TVL Capital AG, a Swiss financial infrastructure startup, has closed a $5M seed round to build what it calls Chain-Traded Products, or CTPs. Framework Ventures led the raise, with Flow Traders and other strategic investors joining.
Think of CTPs as the blockchain-native cousin of exchange-traded products. Instead of being issued and managed through the traditional plumbing of custodians, clearinghouses, and legacy settlement rails, these structured derivatives live entirely onchain. The pitch: programmability, transparency, and efficiency that legacy systems simply cannot match.
The team behind it
Andrew Peel previously served as Head of Digital Asset Markets at Morgan Stanley. Penny Tunbridge was Global COO of UBS Group Integration Office. Lars Hoffmann held the title of Senior Research Director at The Block. Between them, they’ve touched some of the largest financial institutions on the planet and one of the most influential crypto media companies.
The board appointments tell a similar story. Ben Floyd, a Venture Partner at Framework Ventures and formerly of Coinbase, is joining. So is Thomas Raab, a former board member of the SIX Digital Exchange, which is the digital asset arm of Switzerland’s main stock exchange infrastructure.
