In a move that’s already circulating across crypto-native circles, Rune Christensen has unveiled a new Ethereum-focused treasury vehicle: Gigawei Capital a Digital Asset Treasury (DAT) designed to operate fully onchain and denominate performance in ETH, not fiat.
The announcement signals a deeper shift in how capital formation is evolving within Ethereum: away from passive holding and toward programmable, yield-generating treasuries that live natively on the network.
Since The Merge, Ethereum has transformed into a yield-bearing asset through staking, MEV, and emerging restaking primitives. Gigawei Capital is designed to lean fully into this new reality.
Onchain by design
Unlike traditional crypto funds or ETF-style wrappers, Gigawei Capital aims to be structurally onchain-first! This includes transparent treasury allocation visible in real time, smart contract–based strategy execution automated rebalancing between yield sources and governance mechanisms aligned with Ethereum-native participants.
Christensen emphasized that the goal is not to replicate TradFi structures, but to create a credibly neutral capital allocator that exists entirely within Ethereum’s trust assumptions.
Leveraging Ethereum’s Core Infrastructure
Gigawei Capital will rely heavily on the existing Ethereum stack, integrating with protocols across staking and DeFi: Liquid staking via ecosystems like Lido DAO and decentralized lending markets such as Aave.
Future plans also include exploring restaking opportunities enabled by EigenLayer, potentially unlocking new layers of yield and security participation.
From DAO Treasury to Capital Machine
Christensen’s experience with MakerDAO – one of the largest and most sophisticated onchain treasuries appears to heavily inform the design of Gigawei Capital.
Where MakerDAO focused on stablecoin issuance and collateral management, Gigawei Capital takes the next step. Whether Gigawei Capital becomes a dominant ETH treasury vehicle or simply an early experiment, its design philosophy is clear:
Capital should be native to the chain it operates on.
And for Ethereum OGs, that idea isn’t just compelling – it feels inevitable.
