SPiCE VC, a venture capital fund that was one of the first to adopt a fully tokenized structure, recently declared its third investor distribution. Save the date for late June 2025! With this payout, total returns to investors will exceed 2.1x DPI (Distributions to Paid-In Capital). The firm’s TVPI – Total Value to Paid-In Capital – is currently over 6.3x. Since its founding in 2017, SPiCE VC has been at the forefront of this booming trend of digital security investments. Its activities span the entire U.S., Singapore and Israel. The fund’s success shows that there is huge promise in the space of tokenized funds and their ability to deliver early liquidity to investors in dynamic new ways.

Pioneering Tokenized Venture Capital

SPiCE VC made history again by being one of the first venture capital funds to adopt a completely tokenized form. This novel structure enabled the fund to provide its investors with early liquidity.

The initial idea for SPiCE VC developed back in 2017. This was on the heels of the first wave of security tokens being issued under these compliant frameworks. Since then, the company has opened offices in these major global hubs, including in the U.S., Singapore and Israel.

In 2022, SPiCE VC made the first-ever investor distribution by a tokenized VC fund. This milestone was soon followed by two more payouts—thankfully delivering real, early liquidity to well over 400 of these investors, most residing in many countries across the globe.

Strategic Investments and Portfolio Performance

SPiCE VC’s portfolio is made up of industry-leading companies including Securitize. Securitize is a platform for automated, compliant digital securities issuance, which fits nicely with the fund’s goal of targeting digital innovation.

Blockdaemon, which provides blockchain infrastructure powering the networks of networks, is in SPiCE VC’s portfolio. Included in the portfolio is Ripio, a fintech company leading the charge of crypto adoption across all of Latin America.

The fund’s third payout is a further testament to the success of its investment strategy. Investors are 21% more than doubling their DPI (Distributions to Paid-In Capital). Moreover, the Total Value to Paid-In Capital (TVPI) already exceeds a remarkable 6.3x times.

Looking Ahead

Their fund structure was a smart risk as it turned out, making the right bet on where capital markets are headed. The firm’s stellar performance shows the promise that tokenized funds could bring to the world.

"We built SPiCE with a clear vision: to lead the blockchain investment frontier and deliver outsized value to our investors." - Tal Elyashiv

Most digital securities funds to date are heavily concentrated on blockchain projects. SPiCE VC could go beyond fintech to use its deep expertise in areas like artificial intelligence, for example, in sectors. Securities.io has been closely monitoring SPiCE VC's evolution since 2018, noting its strategic shifts and ongoing impact on the digital investment landscape.