September 2026: This month’s Briefing Memo covers Tare’s Fortune exclusive, two portfolio companies launching a tokenized fund together, and a month of panels and dinners across the firm.
Tare became the third portfolio company to land a Fortune exclusive this year, after Rhythmic in February and Valinor in March, with coverage of its $13.25 million seed round. Valinor and Superstate then launched a fund together: the BDC Exposure Fund holds a basket of publicly traded business development companies and offers daily subscriptions and redemptions rather than the quarterly lockups typical of private credit, with Superstate providing the tokenization and transfer agent layers through its FundOS platform.
Predicate founder Nikhil Raghuveera spoke at the FBI’s ninth annual Virtual Asset Technical Exchange. Multiliquid is partnering with risk rating provider Particula to standardize how it vets and onboards assets. Fission added instant USDC redemptions for two of Midas’s tokenized funds. Circuit founder Harry Donnelly discussed the company’s real-time response to crypto theft on FintechTV, including its backing from Lloyd’s of London, that insurer’s first crypto investment.
Matt spoke at US Stablecon in Washington on the path forward after the GENIUS Act, alongside Ji Kim of the Crypto Council for Innovation, and at a Digital Assets, Stablecoins and Tokenized Finance roundtable. Jon and Matt co-hosted a Digital Asset Leadership Dinner with Mirana Ventures. At Avalanche Summit New York, portfolio founders Kevin Miao of Tare and Lily Yarborough of Valinor took the stage.
On policy, the CLARITY Act failed to reach cloture and Congress is out until November 9, pushing market structure legislation past the midterms. The SEC and CFTC have both said they will write what rules they can without it, and the SEC has already proposed its first overhaul of transfer agent rules since the early 1980s.
Read the full memo here.