The fund
TAO as the reserve asset. Subnets for the upside.
Stillcore is a U.S. fund dedicated to Bittensor (TAO), structured as an open-end, evergreen fund under Rule 506(c). We hold TAO, back high-conviction subnets and handle the wallets, custody and staking, so investors get the exposure without the operational work.
Two core investing activities
01 · Reserve asset
We hold TAO, the token of Bittensor, as a core, yield-bearing asset. It is the coordination asset of the whole network: every subnet trades against TAO, and staking earns protocol rewards, which are variable, paid in TAO and not guaranteed.
02 · Subnet investing
We back decentralized AI startups (subnets) within the Bittensor ecosystem: active selection of high-conviction subnets, private deals sourced directly with founders, and on-chain liquidity kept for active management.
Your access point to decentralized AI
01
Active positions across decentralized AI infrastructure and applications, staking and ecosystem opportunities, continuously optimized.
02
Private, over-the-counter deals with founders, sourced through deep relationships across the ecosystem.
03
Investment banking and private equity backgrounds: risk management, reporting and compliance from day one.
04
Media reach through This Week in Startups and The Hash Rate, and an early view few institutions have taken yet.
Why a fund, not a wallet
Owning TAO directly means managing wallets and keys, choosing validators, staking, and keeping up with a protocol that changed its core economics several times in 2026 alone. Backing subnets adds diligence on founders, private deal access and on-chain execution. Stillcore does that work for its investors, and publishes the research behind it.
How to invest
01
A conversation with Rob Greer about the fund, the strategy and fit.
02
Interests are offered only to verified accredited investors, as Rule 506(c) requires.
03
The fund overview on DocSend, then the confidential offering documents, shared directly.
04
Subscribe through the offering documents; we handle the TAO, the staking and the subnets.
For accredited investors only.
Fund Overview & ResearchOur fund deck, for accredited investors. It opens on DocSend once you enter your email.
Open the fund overviewCommon questions
Stillcore is a U.S.-based, open-end, evergreen fund offered under Rule 506(c) that participates actively in the Bittensor network. The fund acquires and stakes TAO and backs emerging decentralized AI startups through subnets. By pairing technical and financial resources, Stillcore supports the growth and integrity of decentralized AI infrastructure.
Holding TAO is passive. Stillcore manages its participation actively: it allocates capital to promising subnets, stakes for protocol yield and supports critical infrastructure, and investors hold it with no wallets, custody or staking to manage. The aim is long-term capital appreciation through deep engagement with the protocol's evolution and governance.
Exchange-traded products and trusts that hold TAO give passive exposure to the token, where they are available. Stillcore is an actively managed fund: we hold TAO as the reserve asset and also back individual subnets, including through private, over-the-counter deals with founders that are not available on an exchange.
The fund runs on institutional rails. BitGo provides custody and OTC trading, FalconX provides subnet custody and staking, and Kraken is a backup custodian. NAV Consulting is the fund administrator, Cohen & Co audits the fund and prepares its tax filings, and Horizons Law is fund counsel. The offering documents describe each provider’s role.
The fund’s TAO and subnet tokens are held with institutional custodians, not in a partner’s personal wallet, and the administrator, not the manager, keeps the fund’s books and investor records. Investors hold an interest in the fund, so there are no wallets or keys to manage.
Interests in the fund are offered only to verified accredited investors, and only through the fund's confidential offering documents. Open the fund overview or book a call to start.
Subnets are specialized markets within the Bittensor network. In each one, AI models compete to provide a specific service, such as inference, search or data processing, and the network rewards the best work. Stillcore tracks promising subnets as they emerge and contributes to their growth where it is technically and strategically aligned. How subnets work.
Stillcore operates as an open-end, evergreen fund under Rule 506(c), managed by partners with experience across finance, blockchain and artificial intelligence. The structure sets clear operational responsibilities, and investment decisions draw on performance analytics, subnet engagement and developments in the Bittensor protocol.
Keep reading
Contact
Book a call with Rob Greer, Partner, to talk through the fund, our research or Bittensor (TAO). Or text / WhatsApp Rob at (551) 404-4064.
For accredited investors only.