GXD Labs
GXD Labs is a Miami-based digital asset and blockchain advisory, investment, and operating firm that serves bankruptcy estates, creditors, and digital asset companies, notably acting as Complex Asset Recovery Manager for the Celsius Network estate through its BRIC joint venture with VanEck.
- Company typePrivate
- Founded2021
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GXD Labs does
GXD Labs is a digital asset and blockchain operating, investment and advisory firm headquartered in Miami with operations in New York, founded in 2021 and operating as a wholly-owned subsidiary of Atlas Grove Partners. The firm is organized around three service lines: operating blockchain technology and infrastructure businesses, investing in digital asset entrepreneurs and tokens across web3, infrastructure, and DeFi, and advising on complex asset recovery, litigation, and wind-down efforts. Its flagship initiative is the Blockchain Recovery Investment Consortium (BRIC), a joint venture with VanEck that was appointed Complex Asset Recovery Manager and Litigation Administrator for the Celsius Network bankruptcy estate in January 2024.
GXD Labs primarily serves bankruptcy estates and creditor committees, digital asset entrepreneurs, and institutional counterparties engaged in complex cryptocurrency-related disputes. Notable engagements include recovering $299.5 million from a Tether settlement and $500 million from an EquitiesFirst settlement on behalf of the Celsius estate, securing more than $85 million for SAFE holders in the Rhodium Enterprises bankruptcy, and partnering with Figure Markets in an Ionic Digital proxy contest. The firm is led by Co-Founder and Managing Partner R Christian Wyatt (Harvard A.B. Honors, CFA, former Angelo Gordon, Plan Trustee of LBHI) and Co-Founder and Managing Partner David Proman (UVA, former Senior Partner at Fir Tree Partners, where he led a multi-billion dollar RMBS litigation recovery).
Revenue is generated through advisory and consulting fees, asset recovery and litigation management fees through BRIC, and returns from direct digital asset investments. The firm has a small team (11-50 employees), no publicly disclosed revenue or funding, and acquires engagements through direct institutional outreach, founder networks, and referrals anchored by court appointments and relationships with law firms including Akin and Quinn Emanuel.
GXD Labs firmographics
Firmographics- Name
- GXD Labs
- Legal name
- GXD Labs, LLC
- Website
- https://www.gxdlabs.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GXD Labs is a Miami-based digital asset and blockchain advisory, investment, and operating firm that serves bankruptcy estates, creditors, and digital asset companies, notably acting as Complex Asset Recovery Manager for the Celsius Network estate through its BRIC joint venture with VanEck.
- Ownership category
- akta.pro rank
GXD Labs industry classification
Industry- Product category
- Digital Asset Advisory and Investment
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ)
- akta.pro secondary industry
- Borrowing/Lending Risk & Credit Infrastructure (on-chain credit scoring, risk engines, insurance wrappers) (FSAPAEAI)
Keywords
Where GXD Labs is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
GXD Labs business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Advisory and Consulting Services: GXD Labs provides strategic planning, growth, liability management, and restructuring advisory services to clients including bankruptcy estates and digital asset companies.
- Asset Recovery Management: As appointed Complex Asset Recovery Manager and Litigation Administrator through BRIC joint venture, GXD Labs manages illiquid assets and litigation assets for the Celsius bankruptcy estate, generating fees from asset management and recovery efforts.
- Investment Returns: GXD Labs participates in digital asset investments through public and private investments, generating returns from early-stage and liquid digital asset tokens across web3, infrastructure and DeFi protocols.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
GXD Labs product offering
Product offeringCore offering
GXD Labs is a digital asset and blockchain operating, investment, and advisory firm that partners with digital asset entrepreneurs, invests in web3, infrastructure, and DeFi protocols, and maximizes complex asset recovery through litigation and wind-down engagements. The firm operates the Blockchain Recovery Investment Consortium (BRIC) joint venture with VanEck to manage distressed digital asset bankruptcy estates such as Celsius Network. Services include strategic planning, liability management, restructuring advisory, public and private digital asset investments, venture capital, and company incubation.
Product overview
GXD Labs is a digital asset and blockchain operating, investment and advisory business that offers a unified suite of services encompassing digital asset investments, blockchain technology operations, and complex asset recovery. The company operates through its core divisions: Digital Asset Investment Services (public/private investments, venture capital, and company incubation), Blockchain Technology Operations (creating blockchain infrastructure businesses), and Complex Asset Recovery Services (managing bankruptcies, litigation, and wind-downs). BRIC (Blockchain Recovery Investment Consortium), a joint venture with VanEck, specializes in managing complex digital asset bankruptcies including Celsius Network, handling illiquid asset monetization and creditor recoveries.
Differentiator
Problem solved
Functional benefit
Brands
- Blockchain Recovery Investment Consortium (BRIC): A joint venture between GXD Labs and VanEck created to maximize recoveries in complex digital asset bankruptcies like Celsius Network.
Products and services
- Digital Asset Investment Services Investment services for digital assets including public and private investments, venture capital, and company incubation across the digital asset ecosystem, for digital asset entrepreneurs and institutional counterparties.
- Blockchain Technology Operations Creation, development and execution of blockchain technology and infrastructure businesses, targeting digital asset entrepreneurs and institutional stakeholders.
- Complex Asset Recovery and Advisory Services Maximizes complex asset recovery, litigation and wind-down efforts, including strategic planning, liability management, and restructuring services, for bankruptcy estates and institutional counterparties.
- Blockchain Recovery Investment Consortium (BRIC) Joint venture between GXD Labs and VanEck that manages illiquid assets, litigation assets, and cryptocurrency distributions for distressed digital asset bankruptcy estates such as Celsius Network.
Quantifiable outcome
- $299.5M recovered from Tether settlement in Celsius bankruptcy
- +3 more outcomes
Companies that use GXD Labs
Customer profileSegments3 records
Ideal customer profiles3 records
GXD Labs technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GXD Labs partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major and core.
- EquitiesFirstmajorGXD Labs and EquitiesFirst announced resolution of claims relating to loans made by EquitiesFirst to Celsius Network. The $500 million settlement included dismissal of both an adversary proceeding originally filed in September 2023 and related arbitration. GXD Labs managed the litigation against EquitiesFirst through BRIC.
- Akin (Akin, Gump, Strauss, Hauer & Feld LLP)coreGXD Labs collaborated with Akin law firm to achieve landmark victory in Rhodium Enterprises bankruptcy, recovering over $85 million for SAFE holders. The partnership between GXD Labs team (led by David Proman, R Christian Wyatt, and Jordan Pietzsch) and Akin team (led by Mitch Hurley and Sarah Schultz) resulted in precedent-setting win for SAFE holders and one of the largest reported substantial contribution awards ($8.5 million) on record.
- Figure Markets Holdings Inc.majorFigure Markets Holdings Inc. partnered with GXD Labs in proxy contest and litigation against Ionic Digital. Both parties were plaintiffs seeking board changes and operational improvements at Ionic Digital. Settlement added two new independent board members to Ionic Digital and resolved outstanding litigation.
- Quinn Emanuel Urquhart & Sullivan, LLPcoreQuinn Emanuel served as legal counsel advising BRIC on the Celsius Network bankruptcy proceedings. Benjamin I. Finestone, co-head of Quinn Emanuel's bankruptcy and restructuring group, advised on the $299.5 million Tether settlement and related adversary proceedings.
- Atlas Grove PartnerscoreGXD Labs is a wholly owned subsidiary of Atlas Grove Partners. The firm operates as an affiliate of Atlas Grove Partners, which provides corporate infrastructure and strategic direction. Atlas Grove Partners is referenced as an Atlas Grove Company in copyright notices.
- Celsius Network Bankruptcy EstatecoreGXD Labs, through BRIC, was appointed by the Debtors and Unsecured Creditors Committee as Complex Asset Recovery Manager and Litigation Administrator for the Celsius Network bankruptcy estate following Celsius's exit from bankruptcy protection in January 2024. GXD Labs manages illiquid assets, litigation assets, and cryptocurrency for the estate's wind-down over a three-plus year period.
- VanEckcoreVanEck, an asset manager with approximately $161.7B under management (as of September 2025), formed the Blockchain Recovery Investment Consortium (BRIC) joint venture with GXD Labs in early 2023. BRIC was appointed Complex Asset Recovery Manager and Litigation Administrator in the Celsius Network bankruptcy in January 2024. The partnership combines VanEck's institutional asset management expertise with GXD Labs' digital asset and litigation recovery capabilities.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
GXD Labs competitors and assessment
Company assessmentBroad incumbents
- Galaxy Digital: Galaxy Digital is a diversified crypto-focused financial services and investment management firm operating across trading, asset management, mining, and venture. It is comparable to GXD Labs as both firms combine proprietary crypto investments with institutional advisory and asset management mandates.
- Fir Tree Partners: Fir Tree Partners is a value-oriented alternative asset manager where GXD co-founder David Proman was a Senior Partner executing $10B+ of transactions. Fir Tree pursues activist and distressed strategies including litigation recovery, comparable to GXD Labs' complex asset recovery and restructuring practice.
- Angelo Gordon: Angelo Gordon (now part of TPG) is a multi-strategy alternative asset manager where GXD co-founder R Christian Wyatt co-managed multi-strategy funds. Comparable multi-strategy and credit/arbitrage approach with overlap in distressed and process-driven investment strategies relevant to GXD's practice.
- Alvarez & Marsal: Alvarez & Marsal is a global professional services firm specializing in turnaround, restructuring, and complex asset recovery. Comparable as a broader restructuring/restructuring-advisory incumbent against which GXD Labs competes in court appointments and creditor-side mandates.
- FTI Consulting: FTI Consulting is a global advisory firm with a major restructuring practice serving creditors, debtors, and trustees in distressed and bankruptcy situations. Comparable as a broad incumbent in the restructuring and litigation advisory space where GXD Labs operates.
Direct peers
- Figure Markets: Figure Markets Holdings partnered with GXD Labs in the Ionic Digital proxy contest and litigation. Both firms operate in the intersection of crypto/blockchain infrastructure, distressed situations, and strategic activism, making Figure Markets a directly comparable counterparty in the same engagement.
Emerging players
- Pantera Capital: Pantera Capital is one of the largest crypto-native investment firms, investing across liquid tokens, venture, and early-stage blockchain companies. Comparable to GXD Labs' digital asset investment business across web3, infrastructure, and DeFi protocols.
- Multicoin Capital: Multicoin Capital is a crypto-native investment firm managing venture and liquid token funds with a thesis-driven approach across DeFi, infrastructure, and web3. Comparable to GXD Labs' venture and liquid token investment activities across DeFi protocols.
- Polychain Capital: Polychain Capital is a crypto-focused venture and liquid token fund investing across web3 infrastructure and DeFi. Comparable as a peer crypto investment firm with overlapping mandates in early-stage and liquid digital assets.
Others
- Core Scientific: Core Scientific emerged from a major crypto mining bankruptcy in 2024 and is a representative example of the type of complex digital asset bankruptcy estate that GXD Labs and BRIC are appointed to manage. Comparable as a customer/counterparty in GXD Labs' addressable mandate universe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
GXD Labs social profiles
Digital presenceGXD Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
GXD Labs leadership team
Management profileNumber of profiles
Profiles2 records
GXD Labs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GXD Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GXD Labs
What does GXD Labs do?
GXD Labs is a digital asset and blockchain operating, investment, and advisory firm that partners with digital asset entrepreneurs, invests in web3, infrastructure, and DeFi protocols, and maximizes complex asset recovery through litigation and wind-down engagements. The firm operates the Blockchain Recovery Investment Consortium (BRIC) joint venture with VanEck to manage distressed digital asset bankruptcy estates such as Celsius Network. Services include strategic planning, liability management, restructuring advisory, public and private digital asset investments, venture capital, and company incubation.
Is GXD Labs a public or private company?
GXD Labs is a private company. It is classified as corporate owned and is currently operating.
When was GXD Labs founded?
GXD Labs was founded in 2021. It employs 11 to 50 people.
Where is GXD Labs based?
GXD Labs is headquartered in Miami, United States, in the North America region.
How does GXD Labs make money?
Three revenue lines are on record. Advisory and Consulting Services are the primary driver. The others are asset Recovery Management and investment Returns.
Who are GXD Labs's main competitors?
Broad incumbents on record are Galaxy Digital, Fir Tree Partners, Angelo Gordon, Alvarez & Marsal and FTI Consulting. Figure Markets is listed as a direct peer. Emerging players are Pantera Capital, Multicoin Capital and Polychain Capital. Core Scientific is listed as an others.
Does GXD Labs have an API?
No public API is recorded for GXD Labs.
What industry is GXD Labs in?
GXD Labs's product category is Digital Asset Advisory and Investment. Its primary akta.pro industry code is FSAGAMAJ, Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring), with a secondary code of FSAPAEAI, Borrowing/Lending Risk & Credit Infrastructure (on-chain credit scoring, risk engines, insurance wrappers). Its NAICS code is 523940 and its SIC code is 6282.