We build the platforms institutional capital trades, measures, and defends on.
Nebula Capital is a finance-first data and infrastructure company. We operate four products across real-world asset tokenization, media buying, institutional data, and intellectual property. Our customers are hedge funds, asset managers, family offices, sovereign issuers, and the operating companies they back.
Four products. One platform.
Each product is independently licensable. Each runs inside the client's identity boundary. Together they form the institutional data plane Nebula's customers run on.
FY Neura
Real-World Assets
RWA tokenization for sovereign and corporate issuers
$18.6BTVL across RWA on-chain02Market Ads
Media Buying
Programmatic media buying with bid-stream verification
$2.1BMedia spend audited annually03Nebula Feed
Data Platform
Institutional data, B2B and B2C, on one substrate
2.4B+Vertices in the index04Rhone
Intellectual Property
Defensibility, valuation, and IP-collateralized financing
3 approachesIncomeOne platform. Every market that matters.
Three replicated regions. Twenty-five constantly indexed asset venues. Six-hop graph traversal at p99 9.4 ms. The platform is operated as a continuously running pipeline, not a quarterly software release.
One desk. Every signal in one frame.
Position book. Live tape. Implied vol surface. Correlation matrix. Risk decomposition. Every artefact a portfolio manager and a risk officer need, audited end to end and served at p99 9.4 ms.
Every position is decomposed against the live factor model. VaR, expected shortfall, and beta-to-benchmark refresh inside the trader's view, not in a nightly batch.
Every screen comes with a timestamp and a latency receipt. The trader sees the same clock the auditor sees. No batch lag, no nightly stale-mark surprises.
The Regime classifier conditions everything downstream — position sizing, hedge ratios, factor tilts. Risk-On / Neutral / Risk-Off propagates to every panel.
By the numbers.
Tokenized RWA, audited media yield, and indexed data flow combined
- Vertices indexed0.0B+Cross-asset, on-chain, corporate, consumer
- Edges in the graph0.0B+Weighted, audited, replay-grade
- P99 query latency0.0 msSix-hop traversal, intra-VPC
- Counterparties0+Allocators, issuers, agencies, IP holders
- Avg modeled IRR uplift0.0%Across the data + execution stack
- Audit replay coverage0%Every decision reproducible from inputs
What capital is searching for right now.
Nebula Feed surfaces the topics moving institutional capital, household finance, enterprise tech, IP counsel, and AI-legal infrastructure. The feed below is a snapshot from May 2026 indexed across consumer search, professional press, and the Anthropic Claude For Legal release wave.
Real-World Assets↗
Tokenized exposure to off-chain instruments and the regulatory frameworks behind them.
- 01Tokenized Treasuries+$9.6B largest category
- 02BlackRock BUIDL · digital AUM+$150B per 2026 letter
- 03Real-estate tokenization+Institutional carriers
- 04Private-credit RWA+Centrifuge, Maple, Goldfinch
- 05Cross-chain RWA+Interoperability standard
- 06GENIUS Act · Clarity Act+Regulatory clarity 2026
- 07DTCC private network+Compliance + privacy pilot
Finance · Most Searched
What the consumer and the household are typing into Google.
- 01Income taxes=Top in 24 of 50 states
- 02Mortgages+Rate-sensitive, regional
- 03Insurance · auto + health+Premium inflation
- 04Retirement planning+401(k), IRA, SECURE 2.0
- 05Point-of-purchase credit+BNPL surge among under-30s
- 06Mobile-first banking+Gen Z, neobank stack
- 07Estate planning+State-specific spike
Enterprise Tech Discovery↗
What CIOs, CTOs, and architects are actively researching in 2026.
- 01Agentic AI · multi-agent systems+Production-grade in 2026
- 02AI sovereignty+93% of execs planning
- 03AI infrastructure densification+Inference > training
- 04Compound AI · memory layer+Beyond stateless prompts
- 05Hybrid / sovereign cloud+Data residency mandate
- 06AI superfactories+Distributed compute
- 07Agent control planes+MCP, A2A protocols
Intellectual Property · Lawyer Help↗
The questions corporates, inventors, and operators bring to IP counsel.
- 01USPTO trademark filing+Self-file vs counsel
- 02Patent application process+Drafting + office actions
- 03Idea protection · NDA+Pre-pitch, pre-fundraise
- 04IP licensing agreements+Royalty + carve-outs
- 05NFT and digital-asset IP+Ownership + transfer
- 06Prior-art searches+Defensive filing posture
- 07Patent prosecution+Cooley, Fish & Richardson
Claude for Legal · Plugins↗
Anthropic launched Claude For Legal in May 2026: 12 practice-area plugins, 20+ connectors.
- 01Claude For Legal+Launched May 2026
- 02IP Legal plugin+Patent + trademark workflows
- 03Corporate Legal · M&A diligence+Closing checklists
- 04Regulatory + AI Governance+12 practice areas
- 05MCP connectors+DocuSign, Ironclad, LexisNexis
- 06Harvey · Legora · plugin ecosystem+Open-source extensions
- 07LawDroid civil-aid plugin+Free, open-source
Type the question. Trade the answer.
Nebula Feed indexes 2.4 billion vertices and 8.9 billion edges of cross-asset, on-chain, corporate-disclosure, and consumer-behavior data. Allocators query the graph through the terminal and receive an evidence-graded decision with a confidence score, latency receipt, and deterministic replay record for the auditor.
Cross-asset prices, on-chain telemetry, corporate disclosures, sovereign issuance, and 190+ markets, normalised into a single queryable substrate.
Natural-language queries are decomposed into graph traversals over the index. Six-hop search at p99 9.4 ms. Results carry the full path back to source.
A regime-conditional decision panel emits the recommendation with a confidence score, time to generation, and a deterministic replay record for the auditor.
Four products. Each answers a specific question.
We publish what we measure. The products below are accessible by API, by terminal, or inside a client environment under the client's identity boundary.
- 01
FY Neura
Real-World AssetsRWA tokenization for sovereign and corporate issuers
Nebula's institutional-grade RWA platform. FY Neura turns short-duration Treasuries, structured credit, and corporate paper into tokenized exposure with programmable settlement and continuously verifiable provenance. Built for issuers running multi-billion mandates and allocators that need real-time exposure visibility.
Continuous · T+0 settlement$18.6BTVL across RWA on-chain · sourced RWA.xyzOutputs- Tokenized exposure ledger
- Programmable settlement
- On-chain attestation
- Compliance attestation layer
- 02
Market Ads
Media BuyingProgrammatic media buying with bid-stream verification
Institutional-grade media buying with end-to-end yield audit. Market Ads runs the buy side across programmatic, sponsored, and direct inventory, with continuous bid-stream verification and a reconciled yield ledger. Built for advertisers and agencies that have stopped trusting the open exchange.
Continuous · daily reconciliation$2.1BMedia spend audited annuallyOutputs- Reconciled yield ledger
- Bid-stream attestations
- Fraud-flag stream
- Attribution report
- 03
Nebula Feed
Data PlatformInstitutional data, B2B and B2C, on one substrate
Cross-asset prices, on-chain telemetry, corporate disclosures, sovereign issuance, and a deep consumer-behavior feed indexed into a single queryable graph. Allocators query it through the terminal. Brands query it for category signal. The graph is the same; the schema each customer sees is theirs.
Live · 30s refresh2.4B+Vertices in the index · 8.9B edgesOutputs- Cross-asset feed (B2B)
- Consumer signal feed (B2C)
- Decision API
- Replay-grade audit trail
- 04
Rhone
Intellectual PropertyDefensibility, valuation, and IP-collateralized financing
Operates intellectual property as a balance-sheet asset. Rhone maps a patent estate, scores defensibility under three valuation approaches in parallel, and architects the IP-collateralized financing rail. Used by corporates with strategic IP and by sovereign portfolios with state-funded research.
Updated weekly · re-rated quarterly3 approachesIncome · market · cost — all run, all reconciledOutputs- Defensibility index
- Income / market / cost reconciliation
- White-space map
- IP-backed financing structure
Three figures from the current quarter.
We publish what we measure. The charts below are illustrative of the data the firm ships into client environments every week. Sources are cited inline.
Tokenized real-world assets crossed institutional scale in 2025.
On-chain RWA total value locked grew from $2.5B in January 2024 to $18.6B in October 2025. The inflection followed BlackRock's BUIDL launch in March 2024 and accelerated when regulated trading venues began accepting tokenized Treasuries as collateral.
Sources · RWA.xyz · DeFiLlama · The Defiant · BlackRock disclosures
On-chain total value locked excludes fiat-backed stablecoins. Reference line at $10B is a working definition of institutional scale and is not a regulatory threshold.
Trailing twelve months. Three states, classified monthly.
The Regime Monitor outputs a three-state classification conditional on a stated horizon. The band below is illustrative of the classifier's behaviour over the past twelve months. It is not a price forecast and not a recommendation.
Classifier · Volatility composite · Cross-sectional momentum · Term-structure slope
Illustrative output. Real-time classification is available via API and inside the live terminal at /insights. Regime is the conditioning variable upstream of position sizing; it does not move position.
Four products over one data plane. Deployed inside the client.
The product layer is decoupled from the data plane. The data plane is decoupled from the deployment topology. Each product can be operated independently, but composes naturally with the others under a shared governance catalogue.
Reference deployment · Audit-replayable · Air-gapped optional
The reference stack is intentionally conservative on the data plane so the product layer can move fast. Engagements compose two or three products typically; rarely all four at once.
How we build the data.
The work is opinionated. The principles below govern what we ship and what we decline to ship. Where we depart from them, we say so in the methodology footnote of the product.
- 01
Measurement first.
Every product we ship begins with a clear question and an explicit metric. If we cannot define what success looks like in advance, we do not ship the product. The auditor reads what the trader reads.
- 02
Replayable end to end.
Every decision the platform emits is reproducible from canonical inputs. The audit trail is a first-class artifact, not an afterthought, and it remains where the operator's auditor expects it.
- 03
Regimes over forecasts.
We classify state. We do not predict price. The systems we build treat regime as the conditioning variable upstream of every downstream decision — position sizing, RWA allocation, media cadence, IP-credit drawdown.
- 04
Boring data plane.
The substrate is Postgres, Kafka, object storage, and a vector index where retrieval matters. We are conservative on the data plane so the work above it can be ambitious. The CISO review takes a day, not a quarter.
What the desk is writing about now.
Engineering capital cycles: why a 90-day process becomes a 48-hour pipeline
The 90-day capital cycle is an artifact of fax-era underwriting. Programmable rails, on-chain attestation, and smart-contract draw scaffolding compress the same workflow into a continuously running pipeline.
At a glance
What is Nebula Capital?
Nebula Capital is an institutional fintech firm that engineers cryptographic ledger infrastructure, distributed ledger protocols, and quantitative asset architecture for sovereign operators and institutional capital. The firm operates three proprietary systems: FY NEURA for sovereign debt and asset tokenization, RHONE for national intellectual property security, and MARKET ADS for programmatic informational integrity.
- Founded
- Tech-first fintech
- Headquarters
- Global remote
- Mandate
- Sovereign · Institutional
- Status
- Technology services provider
Frequently Asked
Direct answers.
The questions sovereign operators and institutional principals ask most often, answered in their canonical form.
- What is Nebula Capital?
- Nebula Capital is a finance-first institutional fintech company. It operates four products: FY Neura for real-world asset tokenization, Market Ads for programmatic media buying with bid-stream verification, Nebula Feed for B2B and B2C data, and Rhone for intellectual property defensibility and IP-backed financing. Nebula Capital is a technology services provider; it is not a registered investment adviser, broker-dealer, or lender.
- Who does Nebula Capital work with?
- Nebula Capital partners with hedge funds, asset managers, family offices, sovereign issuers, corporates with strategic IP, agencies, and the operating companies they back. Engagements are scoped per counterparty mandate, and the products run inside the client's environment by default.
- What is FY Neura?
- FY Neura is Nebula Capital's real-world asset (RWA) tokenization platform. It turns short-duration Treasuries, structured credit, and corporate paper into tokenized exposure with programmable settlement and continuously verifiable provenance. The platform supports T+0 settlement and is built for issuers running multi-billion mandates and for allocators that need real-time exposure visibility.
- What is Market Ads?
- Market Ads is Nebula Capital's institutional media buying platform with end-to-end bid-stream verification. It runs the buy side across programmatic, sponsored, and direct inventory, with continuous yield audit and a reconciled ledger. Used by advertisers and agencies that need cryptographic attribution and a fraud-flagged yield stream.
- What is Nebula Feed?
- Nebula Feed is Nebula Capital's institutional data platform. It indexes cross-asset prices, on-chain telemetry, corporate disclosures, sovereign issuance, and consumer-behavior signal into a single queryable graph: 2.4 billion vertices and 8.9 billion edges. It serves both B2B institutional customers (asset managers, hedge funds, family offices) and B2C consumer-facing customers (brands, agencies, retailers).
- What is Rhone?
- Rhone is Nebula Capital's intellectual property platform. It maps patent estates, scores defensibility under three valuation approaches in parallel (income, market, cost), surfaces white space and collision risk, and architects IP-collateralized financing. Used by corporates with strategic IP and by sovereign portfolios with state-funded research.
- How is Nebula Capital deployed?
- Nebula Capital's default deployment topology is inside the client's environment. The four products (FY Neura, Market Ads, Nebula Feed, Rhone) run inside the operator's virtual private cloud under the operator's identity boundary, with control-plane communication over signed and audited channels. Air-gapped sovereign-cloud deployment is supported for state-controlled network parameters.
- What compliance frameworks does Nebula Capital satisfy?
- Nebula Capital's products are SOC 2 Type II compliant, ISO/IEC 27001 aligned, data-localization guaranteed, and air-gapped sovereign-cloud compatible. Audit trails are first-class: every decision artifact is replayable from input through decision, attestation receipts are persistent, and the audit boundary remains where the operator's auditor expects it.
- How does an engagement with Nebula Capital begin?
- Engagements begin with a direct conversation between a senior Nebula partner and the operator's team. There are no prepared decks or discovery-call sequences. Scoping translates the operator's actual mandate into a shippable engagement. Time to first production deployment is under 30 days from scope lock.
Work with us
Tell us what you're trying to measure.
The first conversation is direct. A senior partner reads the message, replies within two business days, and either says yes to a working session or says no and explains why. There is no prepared deck and no discovery call sequence.