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A Gen2 Treasury Operating System for the Digital Asset Era

Turning Market Volatility Into a Compounding Advantage

Active Risk Intelligence for the Digital Asset Era

Active Risk Intelligence for the Digital Asset Era

Active Risk Intelligence for the Digital Asset Era

EMJX transforms passive digital-asset exposure into a governed, system-driven Treasury Operating System. Unlike Gen1 treasuries that simply hold assets and absorb volatility, EMJX is designed to observe risk, classify regimes, and govern capital allocation across full market cycles — turning volatility from a liability into a structural advantage.

EMJX transforms passive digital-asset exposure into a governed, system-driven Treasury Operating System. Unlike Gen1 treasuries that simply hold assets and absorb volatility, EMJX is designed to observe risk, classify regimes, and govern capital allocation across full market cycles — turning volatility from a liability into a structural advantage.

EMJX transforms passive digital-asset exposure into a governed, system-driven Treasury Operating System. Unlike Gen1 treasuries that simply hold assets and absorb volatility, EMJX is designed to observe risk, classify regimes, and govern capital allocation across full market cycles — turning volatility from a liability into a structural advantage.

Structured Convexity (Governed by Design)

Convexity Sleeve (up to 10%)

Capped asymmetric positions designed to capture power-law outcomes across select digital assets and public equities, without compromising system stability.

System Layer

Risk-absorption and volatility-management mechanisms that stabilize the Treasury OS across market regimes. This layer uses intelligence inputs to pace exposure, manage drawdowns, and prevent reflexive errors.

Core Foundation

Bitcoin and Ethereum serve as long-duration collateral and liquidity anchors. This foundation is designed for durability, liquidity resilience, and compounding across cycles — not short-term optimization

Governed Risk Absorption

Capped Convexity Sleeve

BTC & ETH as Long-Duration Collateral

Convexity Sleeve
(up to 10%)

System Layer

Foundation (60-80%)
BTC & ETH as long-duration collateral and liquidity anchors

Governed Risk Absorption

Capped Convexity Sleeve

BTC & ETH as Long-Duration Collateral

Convexity Sleeve
(up to 10%)

System Layer

Foundation
BTC & ETH as long-duration collateral and liquidity anchors

Proven Leadership. System-First Vision.

A Founder Built to Design Long-Duration Platforms

Eric M. Jackson

Founder & Chief Executive Officer

Eric Jackson brings more than two decades of experience navigating public markets through multiple cycles, with a focus on identifying misunderstood platforms and structural inflection points before they are broadly recognized.

He is best known for building long-duration conviction around platform companies such as Carvana, Opendoor, and Nextdoor — emphasizing systems thinking, transparency, and discipline rather than short-term trading. That same philosophy underpins the EMJX Treasury Operating System: a rules-based, intelligence-driven framework designed for survivability and compounding across regimes.

Eric is a frequent commentator on market structure, technology, and digital assets, with appearances on CNBC, Bloomberg, and Fox Business, and a global audience of more than 150,000 followers. Since 2021, his work has focused on building quantitative, governed decision frameworks for managing volatility and capital — principles that form the foundation of EMJX’s proprietary risk-intelligence stack.

Education

Education

Ph.D in

Management

Experience

Experience

Media Presence

Media Presence

Long-Cycle Pattern Recognition at Platform Inflection Points

Long-Cycle Pattern Recognition at Platform Inflection Points

  • 43x

    Multiple at Peak

    Turnaround and platform inflection identified ahead of consensus

  • 7x

    Multiple at Peak

    Conviction built around AI-driven mortgage platform

  • 15x

    Multiple at Peak

    Retail narrative aligned with macro rate cycles

  • 58x

    Multiple at Peak

    AI + post-quantum thesis early

  • 8x

    Multiple at Peak

    AI essential infrastructure conviction

  • 7x

    Multiple at Peak

    Crypto mining thesis identification

  • 27x

    Multiple at Peak

    Turnaround thesis identified ahead of consensus

  • 7x

    Multiple at Peak

    AI mortgage platform conviction

  • 15x

    Multiple at Peak

    Retail narrative + rate macro timing

  • 58x

    Multiple at Peak

    AI + post-quantum thesis early

  • 8x

    Multiple at Peak

    AI essential infrastructure conviction

  • 7x

    Multiple at Peak

    Crypto mining thesis identification

  • 27x

    Multiple at Peak

    Turnaround thesis identified ahead of consensus

  • 7x

    Multiple at Peak

    AI mortgage platform conviction

  • 15x

    Multiple at Peak

    Retail narrative + rate macro timing

  • 58x

    Multiple at Peak

    AI + post-quantum thesis early

  • 8x

    Multiple at Peak

    AI essential infrastructure conviction

  • 7x

    Multiple at Peak

    Crypto mining thesis identification

Defining the Gen2 Digital Asset Treasury Category

Defining the Gen2 Digital Asset Treasury Category

The Clear Gen2 Category Leader

Digital-asset treasuries are entering a structural transition. Just as search evolved from static directories to algorithmic systems, this category is moving from passive accumulation toward active, governed treasury management as scale, complexity, and risk increase.

EMJX is built for this transition — not as a balance-sheet strategy, but as a Treasury Operating System that governs risk intelligence, capital allocation, and reinvestment across market cycles.

Digital-asset treasuries are entering a structural transition. Just as search evolved from static directories to algorithmic systems, this category is moving from passive accumulation toward active, governed treasury management as scale, complexity, and risk increase.

EMJX is built for this transition — not as a balance-sheet strategy, but as a Treasury Operating System that governs risk intelligence, capital allocation, and reinvestment across market cycles.

Digital-asset treasuries are entering a structural transition. Just as search evolved from static directories to algorithmic systems, this category is moving from passive accumulation toward active, governed treasury management as scale, complexity, and risk increase.

EMJX is built for this transition — not as a balance-sheet strategy, but as a Treasury Operating System that governs risk intelligence, capital allocation, and reinvestment across market cycles.

Why the Treasury OS Model Matters
Instead of optimizing for short-term outcomes, the Treasury OS is designed to:

Why the Treasury OS Model Matters
Instead of optimizing for short-term outcomes, the Treasury OS is designed to:
Why the Treasury OS Model Matters
Instead of optimizing for short-term outcomes, the Treasury OS is designed to:

Risk Discipline

Risk Discipline

Risk Discipline

Capital Stability

Higher

Yields

Capital Stability

Long-Term Compounding

Long-Term Compounding

Long-Term Compounding

The Treasury OS Flywheel

The Treasury OS Flywheel

Volatility Is Managed, Not Absorbed

Internal Yield

Engine Scales

Strategy

Risk Intelligence Guides Capital Allocation

Risk Intelligence Guides Capital Allocation

Capital Is Deployed Within Guardrails

Trust Attracts Aligned, Patient Capital

Capital Stability Builds Long-Term Trust

System Design Defines Risk Posture

Attention Attracts Capital

Performance Generates Attention

Capital Deploys to Model

Model Executes Strategy

Strategy Generates Performance

Internal Yield Engine Scales Strategy

Gen1

Passive Accumulation

Early digital-asset treasuries were designed to hold assets and absorb volatility. Outcomes were driven almost entirely by market direction, with limited ability to manage drawdowns, liquidity stress, or capital allocation across regimes.

Gen2

Intelligent Management

EMJX represents the next evolution: a multi-asset Treasury Operating System designed to observe risk, govern exposure, and reinvest capital across market cycles.

Rather than relying on unhedged exposure, the platform integrates:

  • Bitcoin and Ethereum as foundational collateral

  • System-level risk intelligence across assets and regimes

  • Governed volatility management designed for institutional-grade resilience

    When Volatility Rises, Structure Matters

EMJX represents the next evolution: a multi-asset Treasury Operating System designed to observe risk, govern exposure, and reinvest capital across market cycles.

Rather than relying on unhedged exposure, the platform integrates:

  • Bitcoin and Ethereum as foundational collateral

  • System-level risk intelligence across assets and regimes

  • Governed volatility management designed for institutional-grade resilience

    When Volatility Rises, Structure Matters

If Bitcoin and Ethereum are the ocean,
Gen1 treasuries are buoys.
They rise and fall with the waves.

EMJX is the ship.
Built with navigation, guardrails, and discipline — designed to move through volatility, not drift with it.

The Shift from Gen1 to Gen2 Digital Asset Treasuries

Every major technology category evolves from exposure-based models to system-driven platforms as complexity, scale, and risk increase. Digital-asset treasuries are now at that same inflection point moving from passive accumulation toward active, governed treasury management designed to operate across full market cycles. EMJX is architected for this transition, with a Treasury Operating System built to manage volatility, capital allocation, and reinvestment as the category matures.

Product

Search Engine

2000s

Social Media

2000s

ICOs

2017

DATs 2020 – Treasury OS Today

Main Problem

Fragmented

Limited

Hype-Driven

Single-Asset | No Hedging

Example

Lycos, Excite

Myspace, Friendster

Early ICOs

MSTR, BMNR

Outcome

Replaced by Google

Replaced by X, Instagram and TikTok

Replaced by Gen2 tokens

Replaced by

The EMJX Risk Intelligence Stack

EventHorizon IQ

A public, read-only research platform that visualizes belief dynamics, uncertainty, and regime risk across macro, regulatory, and digital-asset events.

Wallet IQ

Behavioral intelligence that observes long-term holder behavior, distribution patterns, and conviction shifts under stress.

Stablecoin IQ

Liquidity and settlement intelligence focused on issuance, redemption, and flow dynamics across stablecoin rails.

Tonality IQ

Behavioral intelligence that observes long-term holder behavior, distribution patterns, and conviction shifts under stress.

Each layer feeds the Treasury OS as context, not commands.

Each layer feeds the Treasury OS as context, not commands.

Each layer feeds the Treasury OS as context, not commands.

EMJX Treasury Operating System

How Risk Intelligence Flows Into Governed Decisions

EMJX operates through a layered Treasury Operating System designed to separate risk sensing, judgment, and execution.

EventHorizon IQ functions as the exogenous, read-only gate that identifies potential regime instability. Only when instability is detected does the system conditionally query behavioral, liquidity, and human-risk intelligence layers. These inputs are synthesized into an explicit regime declaration, which is then governed by a rules-based constitution that strictly limits what actions are permitted.

Execution engines operate only within approved constraints, ensuring discipline, auditability, and long-duration survivability across market cycles.

Event Horizon IQ

  • Policy / regulatory surprise             

  • Expectation & narrative shifts            

  • Belief velocity & instability   

Output: Regime Risk Context  

Conditional context
Confirmation / Contradiction Layer

(Queried only when EventHorizon flags risk) 

Wallet-IQ 

Behavioral divergence confirmation 

Tonality-IQ

Human stress confirmation

Stablecoin-IQ 

Liquidity regime confirmation  

  • Divergence facts                

  • Liquidity regime context  shifts            

  • Human / execution risk context

Synthesis
Ontology / Regime Declaration

Combines inputs into an explicit state:

  • Regime classification 

  • Confidence level           

  • Human-readable rationale   

Output: Regime, Confidence, Rationale

Hard permissioning
Governance Constitution

Rule-based allow / forbid gates based on regime & tail-risk constraints

Output: Allowed Actions Set                

Execution only within limits
Execution Engines

  • Volatility overlays (within constraints)

  • Rebalancing & pacing

  • Do-nothing states when required

  • Full logging & audit trail

EMJX Treasury Operating System

How Risk Intelligence Flows Into Governed Decisions

EMJX operates through a layered Treasury Operating System designed to separate risk sensing, judgment, and execution.

EventHorizon IQ functions as the exogenous, read-only gate that identifies potential regime instability. Only when instability is detected does the system conditionally query behavioral, liquidity, and human-risk intelligence layers. These inputs are synthesized into an explicit regime declaration, which is then governed by a rules-based constitution that strictly limits what actions are permitted.

Execution engines operate only within approved constraints, ensuring discipline, auditability, and long-duration survivability across market cycles.

Event Horizon IQ

  • Policy / regulatory surprise             

  • Expectation & narrative shifts            

  • Belief velocity & instability   

Output: Regime Risk Context  

Conditional context
Confirmation / Contradiction Layer

(Queried only when EventHorizon flags risk) 

Tonality-IQ

Human stress confirmation

Wallet-IQ 

Behavioral divergence confirmation 

Stablecoin-IQ 

Liquidity regime confirmation  

  • Divergence facts                

  • Liquidity regime context  shifts            

  • Human / execution risk context

Synthesis
Ontology / Regime Declaration

Combines inputs into an explicit state:

  • Regime classification 

  • Confidence level           

  • Human-readable rationale   

Output: Regime, Confidence, Rationale

Hard permissioning
Governance Constitution

Rule-based allow / forbid gates based on regime & tail-risk constraints

Output: Allowed Actions Set                

Execution only within limits
Execution Engines

  • Volatility overlays (within constraints)

  • Rebalancing & pacing

  • Do-nothing states when required

  • Full logging & audit trail

EMJX Treasury Operating System

How Risk Intelligence Flows Into Governed Decisions

EMJX operates through a layered Treasury Operating System designed to separate risk sensing, judgment, and execution.

EventHorizon IQ functions as the exogenous, read-only gate that identifies potential regime instability. Only when instability is detected does the system conditionally query behavioral, liquidity, and human-risk intelligence layers. These inputs are synthesized into an explicit regime declaration, which is then governed by a rules-based constitution that strictly limits what actions are permitted.

Execution engines operate only within approved constraints, ensuring discipline, auditability, and long-duration survivability across market cycles.

Event Horizon IQ

  • Policy / regulatory surprise             

  • Expectation & narrative shifts            

  • Belief velocity & instability   

Output: Regime Risk Context  

Conditional context
Confirmation / Contradiction Layer

(Queried only when EventHorizon flags risk) 

Wallet-IQ 

Behavioral divergence confirmation 

Tonality-IQ

Human stress confirmation

Stablecoin-IQ 

Liquidity regime confirmation  

  • Divergence facts                

  • Liquidity regime context  shifts            

  • Human / execution risk context

Synthesis
Ontology / Regime Declaration

Combines inputs into an explicit state:

  • Regime classification 

  • Confidence level           

  • Human-readable rationale   

Output: Regime, Confidence, Rationale

Hard permissioning
Governance Constitution

Rule-based allow / forbid gates based on regime & tail-risk constraints

Output: Allowed Actions Set                

Execution only within limits
Execution Engines

  • Volatility overlays (within constraints)

  • Rebalancing & pacing

  • Do-nothing states when required

  • Full logging & audit trail

Early digital-asset treasuries were designed to hold assets and absorb volatility. Outcomes were driven almost entirely by market direction, with limited ability to manage drawdowns, liquidity stress, or capital allocation across regimes.

Gen1

Passive Accumulation

Gen2

Intelligent Management

EMJX represents the next evolution: a multi-asset Treasury Operating System designed to observe risk, govern exposure, and reinvest capital across market cycles.

Rather than relying on unhedged exposure, the platform integrates:

  • Bitcoin and Ethereum as foundational collateral

  • System-level risk intelligence across assets and regimes

  • Governed volatility management designed for institutional-grade resilience

    When Volatility Rises, Structure Matters

If Bitcoin and Ethereum are the ocean,
Gen1 treasuries are buoys.
They rise and fall with the waves.

EMJX is the ship.
Built with navigation, guardrails, and discipline — designed to move through volatility, not drift with it.

How the Treasury Operating System Makes Decisions

Quantitative Risk Intelligence Engine

EMJX’s Treasury Operating System is powered by a quantitative risk-intelligence engine designed to classify market regimes, govern capital allocation, and manage volatility across cycles — under predefined rules and oversight. The objective is not short-term optimization, but repeatable, disciplined decision-making that preserves capital and enables long-term compounding.

Inputs
Inputs

(What the system observes)

Macro and liquidity indicators

  • Volatility regimes and correlation shifts

  • Market structure and positioning signals

  • Cross-asset momentum and dispersion patterns

Macro and liquidity indicators

  • Volatility regimes and correlation shifts

  • Market structure and positioning signals

  • Cross-asset momentum and dispersion patterns

Model Logic
Model Logic

(What the system observes)

Regime classification across market states

  • Cross-cycle pattern recognition

  • Probabilistic state transitions and risk scoring

  • Constraint-based decision frameworks

System Outputs
System Outputs

(What the OS governs)

Capital allocation ranges

  • Hedge intensity and pacing

  • Volatility management thresholds

  • Optionality exposure criteria


Capital allocation ranges

  • Hedge intensity and pacing

  • Volatility management thresholds

  • Optionality exposure criteria


Execution & Guardrails
Execution & Guardrails

(How discipline is enforced)

Rebalancing cadence and limits

  • Position sizing constraints

  • Circuit breakers and override rules

  • Governance and review protocols

Institutional-Grade Engineering & Risk Intelligence

System-First Engineering Team

EMJX is built by a systems-first engineering and quantitative research team focused on governed decision frameworks rather than discretionary trading systems. The architecture prioritizes durability, auditability, and multi-cycle survivability.

Institutional-grade development standards with robust execution infrastructure

Infrastructure Built for Durability

The Treasury Operating System is developed using institutional-grade standards, with emphasis on reliability, auditability, and controlled execution across market regimes. The architecture is designed to support long-duration operation and scalability, rather than short-term optimization.

Scalable architecture supports multi-billion-dollar treasury operations

Multi-Cycle Learning & Validation

The system has been trained and evaluated across complete market cycles since 2021, including periods of extreme stress and rapid recovery. This multi-cycle exposure informs regime classification, risk constraints, and guardrail design, rather than point-in-time forecasting

Stress-Tested Through Real Market Events
The Treasury OS has been observed and refined through major dislocations, including:

  • The 2022 crypto market contraction

  • Subsequent recovery and renewed liquidity phases

  • Periods of forced deleveraging and volatility spikes

Intelligence, Diversification, and Trust

How the Treasury Operating System Creates Long-Term Value

From Passive Exposure

Systemic Risk Governance

Traditional digital-asset treasuries are built to hold assets and absorb volatility. EMJX creates value by introducing a Treasury Operating System that governs how risk is taken, reduced, and reinvested across market cycles. Rather than optimizing for short-term outcomes, the platform is designed to preserve capital, manage volatility, and compound decision quality over time.

From Passive Exposure

Systemic Risk Governance

Traditional digital-asset treasuries are built to hold assets and absorb volatility. EMJX creates value by introducing a Treasury Operating System that governs how risk is taken, reduced, and reinvested across market cycles. Rather than optimizing for short-term outcomes, the platform is designed to preserve capital, manage volatility, and compound decision quality over time.

From Passive Exposure

Systemic Risk Governance

Traditional digital-asset treasuries are built to hold assets and absorb volatility. EMJX creates value by introducing a Treasury Operating System that governs how risk is taken, reduced, and reinvested across market cycles. Rather than optimizing for short-term outcomes, the platform is designed to preserve capital, manage volatility, and compound decision quality over time.

Volatility Risk

Volatility Risk

Volatility Risk

Structural Resilience

The Treasury OS is anchored by Bitcoin and Ethereum as long-duration collateral layers, complemented by system-level volatility management and a capped Convexity Sleeve spanning crypto networks and select public equities. Each layer is governed under shared risk intelligence and guardrails, ensuring diversification across risk types, not just assets.By treating volatility as an input to be managed — rather than a force to be endured — EMJX builds trust, durability, and compounding capacity through full market cycles.

The Treasury OS is anchored by Bitcoin and Ethereum as long-duration collateral layers, complemented by system-level volatility management and a capped Convexity Sleeve spanning crypto networks and select public equities. Each layer is governed under shared risk intelligence and guardrails, ensuring diversification across risk types, not just assets.By treating volatility as an input to be managed — rather than a force to be endured — EMJX builds trust, durability, and compounding capacity through full market cycles.

The Treasury OS is anchored by Bitcoin and Ethereum as long-duration collateral layers, complemented by system-level volatility management and a capped Convexity Sleeve spanning crypto networks and select public equities. Each layer is governed under shared risk intelligence and guardrails, ensuring diversification across risk types, not just assets.By treating volatility as an input to be managed — rather than a force to be endured — EMJX builds trust, durability, and compounding capacity through full market cycles.

Media Highlights

EMJX in the Media

January 7, 2025

CNBC

EMJ Capital’s Eric Jackson says he is ‘most excited about’ quantum computing stocks in 2025

Eric Jackson, EMJ Capital’s founder, president and portfolio manager, explains why he is optimistic on quantum computing stocks.

September 9, 2025

Fox Business

This is why support is growing among Open Stock

EMJ Capital founder and president Eric Jackson discusses AI data infrastructure and investing on 'Making Money.

November 10, 2025

The Compound

Eric Jackson and the Search for the Next 100 Bagger

Searching for 100 baggers, the case for Opendoor, Eric's legendary Carvana call, OpenAI's wild week, and much more!

November 25, 2025

Coin Stories with Natalie Brunell

Coin Stories

Finding the Next 100x Investment with Eric Jackson

EMJ Capital founder Eric Jackson joins Natalie Brunell to discuss "100-bagger" investing (finding companies that can 100x).

November 25, 2025

Coin Stories

Finding the Next 100x Investment with Eric Jackson

EMJ Capital founder Eric Jackson joins Natalie Brunell to discuss "100-bagger" investing (finding companies that can 100x).

November 27, 2025

BNN Bloomberg

'Tech isn't overvalued, it's just misunderstood': Jackson

Eric Jackson, founder and president of EMJ Capital, joins BNN Bloomberg to discuss and assess the tech sector.

December 3, 2025

Business Insider

Eric Jackson says the crypto bear market is a 'moment of maximum opportunity'

Eric Jackson, founder and president of EMJ Capital, joins BNN Bloomberg to discuss and assess the tech sector.

December 16, 2025

Globe Newswire

SRx Health Enters into Definitive Agreement to Acquire EMJX to Establish Next-Generation Digital Asset Treasury Operating System and Platform

Upon closing, Eric M. Jackson to Lead Combined Company as Chief Executive Officer and Chairman

December 16, 2025

Globe Newswire

SRx Health Enters into Definitive Agreement to Acquire EMJX to Establish Next-Generation Digital Asset Treasury Operating System and Platform

Upon closing, Eric M. Jackson to Lead Combined Company as Chief Executive Officer and Chairman

Building the Treasury Operating System for the Digital Asset Era

EMJX is designed to support the transition from passive digital-asset exposure to system-driven treasury management — with an emphasis on risk intelligence, capital discipline, and long-duration resilience. As digital-asset treasuries evolve, EMJX is being built to serve as infrastructure — not a trade, not a fund, and not a moment in time.

EMJX is designed to support the transition from passive digital-asset exposure to system-driven treasury management — with an emphasis on risk intelligence, capital discipline, and long-duration resilience. As digital-asset treasuries evolve, EMJX is being built to serve as infrastructure — not a trade, not a fund, and not a moment in time.

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© 2026, EMJX. All rights reserved.

Privacy Policy

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© 2026, EMJX. All rights reserved.

Privacy Policy

Terms & Conditions

© 2026, EMJX. All rights reserved.