Permian Labs
Permian Labs is a fintech company founded in 2021 that specializes in blockchain-based financial infrastructure. The company connects decentralized capital with real-world AI hardware, providing financing specifically for GPU and compute assets. Led by CEO David Choi and co-founders Conor Moore and Ivan Sergeev, Permian Labs aims to democratize access to high-performance computing and AI infrastructure. The company develops on-chain credit and structured finance protocols, including the USD.AI stablecoin, which is backed by GPU assets. Other offerings include Tactical Compute, which manages a global hardware infrastructure, and Metastreet, an on-chain structured credit market. Permian Labs has facilitated $358 million in loan volume and arranged a significant $500 million blockchain-backed credit facility for QumulusAI. The company serves AI infrastructure operators and GPU owners, as well as DeFi liquidity providers, focusing on creating legally enforceable credit infrastructure for AI.