Institutional DeFi Startup Hashnote Is First to Emerge From Incubator Cumberland Labs

“We’re not a subsidiary of Cumberland but obviously work closely with companies like DRW,” said Churchouse in an interview. “We work with external founders, where typically there is a large first check investment for a substantial equity position in companies where we can add a genuine competitive advantage with Cumberland and DRW. That means a deep involvement in trading, market making, engineering algorithmic systems, low latency, the whole nine yards.”