Quietly outperforming
the S&P 500.
For two
decades.
2004
2010
2016
2022
2026
S&P 500
$10,163
CL50
$23,632
One card is
a collectible. Fifty make an index.
Each tash index holds a diversified portfolio of cards inside a registered investment vehicle.
$100,000,000,000
Own a share
of every card.
12%
Ownership
7%
Ownership
2.3%
Ownership
8.9%
Ownership
11%
Ownership
8.9%
Ownership
12%
Ownership
12%
Ownership
6%
6%
Ownership
Ownership
6%
6%
Ownership
Ownership
8.9%
8.9%
Ownership
Ownership
6%
6%
Ownership
Ownership
12%
12%
Ownership
Ownership
27%
27%
Ownership
Ownership
8.9%
8.9%
Ownership
Ownership
6%
6%
Ownership
Ownership
8.9%
8.9%
Ownership
Ownership
8.9%
Ownership
6.2%
Ownership
11%
Ownership
12%
Ownership
6%
Ownership
7%
Ownership
8.9%
Ownership
8.9%
Ownership
Buy and sell shares on tash. No cards to ship.
The investment
platform for trading cards.
Backed by
Combinator
Professionally selected indexes of the world’s most iconic trading cards.
Graded. Tracked.
Investable.
Backed by
Combinator
The investment platform for trading cards.
Professionally managed indexes of the world’s most iconic trading cards.
Graded.
Tracked.
Investable.
S&P 500
$10,163
CL50
$23,632
For two decades.
Quietly outperforming the S&P 500.
One card is a collectible. Fifty make an index.
Each tash Index holds a professionally selected portfolio of cards inside a registered investment vehicle.
8.9%
Ownership
6%
Ownership
27%
Ownership
12%
Ownership
8.9%
Ownership
6%
Ownership
12%
Ownership
12%
Ownership
7%
Ownership
2.3%
Ownership
8.9%
Ownership
11%
Ownership
8.9%
Ownership
7%
Ownership
Monthly Trading Card Market Volume
The total amount of money spent on cards and sealed wax each month. Note: This does NOT include memorabilia, tickets, etc
$700M
$700M
$600M
$500M
$500M
$400M
$300M
$200M
$200M
$100M
$0
$0
2010
2010
2014
2014
2018
2018
2022
2022
2026
2026
The Investment
Case for Trading Cards
The Investment Case for Trading Cards
Growth of $1,000, log scale, mid-2004 through July 2026. CL50 curve anchored to documented values: +160.9% for the five years to July 2024 (Card Ladder), −23% in 2022 and −9% in 2023, spring 2021 peak, and current index level. Intermediate points interpolated; final chart to be generated from the Card Ladder daily series. Past performance does not guarantee future results. S&P 500 shown as total return including reinvested dividends.
Rising liquidity, institutional infrastructure, and global demand are turning trading cards into an investable asset class.
Ownership, not merchandise.
A MARKETPLACE SELLS YOU MERCHANDISE
Cart
Listing
Checkout
Shipping
Seller ratings
A BROKERAGE ISSUES YOU OWNERSHIP
Position
Portfolio
Trade
Vaulted custody
SEC oversight
tash brings the structure of modern investing to trading cards.
Ownership,
not merchandise.
A MARKETPLACE SELLS YOU MERCHANDISE
Cart
Listing
Checkout
Shipping
Seller ratings
Ownership,
not merchandise.
A BROKERAGE ISSUES YOU OWNERSHIP
Position
Portfolio
Trade
Vaulted custody
SEC oversight
tash brings the structure of modern investing to trading cards
Across every
segment, the trend is clear.
The CL50
Low-Pop
Vintage
The S&P 500
Sources: Card Ladder index values as of July 2026; S&P 500 total return via FRED. Index start dates vary by segment. Past performance does not guarantee future results.
$23,632
A broad-market index tracking 50 of the hobby’s most significant cards.
Across every segment, the trend is clear.
$23,632
The CL50
Low-Pop
Vintage
The S&P 500
A broad-market index tracking 50 of the hobby’s most significant cards.
A broad-market index tracking 50 of the hobby's most significant cards.
From card
From card
selection to your portfolio.
STEP 2
Portfolio construction
Selected cards are acquired and placed into a registered investment vehicle with professional custody.
STEP 4
Secondary trading
Shares trade on the tash exchange. Enter and exit positions without ever shipping a card.
STEP 1
Card selection
Cards are screened against objective criteria: liquidity, significance, market depth, and demand.
STEP 3
Share issuance
Shares of the vehicle are issued to investors at launch. One share is one position in the whole index.
STEP 2
Portfolio construction
Selected cards are acquired and placed into a registered investment vehicle with professional custody.
STEP 4
Secondary trading
Shares trade on the tash exchange. Enter and exit positions without ever shipping a card.
STEP 4
Secondary trading
Shares trade on the tash exchange. Enter and exit positions without ever shipping a card.
STEP 1
Card selection
Cards are screened against objective criteria: liquidity, significance, market depth, and demand.
STEP 3
Share issuance
Shares of the vehicle are issued to investors at launch. One share is one position in the whole index.
STEP 3
Share issuance
Shares of the vehicle are issued to investors at launch. One share is one position in the whole index.
From card
selection to your portfolio.
STEP 2
Portfolio construction
Selected cards are acquired and placed into a registered investment vehicle with professional custody.
STEP 4
Secondary trading
Shares trade on the tash exchange. Enter and exit positions without ever shipping a card.
STEP 1
Card selection
Cards are screened against objective criteria: liquidity, significance, market depth, and demand.
STEP 3
Share issuance
Shares of the vehicle are issued to investors at launch. One share is one position in the whole index.
STEP 2
Portfolio construction
Selected cards are acquired and placed into a registered investment vehicle with professional custody.
STEP 4
Secondary trading
Shares trade on the tash exchange. Enter and exit positions without ever shipping a card.
STEP 1
Card selection
Cards are screened against objective criteria: liquidity, significance, market depth, and demand.
STEP 3
Share issuance
Shares of the vehicle are issued to investors at launch. One share is one position in the whole index.