Patrick Hizon - NEXUS Startup Competition Pitch #4: Mu Digital - TOKEN2049 Singapore 2025

My name is Patrick, co-founder of Mu Digital. We are bringing Asia's best yields on chain. What if I told you that you could earn up to 15% on your idol stable coin balances, whether it's a bull or a bare market? These investments exist, but the old world financial system was designed to keep them hidden from you. My co-founder and I have have underwritten over $200 billion of investment banking deals across Asia.

We've seen firsthand how the most interesting deals are gatekeep individuals and large financial institutions. Your everyday investor locked out. That's why we built New Digital. Our protocol allows your everyday crypto user to earn up to 15% natively. We source deals that other people can't find.

We make sure that they're underwritten to the highest degree of institutional standards and we deliver them in a form that's fun to use in DeFi. We offer two ways to earn. The Asia dollar moves at the speed of DeFi. Earn 7% in a conservative and liquid manner. Our Mubond offers premium yields.

For those willing to take a little bit more risk, earn up to 15% passively. Our products are backed by Asia Credit. This includes public bonds backed by governments, banks, and corporations, as well as private credit. We co-underwrite these deals with investment banks and private credit funds. We're using the relationships we built over our careers to ensure we're only delivering the best risk adjusted returns on chain.

A recent Mackenzie study projected that over the next 3 years, over $2 trillion of stable coins are coming online. Where's all that flow going to go? All of DeFi is less than 10% of that number today. We believe the Asia-Pacific credit market is a massive unlock for web 3. It provides 20 trillion market which can serve as a sustainable and scalable home for stable coin users looking for yield.

But don't take our word for it. Leading crypto traders, economists, academics, and entrepreneurs are all saying the same thing. Asia is not the future. It's the present. Our protocol is built for composability.

Every DeFi use case from yield trading to leverage looping to curated vault strategies will be available on top of our products. We're working with some of the biggest blue chips in DeFi from Pendle, Morpho to Curve. We've been excited by the early traction we've gotten within the Monad test net environment. Over the last 6 months, we've generated a weight list of over 40,000 users and we've built a highly engaged community from scratch. This is all with zero paid acquisition and a focus on organic user acquisition.

We're currently backed by OB, which is one of Asia's largest banks, as well as a host of global investors. We're just getting started. Our product will be live within the next month. So, come check us out if you're looking for a way to level up your own portfolio. In short, we digital is unleashing a trillion dollar primitive into web 3.

We're bringing Asia's best yields on chain. How many deals does your team need to source specifically to scale uh this specific product? And yeah, I'm curious like what's that process look like?

From a sourcing perspective, there's two sides of it. The public bond perspective is a highly liquid market. So, we're working with a Singapore licensed funded manager who has access to 500 million like today. Um the private credit side is a little bit of a cold start problem because we need to deploy TVL against that. But we have handshake agreements with today six different private credit funds across Asia to tap into their deal flow.

So from a scality perspective, we have the supply. It's a matter of us rolling up the TVL.

So are you guys kind of like a credit uh fund of funds or are you more like a tech platform that enables other asset managers? How would you categorize yourself?

Yeah, you can think of us as an onchain bond fund at the start. Um because of the cold start problem, we do need to work with existing inventory to scale up our TVL. What we're good at is originating deals. That's both my co-founders backgrounds. We both used to run desks at global investment banks.

So over time, what we do see is a future where onchain issuance is direct on chain and we see that as a lever where we can over time of two three years help serve as that bridge between traditional corporations just going straight on chain. Uh

how do you handle compliance? I mean it seems like people you know deposit stable coins in and then you're lending them out.

Clients you mean where do we get the demand from?

Uh LPS.

Ah uh we have a mix of both institutional and retail campaigns. What we find interesting with the RWA space you can't ignore of course institutional dollars. We target first cryptonnative uh institutions. What we think we offer is a competitive offering where no one's really rolling up Asia at scale. So bringing a different asset inventory but we also play for the everyday DeFi user.

So, as our GTM launches, we'll have different campaigns from pre-eposits to points programs that give a familiar interface for DeFi users that want to find different ways to interact with our product.