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Hourglass Financial

2 viewers · 30d

Total raised

$1.1M

+$1.1M this year

1 filing since 2026 · latest Equity filed

Cumulative raised
LAST ROUND
Equity · $1.1M
ROUNDS
1
INVESTORS
5
FOUNDED
2025
HQ
San Francisco, CA
SECTOR
Fintech
EMPLOYEES
N/A
30D VIEWERS
2

AI overview

Updated

Hourglass is a San Francisco company building market infrastructure for pricing time and risk in on-chain finance. It issues Time-Bound Tokens (TBTs) - non-custodial, semi-fungible ERC-1155 tokens that represent an asset locked or staked in a DeFi protocol - and runs a marketplace where holders can sell that position before the lockup expires. The marketplace launched by tokenizing Lido's staked-ether withdrawal queue and locked Frax ether, letting users exit early at a market-set discount. The company was founded in 2022 by Charlie Pyle, previously a co-founder of ZetaChain, and has roughly 16 employees.

What sets it apart

The first marketplace for trading time-locked positions: by wrapping a lockup in a transferable ERC-1155 token, Hourglass gives an otherwise illiquid staking or withdrawal-queue position a price and an exit, without the holder giving up custody.

Funding history

1 round
EquityApr 8, 2026 · $5K min
Form D
+$1.1M$1.1M total

Latest SEC filings

via EDGAR · CIK 0002127909
Form D · Apr 8, 2026View on EDGAR

Products

1 tracked

Hourglass Time-Bound Token marketplace

DeFi marketplace / crypto financial infrastructure

A marketplace for Time-Bound Tokens, which represent staked or otherwise locked DeFi assets plus their accrued rewards. Holders mint a TBT against a locked position and can sell it to a buyer willing to wait out the remaining lock, at a discount set by the market and the time remaining.

  • Time-Bound Tokens built as non-custodial semi-fungible ERC-1155 tokens
  • Secondary market pricing lockups at a time-based discount
  • Tokenization of the Lido staked-ether withdrawal queue
  • Support for locked Frax ether and early exits from other DeFi protocols

Links

WebsiteLinkedInSEC EDGAR filings