Fulgur Ventures backs Nexbridge because the next wave of real-world assets on-chain will not all live on Ethereum, and someone needs to build the issuance rails on Bitcoin. Founded in 2023 by Michele Crivelli and headquartered in San Salvador, Nexbridge is a regulated digital-asset issuer using El Salvador's progressive Bitcoin framework to bring instruments like US Treasury bills onto the Liquid Network.

The company's first flagship product is a tokenised short-duration US Treasury exposure issued on Liquid, accessible to non-US investors and integrable into wallets, exchanges, and treasury workflows that already speak Bitcoin. Behind the token sits a fully regulated structure under El Salvador's digital-asset law, with the kind of disclosure, custody, and audit standards that institutional capital actually requires.

This is exactly the kind of bridge Fulgur wants to back. Bitcoin holders, exchanges, and Lightning-native businesses increasingly need yield-bearing dollar instruments without leaving the Bitcoin stack. Nexbridge delivers that on Liquid, which means assets settle in minutes, support confidential transfers, and are interoperable with the same infrastructure powering stablecoins and tokenised securities elsewhere on the network.

The bigger vision is jurisdictional as much as technical. El Salvador has positioned itself as a regulatory home for Bitcoin-native capital markets, and Nexbridge is one of the first issuers to use that status seriously. As more sovereigns and corporates look for Bitcoin-aligned rails for treasuries and savings products, Salvadoran-issued, Liquid-settled instruments could become a meaningful category of their own.

Investing in Michele and the Nexbridge team is a bet on regulated, Bitcoin-native real-world assets becoming a core building block of the global financial stack. We are excited to support them as they expand from Treasuries into a broader catalogue of issuances.