
EVIDENT has launched a proprietary Model Context Protocol (MCP) infrastructure designed to structure and automate fragmented private market deal communication through AI-driven workflows. The system enables partners to post, query, and retrieve live deal data in real time through natural language interactions, creating a scalable infrastructure layer for private markets.

Private markets are hitting a structural wall. Our 2025 Annual Letter breaks down the two technological revolutions rewiring the industry, the reality of the "Efficiency Paradox," and how we deployed capital over the last year.

Strong institutional and professional investor interest in the MemeStrategy fund marks a meaningful milestone for cultural asset tokenization.
.jpg)
MCP has become the standard protocol for AI-to-tool communication, with adoption from Anthropic, OpenAI, and Google DeepMind and the firms that build MCP infrastructure now will become the network nodes others route through, compounding their advantage over time.
.jpg)
Private markets deal flow is structurally fragmented — terms shared over WhatsApp, availability tracked in Excel, and critical information living in message histories rather than any centralised system, meaning deals are routinely missed simply because the right person did not have the right information at the right moment. AI agents paired with structured, machine-readable deal infrastructure offer a way to close that gap — and that is precisely what EVIDENT is building.
.jpg)
MCP operates through three interconnected layers — host, client, and server — enabling AI to query live data and trigger real-time actions through a standardised protocol. The deeper opportunity, especially in private markets, is building proprietary MCP servers that give AI governed, controlled access to internal systems rather than generic public tools.

Most firms use AI as a text tool. Few have asked what it takes for AI to actually reach their systems, data, and deal flow and even fewer have built the infrastructure to make that possible. MCP (Model Context Protocol) is the open standard that changes this, and the financial services industry is only beginning to engage with what it means to build on it.

EVIDENT's licensed digital market infrastructure has been selected to power the world's first institutionally structured fund focused on collectible trading cards, developed by MemeStrategy (HKEX: 2440) and centred on the PSA Grade-10 Pokémon x Van Gogh collaboration card. The partnership marks EVIDENT's expansion into cultural collectibles as an institutional asset class, delivering regulated tokenization and secondary market access for professional investors.

In 1865, an economist discovered that efficiency doesn't shrink markets - it grows them. Two shifts in market infrastructure are about to prove him right in wealth management.