Author: Nianqing, ChainCatcher
On February 12, former ParaFi Capital partner Santiago Roel Santos announced Inversion Chain on social media. He stated that Inversion will focus on "on-chain real GDP," allowing businesses to fundamentally improve their operations and performance through blockchain integration. The Inversion Chain will drive the world's first crypto-native private equity strategy, specifically through the acquisition of traditional enterprises and anchoring them on the Inversion Chain.
Previously, in November last year, Santiago Roel Santos announced the launch of the private equity fund Inversion Capital, which was also the embryonic stage of the Inversion Chain concept. At that time, Santiago had already decided to acquire traditional enterprises and use crypto technology to transform their operations. He particularly emphasized "acquisition" rather than collaboration and acceptance, which also means that the Inversion Chain will be a customized, sovereign L1.
It is reported that Inversion Chain will adopt customized chain technology from Avalanche L1. Besides the founder and the initial concept of the project, Inversion currently has nothing else. In Santos's recent posts, he is also recruiting a CTO and other team members. However, this seemingly ambitious project has long been in the making.
About Founder Santiago Roel Santos
Santiago Roel Santos is the founder of Inversion Capital, a former general partner at ParaFi Capital, and also the founder of EON Capital and Roca Capital. As an angel investor, he primarily focuses on technology, healthcare, and other areas. Previously, he worked in the investment banking financial sponsorship team at JPMorgan, then invested at Sageview Capital and helped internet and software companies expand, later serving as a growth and research advisor at Elysium Health. He is one of the youngest recipients of JPMorgan's leadership scholarship and earned a bachelor's degree in economics from Boston University with excellent results in just three years.
A significant part of Santos's work experience was as a partner at ParaFi Capital. ParaFi Capital is an institutional investor that strategically positioned itself early in the DeFi space, having invested in many early DeFi protocols such as MakerDAO, Kyber Network, Aave, and Curve. Although Santos left ParaFi four years ago, he still upholds ParaFi's belief in RWA.
In recent years, ParaFi Capital has invested in several RWA projects, including the on-chain luxury watch trading market Kettle, the RWA lending protocol Centrifuge, and the real estate derivatives protocol Parcl. Last September, ParaFi also announced that it would tokenize part of its $1.2 billion portfolio on the Avalanche blockchain through the Securitize platform. This was the first attempt at fund tokenization, allowing part of the equity of its latest venture capital fund to be tokenized and sold to investors, enabling more people to participate in opportunities that were previously limited to large institutions or wealthy investors.
Additionally, Santos himself is a very active angel investor, having invested in over 80 projects including Illuvium, Blast, StepN, NEAR, Manta, LayerZero, Blur, and MegaETH (see details on RootData page).
What does Inversion Chain want to do?
Santiago Roel Santos believes that the biggest challenge currently facing the crypto market is the issue of adoption. His proposed solution is to move traditional businesses onto the blockchain, bringing real enterprises on-chain to drive real users on-chain.
One value marker that Santos repeatedly mentions on his personal social media is "Berkshire onchain."
Berkshire is a multinational holding company in the United States that manages several subsidiaries. Originally a textile company, it transformed into a holding company after Buffett took control in 1965, effectively allocating its retained earnings. Its subsidiaries cover a wide range of industries, including railroads, energy, insurance, food, and real estate brokerage.
Berkshire has an unusual business strategy. Buffett delegates key decision-making authority to the managers of its subsidiaries, which is an uncommon form of decentralization. In his 2017 letter to Berkshire shareholders, he wrote, "Our power has almost reached the point of abandonment." Berkshire's headquarters has only 26 employees, with no legal counsel, investor relations, or public relations personnel.
Santos explains that by going on-chain, businesses can fundamentally improve their operations and performance. Inversion L1 is tailored to promote the world's first crypto-native private equity strategy, similar to how KKR transformed private equity acquisitions through financial engineering in the 1980s.
Inversion's goal is to acquire traditional enterprises—replacing inefficient infrastructure and systems with blockchain—creating industry leaders with top-tier profit margins—building the largest on-chain economy using blockchain technologies such as DePIN, stablecoins, and DeFi.
Inversion seeks to acquire businesses with established distribution channels and sticky user bases to ensure the construction of the largest and most efficient crypto customer base.
Why choose Avalanche?
Santos stated in an interview that Avalanche is one of the few places that can "truly" customize chains for specific use cases and provide support for all strategies. It also allows Inversion to permit its network at various levels (whether validator, smart contract deployer, or transaction level), thus maintaining greater control and security where it is most needed. Additionally, Avalanche meets its requirements in terms of privacy, EVM compatibility, native interoperability, gas, and customizable staking tokens.
Moreover, a critical point is that ParaFi Capital has previously invested in Avalanche, perhaps establishing a foundation of cooperation and trust between the two. After all, ParaFi itself sought Avalanche for its fund tokenization attempt.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
