Daily Brief Private Markets: Jon Ma and more

In today’s briefing:

Jon Ma, CEO Of Artemis, On Building 24/7 AI Agents For Trading & Investing

Crypto-token-only investing is disappearing as a standalone strategy, with major specialist funds expanding into frontier tech, AI & robotics (Paradigm) and into public & private crypto equities (Multicoin) as much of the value created by tokens has accrued to businesses like Coinbase, Circle & Tether rather than to tokenholders.
With liquidity & volume growing across every market from private secondaries (Augment, EquityZen) to tokenized equities (Robinhood, Kraken), tokens & perpetuals (Pump.fun, Hyperliquid), and prediction markets (Kalshi, Polymarket), a single worldview can now map to dozens of different assets, making the hard part figuring out what to actually buy.
As conviction rather than access becomes the bottleneck, every investment app is launching its own AI agents, from brokerages (Composer, acquired by SoFi) to trading apps (Robinhood, Public) and research platforms (Artemis), bringing research, portfolio management & execution together with the upside of owning the core user interface for deciding what to invest in, building a portfolio, and managing it over time.

Artemis raised a seed round in April 2022, with investors including Pear VC, Alameda Research, Blue Pool Capital, Mirana Ventures, and Fika Ventures.
The newest layer is Artemis Analyst, an AI research assistant launched publicly in August 2026.
Stablecoin supply tracked by Artemis crossed $315 billion in August 2026, and the use cases driving that growth, cross-border payments, treasury management, merchant settlement, and offshore dollarization, require more detailed instrumentation than generic on-chain dashboards provide.

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