HIC’s Fund II backs Mandala, Xcavate, Kylix and Hyperbridge to scale DeFi, RWAs and unsuitable-chain interoperability
Hong Kong and Cayman Islands – July 29, 2025 – Harbour Industrial Capital (HIC), a main funding company focused completely on the Polkadot Ecosystem, announced a $1.2 million USD funding across four high-affect ventures: Mandala Chain, Kylix Finance, Xcavate and Hyperbridge. This strategic deployment underscores Harbour Industrial Capital’s long-duration of time commitment to advancing decentralised finance (DeFi), tokenisation of exact world sources (RWA) and unsuitable-chain interoperability all the draw thru the Polkadot network
“Polkadot is already the most developed pickle to compose Web3 purposes,” explained the company’s CEO, Max Rebol. “”With the upcoming Polkadot Hub upgrade and the rollout of JAM, this will likely likely change into even extra obvious. While many funds occupy but to win on, we’re proud to lead from the entrance.” By draw of its Fund II, Harbour Industrial Capital is taking a pickle on the heart of the Polkadot ecosystem, and ought to serene continue to actively deploy capital all the draw thru 2025.
Mandala Chain: Constructing Scalable Country Chains
Mandala Chain is making a high-performance, scalable blockchain infrastructure in Indonesia and previous, tailored for local endeavor and authorities adoption purposes. Harbour Industrial Capital’s funding will speed up Mandala Chain’s roadmap and regional expansion, collectively with the deployment of its mainnet and partnerships with key change players.
“Mandala is reshaping digital infrastructure across identity, clinical files, financial companies, asset tokenization, and logistics. Backed by stable partnerships with authorities entities, financial institutions, and main enterprises, Mandala is properly-positioned to onboard the first 100 million users in Indonesia and scale its affect previous nationwide borders,” acknowledged Mario Altenburger, CIO of Harbour Industrial Capital.
Michael Bennallack, co-founder of Mandala Chain, added: “HIC used to be our first exterior supporter, believing within the Mandala Chain imaginative and prescient since day one. We’re grateful to Max and Mario for backing a technology that can force fundamental commerce in emerging markets.”
Xcavate: Unlocking Tokenised Valid Property
Xcavate is leveraging Polkadot’s infrastructure to bring fractional exact property funding to life, initiating with the UK market.
“Valid property is long leisurely for disruption,” acknowledged Max Rebol, CEO of HarbourIndustrialCapital. “The exact property change suffers from inefficiencies, misaligned incentives, and operational complexities. Xcavate’s personnel brings the moral arena trip and blockchain fluency to lead that commerce.”
Richard Houldsworth, Co-Founder and CTO of Xcavate, acknowledged: “This early-stage funding from HIC has been a extremely indispensable driver to enable us to transfer the Xcavate mission forward and meet our aim of a Q3 2025 mainnet open and token generation occasion.”
Kylix Finance: Empowering Decentralised Lending
Kylix Finance is revolutionising DeFi with its new unsuitable-chain lending and borrowing protocol, designed to enable seamless earn admission to to native liquidity across extra than one blockchains. Built for chain-abstraction and native unsuitable-chain interoperability, Kylix eliminates the need for wrapped sources or bridges, making a brand new generation of stable, capital-efficient lending. Harbour Industrial Capital’s funding will enhance the continuing expansion of the Kylix protocol and integration with additional blockchains.
“Polkadot which is constructed for interoperability from the bottom up is arguably the most practical pickle to host a unsuitable-chain lending market, and Kylix Finance’s revolutionary capability aligns perfectly with our imaginative and prescient for a extra interconnected financial ecosystem centered around Polkadot.” acknowledged Max Rebol, CEO of Harbour Industrial Capital.
Gianluigi Davassi, CEO of Kylix Finance, shared: “We’re no longer fair correct constructing every other lending protocol, we’re constructing the foundation for a unsuitable-chain DeFi layer that connects ecosystems. The enhance of Harbour Industrial Capital is a severe milestone: Their deep working out of Polkadot’s imaginative and prescient for interoperability gives us the strategic edge to scale sooner, turn into new markets, and continue pushing the boundaries of what’s conceivable in decentralised finance.”
Hyperbridge: Enabling Subsequent Era Bridging
Hyperbridge, a subsequent-generation unsuitable-chain bridging technology, permits stable and efficient asset transfers between fair blockchain networks, collectively with the Ethereum L2s. Harbour Industrial Capital’s funding will enhance Hyperbridge’s efforts to make stronger its protocol and increase bridge liquidity.
Max Rebol, CEO of Harbour Industrial Capital, explained his funding thesis, “I serene be conscious the high-profile bridge hacks of 2022 and 2023, where hundreds of millions in user funds were stolen. Hyperbridge on the quite hundreds of hand is a subsequent generation bridge, and in preference to relying on about a multisigs, user funds are underwritten by the cryptoeconomic safety of the total Polkadot network”.
Seun Lanlege, co-founder of Polytope Labs, the developer of Hyperbridge, commented on HIC’s investments: “We feel fortunate to occupy a partner fancy HIC that believes in our mission and trusts us to ship. Maintaining users’ funds is dependent on stable interoperability; right here’s the promise we’ve got delivered on and continue to iterate upon.”
For added records about HarbourIndustrialCapital and its funding portfolio, please talk to harbourindustrial.com or note us on X.
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About Harbour Industrial Capital
HarbourIndustrialCapital is a BVI-licensed manager led by Max Rebol and Mario Altenburger. It’s currently operating two separate Cayman Island restricted partnerships: HICFundILP launched in 2022 with LPs from Asia, Europe and the Center East; HICFundIILP launched in early 2025 and is currently originate for subscriptions to legitimate merchants. Each and every funds are focused completely on early stage venture investments within the Polkadot ecosystem.
Reward: Particular particulars referring to the funding amounts and phrases were intentionally no longer disclosed in this liberate. For inquires, please contact HarbourIndustrialCapital straight.
About Polkadot
Polkadot is the mighty, stable core of Web3, providing a shared foundation that unites about a of the sector’s most transformative apps and blockchains. Polkadot gives developed modular architecture that enables devs to without distress earn and compose their occupy in actuality expert blockchain initiatives, pooled safety that ensures the same high original for stable block production across all linked chains and apps linked to it, and sturdy governance that ensures a clear map where all americans has inform in shaping the blockchain ecosystem for enhance and sustainability. With Polkadot, users are no longer fair correct participants, they’re co-creators with the energy to shape its future.
