01
Direct Exposure
Zero dilution investment structure providing direct equity exposure to emerging crypto markets with strong IRR visibility.
A Gate at the Sun
Frontier
Capital
A crypto-native investment platform targeting regulated, high-growth digital asset companies across frontier markets — connecting East and West through the modern Silk Road.
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5
Target SPVs
$10M
Target AUM
$3M
Licensing Revenue
35%+
Target Margins
Overview
Institutional structure for emerging markets
Deploying capital across the Middle Corridor through Cayman-based SPV architecture with equity, licensing, and data rights.
02
Multiple Revenue Streams
Each SPV generates returns through equity appreciation, management fees, carried interest, and proprietary data licensing.
03
Regulatory Advantage
Targeting licensed, compliant operators in jurisdictions with emerging but favorable crypto regulatory frameworks.
Investment Thesis
The Middle Corridor opportunity
A network of trusted brokerages connecting fragmented markets across the modern Silk Road.
The Middle Corridor represents the modern iteration of the ancient Silk Road, connecting East and West through Central Asia and the Caucasus.
With Northern and Southern routes facing geopolitical headwinds, this corridor is experiencing unprecedented growth in remittance flows and trade activity.
Crypto infrastructure in these markets remains fragmented and underserved. By building or acquiring trusted, regulated brokerages, we capture significant market share while maintaining margins above 35%.
Discuss the ThesisGeorgia
Central Hub
- Crypto-friendly regulation
- 0% personal crypto tax
- Gateway between Europe & Asia
Kazakhstan
Institutional Gateway
- AIFC regulatory sandbox
- $240B GDP economy
- Oil & minerals capital flows
Uzbekistan
Emerging Market
- 36M population
- Fastest-growing in region
- Licensed crypto framework
Ukraine
Tech Talent Hub
- Top crypto adoption globally
- Strong developer ecosystem
- Post-war reconstruction flows
Balkans
EU Bridge
- EU accession path
- Remittance corridors
- Underbanked populations
Architecture
SPV investment structure
Cayman-based architecture providing direct investor exposure with no dilution and multiple revenue streams.
Thesaurus Group
GP / Manager
SPV 1
Bitnet · Georgia
SPV 2
Balkans
SPV 3+
Central Asia
Leadership
Our team
Experienced operators with deep expertise in digital assets, frontier markets, and institutional finance.
Charles Hayter
Founder
Founded and sold CCData (CryptoCompare), the digital assets equivalent to Refinitiv. Physics & Astrophysics, CFA.
Steve Hewson
COO
Tech veteran with 30+ years experience. Senior executive at blue chips and M&A during Web1.0/2.0.
Rory Cox
Chief of Staff
Investment researcher in Tbilisi. Former UK Foreign Office diplomat. Oxford Neuroscience.
Get Started
Let's build together
We're raising platform capital and SPV commitments. Strategic co-investors welcome.
info@thesaurusgroup.com