· Testnet v0.93
General Market
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Tech Index
MSEC

Modular Security

NAV / Share
as of Apr 5, 2026
$0.9657
1 Day NAV Change
as of Apr 5, 2026
Total Value Locked
as of Apr 5, 2026
Holdings
as of Apr 5, 2026
6

Why This Index?

  1. Shared security marketplaces let new chains bootstrap validators without starting from zero. The restaking thesis turns existing staked capital into a scalable resource.
  2. TVL weighting reflects where the market deposits capital for restaking. Dominant platforms earn proportional allocation because validator trust is not distributed evenly.
  3. Modular security is an infrastructure bet: as the number of chains grows, the demand for shared validation grows with it. The index captures this structural tailwind.

Investment Objective

Tracks liquid restaking governance tokens weighted by TVL, rebalanced monthly. Captures the shared security marketplace thesis by concentrating in protocols where the most capital has been deposited for restaking.


Portfolio Composition

PROPS16.7%
XAUT16.7%
RWA16.7%
PAXG16.7%
USUAL16.7%
ARIAIP16.7%

Concentration Metrics

TOP 5 WEIGHT
83.3%
TOP 10 WEIGHT
100.0%
HHI CONCENTRATION
1667
Moderate

Founder Intelligence

Based on 10 founders across 6 portfolio companies

Age Distribution

Gender Split

Top Nationalities

American
American
4
French
French
3
Belgian
Belgian
1
Italian
Italian
1
Singaporean
Singaporean
1

Top Universities

University of Montana; Bangkok University
1
University of Genoa
1
Brown University
Brown University
1
2018)
1
University of Notre Dame
University of Notre Dame
1
University of Michigan
University of Michigan
1
EDHEC Business School; Paris II Panthéon-Assas
1
Toulouse Business School
1
Universite de Poitiers (Licence in Law
1
Master in Public Law); Universite de Lorraine; Sciences Po
1

Performance

Loading NAV data...


Holdings

as of Apr 5, 2026

#NameWeightPrice24h
1
PROPS
PROPS
16.67%$0.0000
2
XAUT
XAUT
16.67%$0.0000
3
RWA
RWA
16.67%$0.0000
4
PAXG
PAXG
16.67%$0.0000
5
USUAL
USUAL
16.67%$0.0000
6
ARIAIP
ARIAIP
16.67%$0.0000

Fund Details

NAV / Share
as of Apr 5, 2026
$0.9657
Chain
Index L3 (Orbit)
Settlement Address
0x963250...1F93b2
Rebalance Method
Equal Weight
Fund Inception
Asset Class
Crypto Index
ITP ID
0x000000...00000b
Number of Holdings
6

Portfolio Characteristics

Top 5 Concentration83.3%
Top 10 Concentration100.0%
HHI Index1667 (Moderate)
Average Market Cap$0

Fees

as of current prospectus

Management Fee0.00%
+Acquired Fund Fees and Expenses0.00%
+Other Expenses0.00%
=Expense Ratio0.00%

The fee amounts shown above are as of the current prospectus. Network gas costs apply to all on-chain transactions and are not included in the expense ratio.

NAV is calculated from live price feeds. Data updates every 60 seconds. Past performance is not indicative of future results.