department of Financial Services and implications for Truth Social’s pending acquisition of Bakkt.
Congratulations to LP Advisor Ji Kim on his appointment to President and Acting CEO of the Crypto Council for Innovation (CCI).
What we’re reading and listening to
Archetype: Crypto x AI: 10 Categories We're Watching in 2025 — Archetype shares their outlook on the intersection of crypto and AI.
Multicoin: Multicoin Summit 2024 — A must-listen set of speeches from Multicoin’s annual summit.
Coinbase: 2025 Crypto Market Outlook — The outlook for institutional investors in 2025.
Rob Hadick: Stablecoin Payments: Who Actually Wins? — Dragonfly GP’s perspective on where value will accrue in the stabelcoin space.
On the horizon
Matt will be speaking at The Digital Asset Summit in NYC this coming March. You can find more information on the summit here: https://blockworks.co/event/digital-asset-summit-2025-new-york.
