Three Form D Amendments Lead Weekly Alt-Market Tape as Stablecoin Yield Median Rises to 4.08%

The week ending July 24, 2026 produced three Form D/A filings with material field changes inside AltStreet's tracked EDGAR universe, led by Sycamore Tree High Grade CLO Debt Fund, WGV Real Estate Fund I and Harvest Invest 093, a Harvest Returns vehicle.

The three amendments generated six field-level AltStreet alerts because both cumulative amount sold and investor count changed in each filing. They should not be interpreted as six separate filings or as evidence of a market-wide acceleration in Regulation D fundraising.

Outside EDGAR, the AltStreet Large-Pool Stablecoin Yield Median rose to 4.08% from 3.75% at the prior print, WTI Cushing spot reached $84.38 per barrel, tracked on-chain RWA and private-credit TVL edged lower, and GPU rental pricing was mostly stable.

Three things that mattered

1. Three Form D amendments produced meaningful cumulative-sale changes. Sycamore Tree High Grade CLO Debt Fund reported $131.5 million sold, up $10 million from its prior filing, while investor count increased from 2 to 6. WGV Real Estate Fund I reported $9,185,699 sold, up $4.6 million from May, while investor count increased from 28 to 62. Harvest Invest 093 reported $1.2 million sold, up from $360,000, while investor count increased from 13 to 14.

2. Large-pool stablecoin yields moved higher. The AltStreet Large-Pool Stablecoin Yield Median reached 4.08% across 101 pools carrying at least $50 million in TVL, compared with 3.75% at the prior July 16 print. The reading is a cross-sectional median of qualifying pools, not a promised or forward yield.

3. WTI rose while natural gas remained comparatively stable. EIA reported a July 20 WTI Cushing spot price of $84.38 per barrel versus AltStreet's prior July 13 print of $79.20. Henry Hub spot was $2.80 per MMBtu on July 20 compared with $2.83 on July 13.

EDGAR: three amendments, six field-level signals

AltStreet's EDGAR Filings Flow module produced six amount-sold and investor-count alerts from three actual Form D/A filings during the week's highlighted amendment cluster. The distinction matters: AltStreet creates separate analytical signals when multiple filing fields change, but those signals can originate from a single SEC submission.

Sycamore Tree High Grade CLO Debt Fund, L.P. filed its amendment on July 23 under accession 0001935156-26-000001. The tracked comparison shows cumulative amount sold increasing from $121.5 million to $131.5 million, a $10 million increase, while reported investor count increased from 2 to 6. The offering relies on Rule 506(b), and the filing reports an indefinite total offering amount.

WGV Real Estate Fund I, LLC filed on July 22 under accession 0002128461-26-000007. The amendment reports $9,185,699 sold against a $100 million offering and 62 investors. Its May 19 amendment reported $4,585,699 sold and 28 investors, making the inter-filing increase $4.6 million while reported investor count more than doubled. WGV relies on Rule 506(c).

Harvest Invest 093 LLC, a Series of Harvest Invest LLC, filed on July 22 under accession 0002138856-26-000002. The amendment reports $1.2 million sold against a $10 million offering and 14 investors, compared with AltStreet's prior filing snapshot of $360,000 and 13 investors. The current filing relies on Rule 506(b), reports a $20,000 minimum investment and states that two of the 14 investors are non-accredited.

These are issuer-reported cumulative Form D figures. An increase between amendments is consistent with additional subscriptions but Form D does not provide a subscription ledger, cash-receipt dates or enough information to assign the change to a particular close.

The broader filing-flow read remains a coverage metric, not a market census

Across AltStreet's broader trailing-seven-day monitoring window, the system recorded 22 amendment-spike signals, 35 EDGAR entity-growth signals, eight offering-circular supplements, 35 new Form 1-U current reports and one newly available Form 1-SA.

Those figures describe disclosure activity inside AltStreet's tracked-entity universe. They are not counts of all Regulation D or Regulation A activity filed with the SEC and should not be interpreted as evidence that private-market capital formation as a whole accelerated during the week.

Form D is a notice filing for an exempt securities offering, not a registered offering or an audited capital statement. AltStreet uses changes in issuer-reported amount sold and investor count as monitoring signals and then preserves the underlying accession for verification.

Stablecoin yield rises while tracked on-chain TVL edges lower

The AltStreet Large-Pool Stablecoin Yield Median stood at 4.08% on July 24 across 101 qualifying pools with at least $50 million in TVL, up from 3.75% at the July 16 print.

Within the ten largest qualifying pools by TVL, observed APYs ranged from 2.80% for a USDS pool associated with Centrifuge to 4.82% for USDC through Maple. BlackRock BUIDL was represented on both Ethereum and Aptos in the sampled top tier. The dispersion reinforces why a single headline APY is a weak proxy for the stablecoin-yield opportunity set: protocol design, collateral, network and liquidity differ materially across pools.

AltStreet Tracked RWA TVL stood at approximately $5.14 billion, comprising $3.51 billion attributed to Ondo Finance and $1.63 billion to Centrifuge in the current two-protocol tracked set, compared with approximately $5.19 billion at the July 16 print.

AltStreet Tracked On-Chain Private Credit TVL stood at approximately $2.38 billion, compared with $2.42 billion at the prior print. Maple Finance represented approximately $2.38 billion of the tracked total and Goldfinch approximately $2.05 million.

Both TVL measures are stock metrics based on capital reported as locked at a point in time. A weekly decline does not by itself identify investor redemptions, loan repayments, asset-price effects or protocol-specific accounting changes.

Oil moved higher; GPU rental pricing was mostly stable

U.S. Energy Information Administration data put WTI Cushing spot at $84.38 per barrel on July 20, compared with AltStreet's July 13 reference print of $79.20. Henry Hub natural gas spot was $2.80 per MMBtu on July 20, versus $2.83 on July 13.

Lower-48 working natural gas in storage stood at 3,056 Bcf for the week ending July 17, compared with 3,024 Bcf in the prior weekly print. These commodity series are included because oil and gas pricing and inventory conditions feed into the economics of royalty and energy assets covered elsewhere by AltStreet.

The AltStreet GPU Rental Index H100 on-demand median remained $4.19 per GPU-hour across nine offers from Azure, CoreWeave, Lambda Labs and RunPod, unchanged from the July 16 print. The observed offer range remained $2.89 to $12.29.

The A100 80GB on-demand median was also essentially unchanged at $3.2315 per GPU-hour across four offers. RTX 4090 spot pricing moved lower to a $0.23645 median across six offers from RunPod, SaladCloud and Vast.ai, compared with $0.2689 at the prior print.

GPU figures are medians of AltStreet's tracked offer set rather than estimates of every available cloud or marketplace quote. Differences in commitment term, region, networking, storage and instance configuration can make nominal hourly prices non-comparable.

Private-market and royalty indicators

AltStreet's July 24 capture of the Hiive50 Index was 163.74, compared with 161.54 at the prior July 16 capture. The index remained close to its published one-year high. Hiive updates its index during the trading day, so values visible on Hiive later in the same day may differ from AltStreet's point-in-time capture.

The royalty-yield module did not produce a fresh weekly median because only one qualifying closing was captured, below AltStreet's three-closing minimum. The trailing 28-day median entry yield remained 24.82% across 10 qualifying deals using Royalty Exchange public past-deal data.

Suppressing a weekly royalty print when the sample falls below the minimum is intentional. A one-deal observation would create false precision and would not be representative of the recent closing distribution.

Other tracked markets

Decentralized compute tokens were softer in AltStreet's July 24 snapshot: Bittensor (TAO) was $190.52 versus $193.92 at the prior print, Akash (AKT) was $0.5057 versus $0.5601, and Render (RNDR) was $1.47 versus $1.49. Token prices are sourced from CoinGecko and can change continuously after the snapshot.

In the carbon module, Nature Carbon Tonne (NCT) was $0.2256 versus $0.2239 at the prior print. Klima Protocol K2 was $0.01576 versus $0.02045, while kVCM was $0.02420 versus $0.03013.

AltStreet continues to treat kVCM as a weak market signal because reported daily trading volume is approximately $1,000 across a small number of decentralized-exchange pairs. The series is retained for coverage but should not be interpreted as an institutional carbon benchmark.

Frequently asked

What does the AltStreet EDGAR Filings Flow measure? It monitors filings from entities in AltStreet's defined coverage universe and creates signals when fields such as total amount sold or investor count change. Multiple signals can originate from one SEC filing, so signal count is not the same as filing count.

Did six Form D amendments occur in this week's highlighted cluster? No. Three Form D/A filings generated six highlighted field-level signals because amount sold and investor count both changed for each issuer.

What does the 4.08% stablecoin-yield figure represent? It is the median APY across 101 DefiLlama stablecoin pools that met AltStreet's $50 million minimum-TVL threshold at the July 24 snapshot. It is not a forward rate, expected return or guaranteed yield.

How large is AltStreet's tracked tokenized-RWA universe this week? The current tracked aggregate is approximately $5.14 billion across Ondo Finance and Centrifuge. It is a defined AltStreet coverage set rather than the total global tokenized-RWA market.

Why is there no weekly royalty-yield print? Only one qualifying closing was captured during the week. AltStreet requires at least three before calculating a weekly median, so the weekly figure was suppressed and the 28-day median is reported instead.

Disclosures

AltStreet Weekly Markets is a descriptive data publication covering filing changes and point-in-time market observations within defined AltStreet coverage scopes. It is not investment advice and nothing in this article constitutes a recommendation to buy, sell or hold any security or asset.

Form D is a notice of an exempt offering. Amount sold and investor counts are issuer-reported cumulative figures; the SEC does not necessarily review them for accuracy or completeness. A change between filings does not establish when cash was received or when an investment legally closed.

EIA energy data is U.S. government data. DefiLlama data underlies AltStreet's tracked on-chain TVL and stablecoin-pool calculations. CoinGecko provides token-price inputs. Hiive50 figures are attributed to Hiive; AltStreet records point-in-time headline index observations and does not reproduce constituent-level transaction data.

Royalty Exchange public past-deal information underlies the AltStreet Royalty Yield Print. GPU Rental Index figures are AltStreet calculations based on a defined set of publicly observed offers. All figures are snapshots and may subsequently change or be revised by their original data providers.