· Testnet v0.93
General Market
...
Founder Index
STLM

Stealth Mcap

NAV / Share
as of Apr 5, 2026
$0.9690
1 Day NAV Change
as of Apr 5, 2026
Total Value Locked
as of Apr 5, 2026
Holdings
as of Apr 5, 2026
10

Why This Index?

  1. Stealth founders weighted by market cap. The protocols that grew without a founder publicity tour, where the product spoke before the founder did.
  2. Cap weighting means the biggest stealth-founded protocols dominate. The information asymmetry advantage of building in obscurity compounds once the market discovers the product.
  3. Low founder visibility correlates with product-first development culture. The market eventually finds these protocols, and cap weighting captures the ones it has valued most.

Investment Objective

Weights 36 tokens from low-visibility founders by market cap, rebalanced monthly. Captures the information asymmetry advantage of protocols that grew without founder publicity, where market attention arrives after the product is built.


Portfolio Composition

CVX10.0%
NEXO10.0%
JST10.0%
RUNE10.0%
PAXG10.0%
POL10.0%
XAUT10.0%
PENDLE10.0%
FF10.0%
IMX10.0%

Concentration Metrics

TOP 5 WEIGHT
50.0%
TOP 10 WEIGHT
100.0%
HHI CONCENTRATION
1000
Low

Founder Intelligence

Based on 19 founders across 10 portfolio companies

Age Distribution

Gender Split

Top Nationalities

Australian
Australian
4
Indian
Indian
3
Canadian (likely; career started at BMO Capital Markets in Toronto)
Canadian (likely; career started at BMO Capital Markets in Toronto)
1
Unknown (possibly Israeli based on LinkedIn match, but not connected to Nexo)
Unknown (possibly Israeli based on LinkedIn match, but not connected to Nexo)
1
Bulgarian
Bulgarian
1
Chinese
Chinese
1
Vietnamese-American
Vietnamese-American
1
American
American
1
Singaporean
Singaporean
1
Serbian
Serbian
1
Italian
Italian
1
Unknown (Singapore-based)
1

Top Universities

University of Sydney
University of Sydney
3
University of Manitoba; London Business School
1
Peking University
Peking University
1
University of Pennsylvania
University of Pennsylvania
1
University of Maryland
University of Maryland
1
University of New South Wales (Aeronautical Engineering
1
First Class Honours)
1
University of Notre Dame
University of Notre Dame
1
University of Michigan
University of Michigan
1
Dharmsinh Desai University
1

Performance

Loading NAV data...


Holdings

as of Apr 5, 2026

#NameWeightPrice24h
1
CVX
CVX
10.00%$0.0000
2
NEXO
NEXO
10.00%$0.0000
3
JST
JST
10.00%$0.0000
4
RUNE
RUNE
10.00%$0.0000
5
PAXG
PAXG
10.00%$0.0000
6
POL
POL
10.00%$0.0000
7
XAUT
XAUT
10.00%$0.0000
8
PENDLE
PENDLE
10.00%$0.0000
9
FF
FF
10.00%$0.0000
10
IMX
IMX
10.00%$0.0000

Fund Details

NAV / Share
as of Apr 5, 2026
$0.9690
Chain
Index L3 (Orbit)
Settlement Address
0x963250...1F93b2
Rebalance Method
Equal Weight
Fund Inception
Asset Class
Crypto Index
ITP ID
0x000000...00002b
Number of Holdings
10

Portfolio Characteristics

Top 5 Concentration50.0%
Top 10 Concentration100.0%
HHI Index1000 (Low)
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.