Oasis Strategic Investment Arm | First Venture: SemiLiquid

Oasis is excited to introduce a new initiative designed to make strategic seed investments. Leading the initiative will be Mark Kalin, who brings over 10 years of venture capital experience to the role. The move marks a shift from a traditional grants program toward longer-term capital deployment to support some of the best builders. 

Introducing SemiLiquid

The first investment will go to SemiLiquid, a custody-native credit infrastructure provider addressing a critical gap in real-world assets (RWAs). SemiLiquid just unveiled the Programmable Credit Protocol (PCP), which enables credit activation on tokenized assets without removing them from custody

What SemiLiquid does:

• Activates credit on tokenized collateral without ever assets leaving custody
• Handles collateral locking, automated margin calls, and liquidation triggers
• Maintains compliance standards and confidentiality throughout the process

SemiLiquid solves key friction points that have kept institutions and traditional finance players cautious about decentralized finance. 

Implementation details 

SemiLiquid's platform is based on the Oasis confidential compute stack. It uses Liquefaction, a primitive developed by researchers at Cornell Tech on top of Sapphire, to manage its trade and information control system, which handles policy enforcement, breach monitoring, and programmable credit receipts. 

This architecture means sensitive financial data stays protected throughout the entire credit lifecycle while also remaining verifiable onchain. It's the kind of institutional-grade guarantees that custody and compliance frameworks actually require.

After a year of quietly building, SemiLiquid is putting its solution into action with a pilot involving Franklin Templeton, Zodia Custody, M11Credit, Avalanche, and Presto Labs.

The pilot demonstrates end-to-end credit activation using tokenized money-market fund shares as collateral. The entire workflow, from collateral lock to issuance to automated repayment, runs on Oasis infrastructure without exposing counterparty information or other sensitive data.

The bigger picture 

RWAs are among the fastest-growing sectors of the crypto industry, and with this investment, Oasis is making a clear bet in SemiLiquid and the idea that compliance-friendly confidentiality will be the foundation of institutional adoption. 

But the vision also goes much further. The investment arm targets teams building across the spectrum: asset tokenization, identity systems, institutional settlement layers, agentic protocols - any compute-intensive products that require confidential data or verifiability at scale. There’s much more to come, stay tuned.