MEV Capital's asset management size drops to approximately $300 million, an 80% decrease in four months

SmartContractAuditor · 2026-02-26T17:21:58+00:00

MEV Capital's assets under management declined 80% in four months to $300 million due to significant losses caused by the deUSD de-pegging event. The company's revenue has plummeted, and the CEO along with several employees have resigned. The asset management team has been internalized by Belem Capital. Meanwhile, the tokenization protocol Midas has appointed RockawayX to oversee its product strategy management.

SmartContractAuditor

2026-02-26 17:21:58

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Odaily Planet Daily reports that MEV Capital’s assets under management have decreased by 80% in four months, reaching approximately $300 million as of February 25, down from a peak of $1.5 billion in October 2025 (Source: DefiLlama). This decline followed the stablecoin deUSD de-pegging event on October 10, 2024, which triggered automatic liquidations across multiple protocols, resulting in direct losses exceeding $10 million (Source: The Big Whale). MEV Capital has offices in Vilnius and Dubai, with a team primarily of French nationals, previously holding significant exposure to yield strategies involving deUSD.

The company’s revenue has also dropped sharply. In Q1 2026, its protocol gross revenue was $804,720, an 86.8% decrease year-over-year; down from $6,100,000 in Q4 2025, a 92.4% decline. Quarterly net profit fell from $608,910 in Q4 2025 to $99,020 in the latest quarter. Regarding personnel, CEO Laurent Bourquin (former Société Générale executive) has stepped back from the public eye, with about 10 of the original 15 employees having left. An insider said Bourquin “is taking a break.” Belem Capital in Luxembourg announced this Wednesday that it has internalized MEV Capital’s institutional asset management team, ending the previous management authorization, with all investment operations transferred to Belem’s internal platform. Belem Capital is a digital asset investment platform providing regulated DeFi exposure for institutional investors. The integration includes 10 asset management, risk, and tech experts.

Meanwhile, tokenization protocol Midas announced on X platform that it has appointed RockawayX as the strategy manager for its mMEV and mevBTC products, effective immediately. RockawayX manages approximately $2 billion in assets and 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)

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