A New Chapter at Theoriq

By Pei Chen, CEO

To the Theoriq community —

Two of the most consequential trends in finance are converging, and the timing could not be more deliberate from where we stand.

‍

First, AI is reshaping financial services faster than most institutions anticipated. From automated research and risk modeling to autonomous portfolio management, the application of AI to financial use cases has become a strategic imperative. The firms moving earliest and most seriously are defining the competitive landscape for the next decade.

‍

Second, tokenized Real World Assets (RWAs) have crossed the threshold from experiment to infrastructure. With over $29 billion in RWAs onchain as of early 2026 — spanning tokenized credit, commodities, treasuries, and private funds — the momentum is structural, not speculative. Institutional capital, major asset issuers, and distribution networks are converging simultaneously, at a pace that would have seemed ambitious just twelve months ago.

‍

At the intersection of those two trends is exactly where Theoriq has been building for the past two years. AI-augmented curation of tokenized RWAs is not a niche thesis. It is one of the most significant financial product design opportunities of this cycle, and we are one of the very few teams with live products, a verified track record, and the technical depth to execute on it.

‍

That conviction is what drove our decision to reorganize.

‍

A market opportunity of this scale rewards focus and speed. After a rigorous internal assessment, we determined that our previous structure, while well-suited to the early build phase, was not configured to pursue this moment with the urgency it demands. We were operating across a broader surface than was optimal; the reorganization corrects that. 

‍

What follows is leaner, more accountable, and entirely oriented toward the next phase of growth.

Leadership & Organizational Changes

The most significant structural change is the completion of our separation from ChainML, our technical development partner. Over the past several months, the Theoriq team has built full in-house capability across product development, AI research, strategy execution, and operational decision-making. The result is a unified, tightly integrated organization — one that iterates faster, operates more efficiently, and moves with the kind of clean accountability that this phase of the company demands.

Alongside that consolidation, we are making the following leadership appointments:

• Ron Bodkin (Strategic Advisor): Ron co-founded Theoriq and led ChainML, our development partner, as CEO through our foundational build phase. His command of AI infrastructure, his ability to attract exceptional talent, and his leadership through a period of significant product development have been instrumental in getting us to where we are today. As we enter a more concentrated, product-focused chapter, Ron will move into an advisory capacity, continuing to contribute his perspective and expertise wherever it is most valuable. We are deeply grateful for his leadership and are confident he will remain a defining voice in the AI industry as he focuses on the urgent need for AI safety as AI capabilities accelerate rapidly.
  ‍
• Pei Chen (Chief Executive Officer): I am stepping into the CEO role having served as Theoriq's Executive Director for the past 1.5 years, building the institutional relationships, capital strategy, and operational infrastructure the organization runs on today. Before Theoriq, I held leadership roles across ConsenSys, RootstockLabs, and Sei Foundation at the intersection of crypto infrastructure and institutional adoption. Before crypto, I spent years in Goldman Sachs's fixed income division, where I developed the capital discipline and risk instinct I have carried into everything since. The mandate going forward is a natural extension of that work: scaling vault TVL, deepening the institutional pipeline, managing the token treasury with rigor, and holding the team to the standard our products have already set. I am committed to moving with urgency and communicating with this community openly along the way.
  ‍
• Jameson Pickett (Chief Product Officer): Jameson is being promoted from Head of Quant to Chief Product Officer. Since day one, Jameson has been the intellectual engine behind our vault curation strategies, responsible for the quantitative edge, the AI-assisted modeling, and the performance discipline that has put AlphaVault ETH in the top-5 for 30-day APY and Theoriq Gold Vault at number one in its category. As CPO, he will take full ownership of the product vision and roadmap, AI research and application, and the performance standards we hold ourselves to. What Jameson brings to this role is the precise synthesis the next phase demands: deep quantitative research, applied AI capability, and the operational command to translate both into vaults that consistently outperform. The elevation is earned, and the expanded mandate reflects exactly where we are heading. 
  ‍
• Jeremy Millar (Chairman & Board Member): Jeremy remains as Chairman of Theoriq and continues to be one of the most important voices in the room. He has been in crypto since the earliest days as former Chief Business Development Officer at ConsenSys, Chairman of Gnosis, Board Member of the Enterprise Ethereum Alliance, and Advisor to Chorus One. He has been shaping the institutional foundations of this industry longer than most. Jeremy’s continued commitment is particularly meaningful in the depth of his working relationships with both Ron and Pei. We are fortunate to have him on the team as we enter this next chapter.
  ‍
• Continued Organizational Support. Our Marketing/BD, Product, Research, and Engineering team and all fully engaged, actively supporting go-to-market execution, strategic positioning, and the broader product direction. The structural changes sharpen our execution without disrupting the support infrastructure around it.

Vaults: A Verified Track Record

Performance is the ultimate proof of concept. Our vaults are delivering it.

Theoriq Gold Vault is the #1 performing onchain gold vault, generating close to 5% native APY in gold terms as tracked by vaults.fyi. The institutional reception has been our strongest signal yet: allocators, RWA issuers, and distribution partners are actively engaging, and many view this product as category-defining. Tokenized gold represents approximately $6 billion in addressable onchain assets — the vast majority sitting idle — and we have built the infrastructure to put it to work. That combination of verified performance and institutional resonance is what we are doubling down on.

AlphaVault ETH (Q1 Performance Report), our first DeFi vault product, provided the curation foundation that makes this possible. The strategy refinements, risk management discipline, and cross-chain integrations developed there gave our quant team the confidence and capability to extend into tokenized RWA curation. That experience is what we are now scaling.

As part of this sharpened focus, AlphaChat and AlphaHub are being discontinued. These products served a purpose in our early exploration, but the institutional signal is clear: the highest-value application of our AI capability is not general-purpose agent coordination. It is precision curation of Real World Assets.

That is where our AI investment is going. Every future product we build will be deeply supported by machine learning, statistical modeling, and AI-assisted research — applied specifically to the work of generating real, verifiable yield on tokenized assets. This is the frontier in AI-native onchain asset management, and it is where Theoriq is fully committed.

$THQ: The Engine of Value

Token economics must reflect product economics. We are making deliberate, structural investments to ensure they do. 

Currently we are reviewing how $THQ connects to our vaults and future asset management strategies. With our renewed focus on tokenized RWAs and AI-native curation capabilities, elevating $THQ’s utility in this framework is a top priority going into this next chapter. 

The existing product surface, which includes staking, rsTHQ rewards, and revenue-funded buybacks has established a foundation. The next phase is more substantive. We are exploring mechanisms that would give $THQ holders a genuine role in the product, such as participation in vault strategy discussions, input into product direction, and direct exposure to the value created by RWA asset curation at scale. 

The design principle is clear; every utility layer we build should route real value from product activity back to aligned holders, and should give the community meaningful participation in the direction we are taking the project.

Looking Ahead

We are more confident in this opportunity than at any prior point in the company's history.

The team we are concentrating around this opportunity is a quantitative one. The work ahead is fundamentally the application of AI and quantitative research to onchain capital markets. We are deepening that capability. Quantitative research and AI-assisted modeling, and the discipline that has driven AlphaVault and Theoriq Gold Vault performance, will become the operating standard for everything we build going forward.

The structural conditions are in place: $29 billion in tokenized RWAs onchain, institutional capital actively seeking curated yield products, and a consolidated team with the quant depth and AI infrastructure to deliver. Our vaults have a solid track record. Our institutional pipeline is building. Our token economics are being tightened around the product. To fund the next phase, the team is actively working to raise additional capital through treasury operations and our investor network, ensuring we have the resources to seize this opportunity.

To the Theoriq community: your patience and continued support through the build phase has been foundational. We do not take it for granted. A Q2 update will follow as we make further progress across all fronts. We will continue to communicate transparently and specifically. 

Stay tuned. Reach out anytime.

Pei Chen

Chief Executive Officer, Theoriq

business@theoriq.ai

About Theoriq

Theoriq is committed to building a responsible, inclusive, and consensus-driven AI landscape in Web3. At the forefront of integrating AI with blockchain technology, Theoriq empowers the community to leverage cutting-edge AI Agent collectives to improve decision-making, automation, and user experiences across Web3.

Theoriq is a decentralized protocol for governing multi-agent systems built by integrating AI with blockchain technology. The platform supports a flexible and modular base layer that powers an ecosystem of dynamic AI Agent collectives that are interoperable, composable and decentralized.

By harnessing the decentralized nature of web3, Theoriq is unlocking the potential of collective AI by empowering communities, developers, researchers, and AI enthusiasts to actively shape the future of decentralized AI.

Theoriq has raised over $10.4M and is backed by Hack VC, Foresight Ventures, Inception Capital, HTX Ventures and more, and have joined start-up programs with Google Cloud and NVIDIA.

‍