Q2 2026 · $7.5M SAFT · STEAKHOUSE DD LIVE · ROLLING CLOSE
ARB CAPITAL × WREN STERLING

Sterling, on-chain.
Yield, native.

Introducing wstGBP. The first sovereign-backed, yield-bearing sterling primitive.

STATUS · ROUND OPEN
[ 02 ]PROBLEM
USD MONOCULTURE

99% of stablecoins are USD.
By law.

USD STABLECOINS
~99%
TOTAL MARKET
$320B
1%

The category-definer slot is open right now.

© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 03 ]INTRODUCING
INTRODUCING

wstGBP

The first non-custodial, yield-bearing sterling primitive. 100% on-chain. Pure DeFi.

© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 04 ]STATUS
STATUS · BUILT · LIVE · ANCHOR CLOSING

Every gate cleared. Anchor closing now.

Mar 2026
Partner MoU signed
Apr 2026
Contracts deployed
Apr 2026
Upgrade audit complete
Apr 2026
Steakhouse DD
Apr 2026
Wren Sterling (BVI) live
Open
Anchor closing
Imminent
wstGBP live
Five gates cleared in eight weeks. The first capital through sets the round.
© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 05 ]QUADRANT
QUADRANT OF ONE

Sovereign-backed. Non-USD. Alone.

CRYPTO-COLLATERALISED
SOVEREIGN-BACKED
USD
NON-USD
sUSDesUSDe
sUSDSsUSDS
stEURstEUR
BUIDLBUIDL
USYCUSYC
wstGBPwstGBP
NON-CUSTODIAL · 100% ON-CHAIN
© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 06 ]WEDGE
GTM · TWO DEMAND FLOWS

Treasury pulls in. Incentives push out.

TREASURY PULL
iGaming · PSPs · EMIs
£ £ £
wstGBP
wstGBP
£ £ £ MERKL
INCENTIVES PUSH
UNISWAP
AAVE
MORPHO
LPs · loopers · vaults

Treasury demand pulls wstGBP in.

NIM-funded Merkl incentives bootstrap LPs and loopers — DeFi adoption pushes wstGBP out.

© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 07 ]TRAJECTORY
TRAJECTORY · USYC PARITY

YEAR 1$4.5M ARR. YEAR 4$519M ARR.MID CASE

USYC PARITY $3BN TVL $0 $500M $1B $1.5B Y1 Y2 Y3 Y4 ARR · $M
20×
MOIC · T1 ANCHOR
$1.42B HIGH · 14%
$519M MID CASE · 5%
$269M BASE · 2.5%
$269MBASE · 2.5%
$519MMID CASE · 5%
$1.42BHIGH · 14%

Sterling first. Then every currency that isn't the dollar.

Arb Capital owns the issuer

© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 08 ]TEAM

Intelligence-First Leadership

DeFi depth. AI velocity. TradFi credibility.

CORE TEAM
JB
Jawaad Bokhari
CEO & PRODUCT ENGINEER, CO-FOUNDER
Senior Quantitative Trader, Ex-Head of Trading Arb Financial. iNED, regulated crypto exchanges.
Brian
Brian McMichael
CTO, CO-FOUNDER
Ex-Senior Core Protocol Engineer, MakerDAO. Ex-Ohio Supercomputer Center. 14+ years in crypto.
Andrea
Andrea Perlak
CFO, CO-FOUNDER
CEO, Crypto Accounting Group. Ex-World Bank Treasury. Ex-KPMG. CPA, 25+ years.
STRATEGIC PARTNERS & ADVISORS
Joe Quintilian
Joe Quintilian
EX-MAKER/SKY HEAD OF TRADING
ORIGINAL UNISWAP INVESTOR
Steven Becker
Steven Becker
EX-MAKERDAO PRESIDENT & COO
Chris Smith
Chris Smith
PROTOTECH LABS
?
Anchor Investor
OPEN · FIRST CHECK SHAPES THE ROUND
AI Output
Multiplier
  • Security + production auditing
  • Risk + compliance monitoring
  • On-chain trading + treasury ops
  • Finance, reporting + executive support
ANTHROPIC PARTNERSHIP · IN PROGRESS
© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL
[ 09 ]THE_ASK

The Ask.

Anchor investor slot · Open · First check shapes the round
Pre
$0.05
$500K
Seed
$0.10
$2M
Final
$0.25
$5M
Post
Target price $1 post raise

First check sets the floor. On-chain distribution at 20×.

jb@arb.capital BOOK A 30-MIN CALL THIS WEEK
© 2026 ARB CAPITAL × WREN STERLING CONFIDENTIAL · FOR ACCREDITED INVESTORS ONLY
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