MEV Capital's Assets Under Management Drop to Approximately $300 Million, Shrinking 80% in Four Months
Odaily News MEV Capital's assets under management have declined by 80% over four months, standing at approximately $300 million as of February 25, down from a peak of $1.5 billion in October 2025 (Source: DefiLlama). This drop follows the depegging event of the stablecoin deUSD on October 10, 2024, which triggered automatic liquidations across multiple protocols, causing the company direct losses exceeding $10 million (Source: The Big Whale). MEV Capital has offices in Vilnius and Dubai, with a predominantly French team, and previously had significant exposure to yield strategies involving deUSD.
The company's revenue has also seen a sharp decline. In Q1 2026, its protocol gross revenue was $804,720, a year-on-year decrease of 86.8%; this represents a 92.4% drop from the $6,100,000 recorded in Q4 2025. Quarterly net earnings fell from $608,910 in Q4 2025 to $99,020 in the latest quarter. Regarding personnel, CEO Laurent Bourquin (a former Société Générale executive) has faded from public view, and approximately 10 out of the original 15 employees have left. An informed source stated Bourquin is "taking a break." Luxembourg-based Belem Capital announced this Wednesday that it has internalized MEV Capital's institutional asset management team, the previous management mandate has ended, and all investment operations have been transferred to Belem's internal platform. Belem Capital is a digital asset investment platform providing regulated DeFi exposure for institutional investors; this integration includes 10 experts in asset management, risk, and technology.
Meanwhile, the tokenization protocol Midas announced on platform X that it has appointed RockawayX as the strategy manager for its mMEV and mevBTC products, effective immediately. RockawayX, with approximately $2 billion in assets under management, will be responsible for ongoing risk monitoring and strategy oversight. Midas added that all pending redemptions have been completed at the latest verified prices. (The Block)
