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Future
Gary Black and David Kalis founded Future in 2019 as a vertically integrated crypto yield aggregator and prime brokerage based in Silver Spring, Maryland.
Future
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General information
Firm type
Asset Manager
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chattanooga
Corporate office
Silver Spring, MD, United States
Principals
Gary Black
Managing Partner and Co-Founder
David Kalis
Partner and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Future?
Gary Black and David Kalis run the firm as Managing Partner and Partner respectively. The firm has not disclosed a separate Chief Investment Officer, indicating that investment and product-design authority sits with the co-founders. Operational investment decisions — which DeFi protocols to route through and how to structure institutional yield products — appear to be made jointly by the founding team.
How does Future source proprietary deal flow?
Future sources proprietary flow through its consumer front-end, which aggregates retail demand for DeFi yields. That demand-side volume creates a natural order book that the institutional prime brokerage can fill, giving the firm a sourcing advantage over stand-alone prime brokers. The firm also scans protocol-level opportunities — staking programs, lending pools, liquidity-mining incentives — directly on-chain.
Is Future structured as a single family office or does it operate more like a venture firm?
Future is an asset manager with a dual revenue model — earning yield-spread revenue on retail accounts and fee-based revenue on its institutional prime brokerage stack. It is not a family office and does not invest proprietary family capital. The firm's pivot toward B2B infrastructure in 2024 aligns it more closely with institutional prime brokerage businesses than with direct crypto venture investing.
Does Future participate in fund commitments or only direct deals?
Future's primary activity is direct yield aggregation and institutional prime brokerage services, not fund commitments. The firm routes client capital directly into DeFi protocols like Aave, Compound, and native proof-of-stake networks. There is no public record of Future acting as a limited partner in external crypto funds.
What investment stages does Future typically target?
Future does not target traditional investment stages. The firm operates across liquid digital-asset markets, providing yield products on established L1 networks including Ethereum and Solana. For institutional clients, the prime brokerage stack covers custody, execution, and liquid yield optimization — the equivalent of a cash-management-plus allocation for crypto-native family offices and allocators.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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