Hourglass

Hourglass is an institutional crypto yield platform that bridges stablecoin deposits to traditional capital markets via transparent, on-chain infrastructure. Founded in January 2022 by Charlie Pyle, the company pioneered the concept of Time-Bound Tokens (TBTs), a novel mechanism that tokenizes staked assets to enable liquidity and transferability of time-locked DeFi positions. Hourglass has since evolved to provide institutional investors with access to yield opportunities across both digital assets and traditional financial instruments, combining on-chain transparency with the return profiles of conventional capital markets. The company is backed by Electric Capital and raised a $4.2 million seed round.