Fenbushi Capital

Fenbushi Capital is a prominent venture capital firm based in Shanghai, China, specializing in investments in blockchain-enabled companies. Established in 2015 by experienced professionals from both blockchain and traditional finance sectors, the firm has supported over 60 innovative projects across four continents. Its investment focus spans various industries, including finance, healthcare, supply chain, and consumer goods, all leveraging blockchain technology to drive transformation. Fenbushi Capital aims to promote healthy and sustainable growth within the global blockchain ecosystem and actively engages with its portfolio companies as a long-term strategic partner.

Kobby Chen

Investor

Rin Huang

Partner

Remington Ong

Partner

Xiao XIAO

General Partner

Jeffery Xu

Investment Manager

Yuki Yuminaga

Investor

Clarence Zhou

Investor

Past deals in ASIC

Merkle Science

Series A in 2022
They are a group of passionate individuals from Paypal, Luno, Bank of America, Instamojo who believe in the promise of decentralized and trustless commerce.

Zecrey

Angel Round in 2022
Developer of the layer 2 cross-chain protocol with privacy features. The company provides cross-chain transactions and asset management service based on Zero-knowledge (zk) Roll-Ups, enabling users to manage, swap and bridge assets across multiple chains with private transactions.

Wyden

Series B in 2022
AlgoTrader AG specializes in developing algorithmic trading software tailored for quantitative hedge funds, enabling the automation of trading strategies across equity, foreign exchange, and derivatives markets. Founded in 2014 and headquartered in Zürich, Switzerland, AlgoTrader offers a comprehensive suite of tools that includes a user interface, reporting capabilities, automated cryptocurrency trading, order management, execution, and strategy development. The platform supports both traditional and crypto finance, allowing firms to conduct quantitative research, develop trading strategies, back-test them, and execute trades automatically. Recognized for being the first advanced software to facilitate automated trading of digital assets, AlgoTrader caters to a global client base from its offices in Zurich, New York, and Singapore.

1inch

Series B in 2021
1inch Limited is a company that specializes in developing decentralized protocols for cryptocurrency trading. Founded in 2019 and based in the United States, 1inch operates the 1inch Network, which includes several key protocols: the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, and the 1inch Limit Order Protocol. These protocols work together to facilitate efficient and secure trading operations in the decentralized finance (DeFi) space, allowing users to execute transactions that are both profitable and fast. Through its innovative technology, 1inch aims to enhance the trading experience for users in the growing cryptocurrency market.

Titan

Funding Round in 2021
Titan is an intelligent mining management software suite, transparent mining pool, and decentralized protocol for global hashpower trading. Built by miners for miners, Titan makes mining easy, profitable, and scalable. Titan was formed and founded within Bloq in 2018, by Ryan Condron, Jeff Garzik and Matthew Roszak. Most mining management software options are either incomplete or difficult to scale. The Titan software makes management and optimization easy for cryptocurrency mines of any size. Titan's Next Generation Mining Pool offers a powerful North American alternative and a way for the continent’s Bitcoin miners to achieve the efficiency and scale enjoyed by miners in other regions. For more information about the Titan Network - please visit titan.io to read our whitepaper.

Arcana Network

Venture Round in 2021
Arcana Network operates as a decentralized storage platform tailored for Ethereum and EVM-compatible chains, focusing on enhancing the security and privacy of user data. Its offerings include a comprehensive Privacy Stack that encompasses key management, authentication, identity and access control, and end-to-end encryption. By integrating these features, Arcana empowers developers to create applications that prioritize data protection and user privacy, allowing for the rapid development of secure applications. This approach simplifies the process for developers, enabling them to build privacy-preserving solutions efficiently and effectively.

Merkle Science

Series A in 2021
They are a group of passionate individuals from Paypal, Luno, Bank of America, Instamojo who believe in the promise of decentralized and trustless commerce.

Thesis

Series A in 2021
Thesis, Inc. is a cryptocurrency venture studio that specializes in developing and funding decentralized products and protocols. Founded in 2014 and based in San Francisco, California, the company aims to bridge the gap between Bitcoin and real-world purchases while facilitating the use of private data on public blockchains. One of its notable developments is the tBTC protocol, which operates on the Keep network. Through its initiatives, Thesis seeks to empower individuals by creating innovative solutions within the cryptocurrency and decentralized technology sectors.

Runtime Verification

Venture Round in 2021
Developer of formal methods and formal verification techniques intended to improve the safety, reliability, and correctness of computing systems for aerospace, automotive, and blockchain industries. The company engages in applies formal methods to enhance computing safety for aerospace, automotive, and blockchain industries, enabling organizations to ensure accessible trustworthy computing.

Balancer Labs

Initial Coin Offering in 2021
Balancer Labs operates an exchange focused on decentralized finance, providing a platform for programmable liquidity. Founded in 2018 and based in the United States, the company facilitates the exchange of tokens without the need for deposits, bids, asks, or order management. As a non-custodial portfolio manager and liquidity provider, Balancer Labs also functions as a price sensor, enabling users to manage their assets efficiently while maintaining control over their funds.

HashMix

Seed Round in 2021
HashMix utilizes multi-signature, smart contract, and cross-chain technology to generate and submit proofs of specific hash power to the blockchain, issues hash power NFT tokens to eliminate the centralized endorsement so that hash power can be circulated freely while the ownership of hash power and yields is ensured

Poolin

Initial Coin Offering in 2021
Multi-Currency Mining Pool. We currently mine: Bitcoin Litecoin Zcash BitcoinCash BitcoinSV Dash Monero Dogecoin Vcash Namecoin

Hex Trust

Series A in 2020
Hex Trust is a licensed and insured digital asset custodian based in Sheung Wan, Hong Kong, with additional offices in Singapore. Founded in 2017, the company offers a proprietary platform called Hex Safe™, which provides bank-grade custody solutions for banks, financial institutions, asset managers, and corporations. Hex Trust facilitates services such as custody, token issuance, and KYC compliance, enabling clients to access liquidity providers, exchanges, and lending and staking platforms while ensuring the security of their assets. The company is registered as a Trust Company under the Hong Kong Trust Ordinance and holds a Trust or Company Service Provider license, demonstrating its commitment to regulatory compliance and secure asset management. Hex Trust is also expanding its operations into the European market.

Titan

Seed Round in 2020
Titan is an intelligent mining management software suite, transparent mining pool, and decentralized protocol for global hashpower trading. Built by miners for miners, Titan makes mining easy, profitable, and scalable. Titan was formed and founded within Bloq in 2018, by Ryan Condron, Jeff Garzik and Matthew Roszak. Most mining management software options are either incomplete or difficult to scale. The Titan software makes management and optimization easy for cryptocurrency mines of any size. Titan's Next Generation Mining Pool offers a powerful North American alternative and a way for the continent’s Bitcoin miners to achieve the efficiency and scale enjoyed by miners in other regions. For more information about the Titan Network - please visit titan.io to read our whitepaper.

o1Labs

Corporate Round in 2020
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

o1Labs

Series A in 2020
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

FalconX

Venture Round in 2020
FalconX, Ltd. is a digital asset trading platform based in San Francisco, California, that specializes in providing trading solutions using data science and blockchain technology. Founded in 2018, the company has rapidly established itself in the market, achieving $7 billion in global trading volume over a recent ten-month period, with a quarterly growth rate exceeding 600%. FalconX caters to a diverse clientele, including over 100 financial institutions such as hedge funds, proprietary trading firms, payment gateways, and cryptocurrency exchanges. The platform is designed to offer reliable execution for mid-to-large size trades, employing machine learning to optimize trade execution by smart routing orders across various liquidity sources. This approach helps clients minimize slippage and eliminate hidden fees, facilitating efficient currency exchange and transfer within the cryptocurrency markets.

ChainSafe

Seed Round in 2020
ChainSafe Systems is a blockchain company based in Toronto that focuses on developing blockchain protocols and infrastructure systems. The company aims to empower developers by providing blockchain-agnostic tools designed for decentralized systems. ChainSafe offers user-centric systems that leverage emerging technologies, including blockchain, smart contracts, and machine learning. This approach enables developers to create versatile toolkits for building applications across various blockchain ecosystems, catering to organizations of all sizes and objectives.

Amber Group

Series A in 2020
Amber Group is a prominent cryptocurrency financial services provider headquartered in Hong Kong, established in 2017 by finance professionals with backgrounds from major institutions. The company facilitates the buying and selling of cryptocurrency products and offers a range of services including yield enhancement, collateralized lending, decentralized finance, execution services, and electronic market making. Operating globally, Amber Group serves over 200 institutional clients, engaging in significant trading activity across numerous electronic exchanges with an average daily trading volume between $100 million and $200 million. The firm is dedicated to optimizing investment flexibility and maximizing returns for its clients by leveraging advanced technology and quantitative research, thereby enhancing the overall crypto finance experience. In 2019, Amber Group secured $28 million in a Series A funding round, attracting investment from notable players in the cryptocurrency sector.

Amberdata

Venture Round in 2019
Amberdata Inc. is a provider of a cloud-based Software as a Service (SaaS) platform designed for monitoring, analyzing, and securing both public and private blockchains. Founded in 2017 and based in West New York, New Jersey, the company offers tools, APIs, and SDKs that cater to traders, investors, developers, and wallet providers. By consolidating validated blockchain and crypto market data from major exchanges into a unified platform, Amberdata enables its clients to build data-driven applications that enhance their competitive edge. The platform supports various functionalities, including research, trading, risk management, and compliance, and allows for the integration of historical data through multiple protocols. This comprehensive approach equips financial institutions with the necessary infrastructure to engage in digital asset markets effectively.

Sibex

Seed Round in 2019
Sibex AG is a software development company based in Zug, Switzerland, that specializes in creating a cryptocurrency trading platform tailored for institutional investors. Founded in 2019, Sibex has developed a peer-to-peer decentralized over-the-counter trading platform that facilitates seamless trading of cryptocurrencies across different blockchains without the need for third-party involvement. The platform offers an institutional-grade dark venue for the procurement and liquidation of digital assets, addressing challenges like front-running and thereby lowering trading costs. This enables traders to engage in secure, private, and straightforward decentralized finance transactions.

BlockApps

Series A in 2019
BlockApps, Inc. is a blockchain technology company that specializes in providing a platform for developing and deploying Ethereum-based applications. Its primary offering, BlockApps STRATO, is an Ethereum-compliant platform designed for the development, deployment, and management of enterprise blockchain applications. Additionally, BlockApps offers a consortium blockchain network that facilitates the creation of hybrid private, consortium, and public blockchains. The company's services cater to a diverse clientele, including software startups, IT firms, industry-owned businesses, and Fortune 500 corporations. Founded in 2015 and headquartered in Brooklyn, New York, BlockApps aims to drive the adoption of blockchain technology by enabling clients to build and manage decentralized applications securely and effectively, while also streamlining processes and enhancing data visibility.

Securitize

Series A in 2019
Securitize, Inc. is a compliance platform that specializes in the issuance and management of digital securities. Founded in 2017 and based in Redwood City, California, the company offers a range of services for issuers, including document handling, investor communications, and accreditation. For investors, Securitize provides tools for wallet management, an investor dashboard, and token distribution. The platform enables eligible investors to own, manage, and trade digital securities in various capital markets, including equity, funds, fixed income, and real estate. Securitize is recognized as a registered transfer agent and is integrated with multiple regulated U.S. marketplaces, allowing it to facilitate compliant digital securities transactions. Additionally, the company offers KYC/AML and capital management services, ensuring a secure environment for both issuers and investors.

AlphaWallet

Seed Round in 2019
AlphaWallet is a developer of a decentralized digital wallet platform that facilitates transactions involving cryptocurrencies. The platform is built on the Ethereum network and supports multiple digital assets, enabling users to send, receive, and store various digital currencies. AlphaWallet aims to connect businesses and consumers with the emerging digital economic infrastructure through tokenization, allowing for the trading of tokenized rights across markets. The company provides TokenScript, an open framework designed to enhance the functionality of tokens, making them "smart" and enabling limitless integration across systems. The AlphaWallet app serves as a gateway for users to access these SmartTokens, drawing a parallel to web browsers in the web 2.0 era. Overall, AlphaWallet envisions a future where technology-driven free markets benefit all participants.

Longhash

Venture Round in 2019
LongHash Ventures is a global blockchain accelerator and venture capital firm founded in 2018 and based in Singapore. The firm focuses on investing in early-stage blockchain startups with the aim of promoting the development of the Web 3.0 economy. LongHash leverages its extensive network across key Asian markets, including Singapore, China, Hong Kong, and Japan, to source promising projects. Beyond providing capital, the firm offers a hands-on venture building platform that assists portfolio companies with strategy formulation and market execution, while also connecting them with a comprehensive network of investors.

TokenInsight

Series A in 2018
TokenInsight is a China-based company that specializes in providing data and rating services for the cryptocurrency market. The firm is committed to enhancing market transparency by offering an extensive database of tokens, sophisticated research algorithms, and a comprehensive rating system. Its mission is to deliver unbiased and accurate information that serves both individual investors and professional businesses. By employing institutional research methods, TokenInsight aims to set a high standard for reporting in the cryptocurrency sector, ensuring that users have access to reliable data and insights.

Atlas Protocol

Seed Round in 2018
Atlas Protocol is a blockchain application layer protocol designed to establish an infrastructure for on-chain interactive advertising and marketing. By connecting advertisers, publishers, and users through a token-based digital marketing system, Atlas Protocol addresses various marketing challenges. The company focuses on creating a blockchain-based interactive advertising infrastructure, which aims to enhance the efficiency and effectiveness of marketing interactions across industries. Through its innovative approach, Atlas Protocol seeks to transform digital marketing by leveraging blockchain technology to facilitate seamless and smart connections among stakeholders.

everiToken

Seed Round in 2018
everiToken provides a token-customized public blockchain to issue various assets ranging from small tickets to large buildings via tokens. The company is based in Shanghai, China.

CoinMex

Angel Round in 2018
CoinMex is a digital asset trading platform based in China that facilitates the exchange of various digital assets. It offers a one-stop solution for users seeking safe, fast, and convenient trading services. The platform is designed to support the implementation of blockchain projects and provides comprehensive services to ensure secure and reliable payment and trading experiences. Through its focus on user-friendly features and robust security measures, CoinMex aims to cater to the growing demand for digital asset exchanges in the technology and finance sectors.

Hashgard

Venture Round in 2018
Hashgard develops blockchain based solution for asset management in digital finance. It owns and operates a smart contract system for asset management, issuance, trusteeship, settlement, audit, process control, and dispute arbitration of decentralized assets. The company caters to asset managers, fund managers, custodians, and third party organizations. The company was founded in 2017 and is based in Shanghai, China.

MakerDAO

Venture Round in 2017
MakerDAO is a decentralized autonomous organization that operates on the Ethereum blockchain, primarily focused on creating a stable cryptocurrency known as Dai. Founded in 2014 and headquartered in Santa Cruz, California, the organization seeks to minimize price volatility by backing Dai with collateralized debt positions and utilizing autonomous feedback mechanisms. This stablecoin system is designed to maintain its value against a basket of international currencies, providing users with a reliable digital currency for various financial services. MakerDAO also offers MKR, a governance token that plays a role in the utility and recapitalization of the Maker system, thereby enabling participants to have a say in its operations and future development.

Digix

Seed Round in 2017
Digix is a smart asset company that uses Blockchain technology to represent physical gold with tokens. Digix aims to build stronghold of real-world assets represented as tokens on Blockchain. It was founded in 2014 and is based in Singapore, Central Region.

TenX

Seed Round in 2017
At TenX we make cryptocurrencies spendable anytime and anywhere.

Ripio

Series A in 2017
Ripio, previously known as Bitpagos, is a financial payments company that provides electronic payment solutions in Latin America, utilizing blockchain technology to enhance accessibility to financial services. The company caters to businesses by enabling them to process international transactions using credit cards and bitcoins at reduced costs. Additionally, Ripio allows consumers to purchase bitcoins instantly with cash. Its online cryptocurrency trading platform facilitates convenient trading in bitcoin through digital wallets, offering merchants the option to receive payments in local currency or bitcoins. The company also provides a credit line feature for financing payments in installments, serving clients across Argentina, Brazil, Chile, and Ecuador.
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