Lucrum Verus Capital · Washington, DC

Policy-focused. Thesis-driven.

Investing in the businesses and networks enabled by crypto's evolution.

The Firm

We invest in the businesses and networks enabled by crypto's evolution — with a policy lens that sees the map before the market does.

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Admin@lucrumverus.com
Washington, DC 20002
Portfolio

The businesses crypto's evolution enables.

CURRENT POSITIONSSELECTED INVESTMENTS
7 Melee MarketsLATEST
Viral, permissionless prediction markets on Solana — parimutuel by design.
Essay: Coming Soon Frontier Markets
6 Strobe Labs
Permissionless perpetual futures on real-world data — Perp City.
Essay: Coming Soon Frontier Markets
5 Nova Markets
Conviction markets for the Hyperliquid ecosystem.
Essay: Coming Soon Frontier Markets
4 BasedAI
Commercialization layer for open-source AI.
Essay: Building The Open Intelligence Stack ↗ Open-Source AI
3 Inflow Pay
Payments and financial infrastructure.
Essay: 'I Don't Care, I Just Want to Sell' ↗ Payments
2 ByteStrike
AI compute marketplace.
Essay: The Marketplace for Intelligence ↗ AI Infrastructure
1 TBD
Prediction and event markets infrastructure.
Essay: The Future of Prediction Markets Is Still TBD ↗ Prediction Markets

Building something? Talk to us.

Admin@lucrumverus.com
The Team

Policy minds. Operator hands.

Rashan Colbert

Rashan
Colbert

Co-Founder · CEO
X / @rashan LinkedIn

Rashan is Co-Founder and CEO of Lucrum Verus Capital, where he leads the firm's crypto thinking, capital formation, and investment strategy. A philosophy-driven investor with a deep policy background, he's helped shape federal crypto legislation on behalf of leading exchanges, venture firms, DeFi projects, and stablecoin issuers. Previously Head of Policy at dYdX Trading and a U.S. Senate staffer, Rashan now applies that experience as a startup advisor, angel investor, and online writer. He lives in Washington, DC with his wife and family.

Habib Ahmadi

Habib
Ahmadi

Co-Founder · COO
X / @habib_ahmadi LinkedIn

Habib is Co-Founder and COO of Lucrum Verus Capital, where he leads firm operations, investment and fund management, and investor relations. He brings a cross-functional background spanning public markets investing, project management, and user experience design, with deep experience scaling processes at multinational technology and financial companies. Before LVC, Habib held leadership roles across operations and strategy at Fortune 100 companies. He holds an MBA and lives in Washington, DC with his dog, Nikko.

Contact us.

Admin@lucrumverus.com
Washington, DC 20002
Writing

Research. Analysis. Commentary.

FROM THE DESKLUCRUMVERUS.SUBSTACK.COM
Acta VerusOct 1, 2026 Acta Verus 07: September 2026
A periodic record of proceedings from Lucrum Verus Capital — the Clarity Act's failed cloture vote and what it means for the Regulatory Unlock thesis, plus the 2026 Butterscotch 60 and recent press.
 Rashan Colbert · Read ↗ Acta VerusAug 31, 2026 Acta Verus 06: August 2026
A periodic record of proceedings from Lucrum Verus Capital — dispatches from August 2026, including our latest investment, Melee Markets.
 Rashan Colbert · Read ↗ PolicyAug 13, 2026 Clarity Act Update
What this moment means for LVC — where Senate negotiations on the digital asset market-structure bill stand, and why its passage matters to the firm.
 Rashan Colbert · Read ↗ Acta VerusJul 31, 2026 Acta Verus 05: July 2026
A periodic record of proceedings from Lucrum Verus Capital — dispatches from July 2026, including our two latest Frontier Markets investments, Nova Markets and Strobe Labs.
 Rashan Colbert · Read ↗ LetterJul 4, 2026 LVC Semi-Annual Investors Letter H1 2026
The first eighteen years of crypto were an experiment. Our semi-annual letter to investors on where the thesis stands and what comes next.
 Rashan Colbert · Read ↗ Acta VerusJun 15, 2026 Acta Verus 04: June 2026
A periodic record of proceedings from Lucrum Verus Capital — notes, updates, and dispatches from June 2026.
 Rashan Colbert · Read ↗ MarketsJun 11, 2026 The Event is the Market
A turning point for prediction markets — how event-driven liquidity is reshaping the way markets price the future.
 Rashan Colbert · Read ↗ CommentaryMay 9, 2026 The Institutionalization of Crypto
Miami, market structure, and crypto's current phase — reflections from Consensus 2026.
 Rashan Colbert · Read ↗ Acta VerusMay 4, 2026 Acta Verus 03: May 2026
A periodic record of proceedings from Lucrum Verus Capital — LVC at Consensus Miami, May 4–6.
 Rashan Colbert · Read ↗ ThesisApr 4, 2026 The Future of Prediction Markets Is Still TBD
LVC's bet on authenticity in an increasingly synthetic world — the still-undefined future of prediction markets.
 Rashan Colbert · Read ↗ Acta VerusMar 5, 2026 Acta Verus 02: March 2026
A periodic record of proceedings from Lucrum Verus Capital — dispatches from March 2026.
 Rashan Colbert · Read ↗ Acta VerusFeb 1, 2026 Acta Verus 01: February 2026
A periodic record of proceedings from Lucrum Verus Capital — the inaugural dispatch, February 2026.
 Rashan Colbert · Read ↗ PortfolioJan 22, 2026 The PolyAsset Portfolio
Strategic architecture for capturing crypto's next order of magnitude — a framework for building across liquid and illiquid positions before the opportunity is broadly recognized.
 Rashan Colbert · Read ↗ MarketsDec 12, 2025 A Good Token is Hard to Find
A practical framework for identifying power-law tokens — and distinguishing the ones that will define the next financial system from the ones that won't.
 Rashan Colbert · Read ↗ ThesisNov 22, 2025 Polymorphic Rails
Crypto is evolving into a polymorphic financial substrate — infrastructure that simultaneously enables multiple financial futures rather than collapsing into a single use case.
 Rashan Colbert · Read ↗

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