Kenetic Capital

Kenetic is a proprietary trading and venture capital investment firm established in 2016 and based in Hong Kong. The firm specializes in digital assets and companies related to blockchain technology. Kenetic employs advanced technology to support its quantitative trading strategies and offers a range of structured products linked to digital assets for its counterparts. By focusing on the blockchain sector, Kenetic aims to capitalize on the growth and potential of emerging digital technologies.

Sheng Yu Chu

Co-Founder

Jehan Chu

Co-Founder and Managing Partner

John Fiorelli

Regional Partner

Past deals in Bitcoin

CoinMENA

Seed Round in 2021
Operator of a crypto-assets trading platform intended to provide a safe and easy way to buy and sell digital assets. The company's exchange platform offers retail and institutional clients to buy and sell cryptocurrencies and tokens and also offers news and updates on the crypto space, enabling investors to participate in the digital economy in an efficient way.

World

Venture Round in 2021
Worldcoin is a global digital currency initiative aimed at distributing a free share of its currency to every individual on Earth. The platform focuses on enhancing privacy and transparency through a permissionless blockchain. Worldcoin employs an iris-scanning device that creates a unique digital identity known as World ID. This system not only facilitates the issuance of its digital currency but also securely stores biometric information, which helps prevent fraudulent account creation by discouraging spammers from registering multiple times. Through these innovations, Worldcoin seeks to promote equitable access to digital currency while maintaining user privacy.

Blockdaemon

Series B in 2021
Blockdaemon Inc. is a blockchain node management platform that enables businesses, enterprises, and developers to efficiently deploy and manage blockchain applications. The company provides tools for exchanges, custodians, financial institutions, and developers to operate nodes across more than 30 blockchain protocols, including Bitcoin, Ethereum, and Polkadot. Blockdaemon's solution is designed for easy portability, allowing users to switch between networks seamlessly without the need for complex configurations. Founded in 2013 and originally known as Trak Inc., Blockdaemon has its headquarters in Brooklyn, New York, with additional offices in Los Angeles, California, and Ireland. The company supports the blockchain developer ecosystem by offering expert advice in development operations.

Abra

Series C in 2021
Abra is a digital cash, peer-to-peer money transfer network that enables users to buy, sell, and hold bitcoin, as well as send both bitcoin and fiat currencies to any bitcoin wallet or other Abra users. Founded in 2014 by Bill Barhydt, the company leverages bitcoin and blockchain technology to facilitate transactions in over 50 currencies. Abra aims to provide a secure and instant method for transferring money, allowing users to do so without incurring fees through its mobile platform. Based in Silicon Valley, Abra is focused on transforming the way money moves globally.

Blockdaemon

Series A in 2021
Blockdaemon Inc. is a blockchain node management platform that enables businesses, enterprises, and developers to efficiently deploy and manage blockchain applications. The company provides tools for exchanges, custodians, financial institutions, and developers to operate nodes across more than 30 blockchain protocols, including Bitcoin, Ethereum, and Polkadot. Blockdaemon's solution is designed for easy portability, allowing users to switch between networks seamlessly without the need for complex configurations. Founded in 2013 and originally known as Trak Inc., Blockdaemon has its headquarters in Brooklyn, New York, with additional offices in Los Angeles, California, and Ireland. The company supports the blockchain developer ecosystem by offering expert advice in development operations.

BlockFi

Series C in 2020
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Serum

Seed Round in 2020
Serum is the world's first completely on-chain cryptocurrency ecosystem with trustless trading brought to you by Project Serum, in collaboration with a consortium of crypto trading and DeFi experts. Built on Solana, Serum is fast and efficient. While we built the Serum protocol, it is permissionless – we do not hold special power anymore. It is up to you, the crypto community, to use it as you will.

Blockdaemon

Venture Round in 2020
Blockdaemon Inc. is a blockchain node management platform that enables businesses, enterprises, and developers to efficiently deploy and manage blockchain applications. The company provides tools for exchanges, custodians, financial institutions, and developers to operate nodes across more than 30 blockchain protocols, including Bitcoin, Ethereum, and Polkadot. Blockdaemon's solution is designed for easy portability, allowing users to switch between networks seamlessly without the need for complex configurations. Founded in 2013 and originally known as Trak Inc., Blockdaemon has its headquarters in Brooklyn, New York, with additional offices in Los Angeles, California, and Ireland. The company supports the blockchain developer ecosystem by offering expert advice in development operations.

BlockFi

Series B in 2020
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

FTX

Seed Round in 2019
FTX Trading LTD is a cryptocurrency derivatives exchange founded in 2017 and based in San Francisco, California. The platform caters to both professional traders and novices, offering features such as futures trading, leveraged tokens, and an over-the-counter portal. It supports a variety of financial products, including quarterly and perpetual futures for major cryptocurrencies like bitcoin, ether, and binance coin, as well as various altcoin and midcap indices. FTX was co-founded by Sam Bankman-Fried and Gary Wang, with initial backing from Alameda Research, which provided significant liquidity from the outset. The exchange aims to enhance the cryptocurrency trading experience and facilitate institutional adoption within the sector.

Abra

Series C in 2019
Abra is a digital cash, peer-to-peer money transfer network that enables users to buy, sell, and hold bitcoin, as well as send both bitcoin and fiat currencies to any bitcoin wallet or other Abra users. Founded in 2014 by Bill Barhydt, the company leverages bitcoin and blockchain technology to facilitate transactions in over 50 currencies. Abra aims to provide a secure and instant method for transferring money, allowing users to do so without incurring fees through its mobile platform. Based in Silicon Valley, Abra is focused on transforming the way money moves globally.

Abra

Series B in 2019
Abra is a digital cash, peer-to-peer money transfer network that enables users to buy, sell, and hold bitcoin, as well as send both bitcoin and fiat currencies to any bitcoin wallet or other Abra users. Founded in 2014 by Bill Barhydt, the company leverages bitcoin and blockchain technology to facilitate transactions in over 50 currencies. Abra aims to provide a secure and instant method for transferring money, allowing users to do so without incurring fees through its mobile platform. Based in Silicon Valley, Abra is focused on transforming the way money moves globally.

Terra

Seed Round in 2018
Terra is a price-stable cryptocurrency designed for mass adoption. It builds financial infrastructure for the next generation of decentralized applications. Terra is backed by Luna, a decentralized asset that derives its value from transaction fees collected on the Terra network. Much like the moon stabilizes the earth’s rotation, Luna is Terra's eternal guardian of stability.

Terra

Initial Coin Offering in 2018
Terra is a price-stable cryptocurrency designed for mass adoption. It builds financial infrastructure for the next generation of decentralized applications. Terra is backed by Luna, a decentralized asset that derives its value from transaction fees collected on the Terra network. Much like the moon stabilizes the earth’s rotation, Luna is Terra's eternal guardian of stability.

BlockFi

Seed Round in 2018
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

CASPIAN

Seed Round in 2017
CASPIAN, Limited offers a comprehensive real-time cryptocurrency trading platform tailored for professional traders and investors. Founded in 2018 and based in Sydney, Australia, the company provides a complete asset management solution that encompasses the entire trade lifecycle. Its services include portfolio management, compliance, risk management, reporting, and order execution management. CASPIAN features a single interface for accessing major cryptocurrency exchanges, along with a suite of advanced trading algorithms. It also offers tools for real-time and historical profit and loss tracking, as well as exposure monitoring, supported by professional customer service.

Zilliqa

Seed Round in 2017
Zilliqa Research Pte. Ltd. operates a high-throughput blockchain platform designed to facilitate thousands of transactions per second. Founded in 2017 and based in Singapore, with an additional office in London, Zilliqa enables developers to create decentralized applications, peer-to-peer trading platforms, and marketplaces. The platform utilizes a novel sharding protocol to enhance transaction rates as the network grows, making it suitable for data-driven applications, particularly in machine learning and finance. Zilliqa’s functional programming language, Scilla, allows for static checks and formal verifications, ensuring security and reliability. Additionally, the company employs Proof of Work for miner verification to guard against Sybil attacks and implements Practical Byzantine Fault Tolerance to achieve consensus within the network.

Zilliqa

Seed Round in 2017
Zilliqa Research Pte. Ltd. operates a high-throughput blockchain platform designed to facilitate thousands of transactions per second. Founded in 2017 and based in Singapore, with an additional office in London, Zilliqa enables developers to create decentralized applications, peer-to-peer trading platforms, and marketplaces. The platform utilizes a novel sharding protocol to enhance transaction rates as the network grows, making it suitable for data-driven applications, particularly in machine learning and finance. Zilliqa’s functional programming language, Scilla, allows for static checks and formal verifications, ensuring security and reliability. Additionally, the company employs Proof of Work for miner verification to guard against Sybil attacks and implements Practical Byzantine Fault Tolerance to achieve consensus within the network.

Polkadot

Seed Round in 2017
Polkadot is a protocol that allows independent blockchains to exchange information. Polkadot is an inter-chain blockchain protocol which unlike internet messaging protocols (e.g. TCP/IP) also enforces the order and the validitiy of the messages between the chains. This interoperability also allows the additional benefit of scalability by creating a general environment for multiple state machines.

ICON

Seed Round in 2017
ICON is a decentralized blockchain network based in Zug, Switzerland, that facilitates transactions between independent blockchains with varying governance structures. The company offers a range of services, including ICONex, a cryptocurrency wallet; ICONick, a wallet ID for the ICON network; and BIA, which connects different blockchain networks. Additionally, ICON provides ICONSENSUS, a suite of tools for conducting elections within its ecosystem. The network supports decentralized applications (DAPPs) such as Blockchain ID and Payment & Exchange, which enable various communities—such as banks, hospitals, and universities—to utilize shared services and streamline transactions. By allowing disparate blockchains to exchange value and data without intermediaries, ICON enhances transaction speed, payment security, and liquidity across multiple cryptocurrencies.

OST

Funding Round in 2017
Ost powers the Ethereum Application Layer. Ost technology features the industry’s first seamlessly embeddable Ethereum smart contract wallet — developers don’t need to learn blockchain, users don’t even need to know it’s crypto. -Turn any user action into a token transfer — e.g. any upvote, like, comment, review, message, consumption, engagement, wager -Micro-transactions made possible — process tx at fraction of a cent vs. $0.30 + 2.8% Stripe fees -Enabling the future promises of Libra, already today — simple, easy, peer-to-peer payments, way out ahead of the market -Regulatory compliant, FinCEN compliant, Apple app-store compliant -Pepo by Ost is the first crypto-powered app approved by Apple, with in-app purchase and cash-out options -Numerous 3rd party use cases
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