Fenbushi Capital

Fenbushi Capital is a prominent blockchain-focused venture capital firm based in Shanghai, established in 2015 by experienced professionals from both blockchain and traditional finance sectors. As the first and most active firm of its kind in Asia, Fenbushi has invested in over 60 innovative projects across four continents, utilizing blockchain technology to transform various industries, including finance, healthcare, supply chain, and consumer goods. The firm is dedicated to fostering healthy and sustainable growth within the global blockchain ecosystem and collaborates closely with its portfolio companies as a long-term strategic partner.

Feng Xiao

Investor

Past deals in Crypto

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.

AlgoTrader

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.

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.

CoinList

Series A in 2021
CoinList is a San Francisco-based platform established in 2017 that facilitates token sales for digital asset companies. The platform connects blockchain projects with their communities prior to their assets being listed on other exchanges. It serves a diverse clientele within the digital asset ecosystem, including notable firms like Protocol Lab and Blockstack. CoinList offers services that enable token issuers to list their tokens and provides traders with opportunities for staking and access to decentralized finance. By bridging the gap between token developers and potential investors, CoinList plays a significant role in the growth and development of the blockchain industry.

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.

Blofin

Series A in 2021
Blofin is a crypto-financial services company. Blofin also provides crypto asset management services by focusing on small and medium-sized Quantitative Hedge Funds to provide capital investments, lower trading fees, and other financial services.

Thesis

Series A in 2021
Thesis, Inc. builds and funds products and protocols in cryptocurrency and decentralized technology. The company focuses on how to bridge the bitcoin/real-world purchase gap and enable private data on public blockchains. It develops tBTC protocol, an application on Keep network. Thesis, Inc. was incorporated in 2014 and is based in San Francisco, California.

Curio Digital

Seed Round in 2021
Curio Digital is a marketplace for tokenized digital collectibles.

Curio Digital

Seed Round in 2021
Curio Digital is a marketplace for tokenized digital collectibles.

Moonbeam Network

Funding Round in 2021
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Poolin

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

Biconomy

Seed Round in 2021
Biconomy is a technology company that develops a multichain relayer protocol aimed at simplifying transactions and onboarding for Web3 projects. Its infrastructure network serves as a transaction highway that reduces friction between blockchain applications and end-users. By providing an SDK and dashboard, Biconomy abstracts the complexities associated with wallet setup, private key management, gas fees, and cryptocurrency purchases. The platform facilitates gas-efficient meta-transactions at scale, enabling developers to create seamless interactions between decentralized applications (DApps) and users. Through its innovative approach, Biconomy enhances the overall user experience within the blockchain ecosystem.

Hex Trust

Series A in 2020
Hex Trust is a fully licensed and insured digital asset custodian based in Sheung Wan, Hong Kong, with additional offices in Singapore. Established in 2017, the company specializes in providing a comprehensive institutional platform for digital assets, including custody, token issuance, and KYC solutions. Utilizing its proprietary bank-grade platform, Hex Safe™, Hex Trust serves banks, financial institutions, asset managers, exchanges, and corporations. This platform enables clients to access liquidity providers, exchanges, and lending and staking services while ensuring that assets are securely held in a regulated environment. As a registered Trust Company under the Hong Kong Trust Ordinance, Hex Trust operates under strict compliance with local regulations, including holding a Trust or Company Service Provider license under anti-money laundering laws. The company is also expanding its presence 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.

Centrifuge

Seed Round in 2020
Centrifuge Inc. is a developer of a decentralized blockchain-based platform aimed at transforming the global financial supply chain. Founded in 2017 and headquartered in San Francisco, California, with an additional office in Berlin, Germany, Centrifuge provides a secure and privacy-preserving protocol that facilitates peer-to-peer transactions while allowing businesses to retain ownership of their data. This includes validated company information, business relationships, and transaction history. The platform enables participants to interact within a global network, promoting economic opportunity through the easy creation of applications and functionality by third-party service providers. Centrifuge's team, which has a history of collaborating on successful software ventures, focuses on addressing real business challenges with solutions that handle significant transaction volumes daily.

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.

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.

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 Systems

Seed Round in 2020
Chainsafe Systems is an internet blockchain company located in Toronto.

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 that specializes in creating a cryptocurrency trading platform tailored for institutional investors. Founded in 2019, the company is based in Zug, Switzerland, and focuses on providing a secure and efficient trading environment for its clients in the growing digital currency market.

Edge

Seed Round in 2019
Edge is an SDK platform that enables its users to develop security applications for its clients. Their product range includes client-side encryption, data backup, password recovery, blockchain technology, private key authentication, IoT, financial applications, bitcoin, and private messaging. Edge (formerly Airbitz) was founded in 2014 and is based in California.

OceanEx

Series A in 2019
OceanEx Limited operates cryptocurrency trading platform. The company was founded in 2018 and is based in Bahamas.

AlphaWallet

Seed Round in 2019
The team at AlphaWallet is committed to connecting businesses and consumers with the new digital economic infrastructure through tokenisation. Tokenised rights can be traded on the market and integrated across systems, forming a Frictionless Market and allowing limitless integration(Integrating the Web). We provide TokenScript, an open framework which is the “HTML” for tokens and enables developers to make their tokens “smart”. The AlphaWallet app is like the browser for users to access these SmartTokens which are analogous to websites in the web 2.0 world. We see a future that everyone benefiting from technology-enabled free markets.

bloXroute Labs

Series B in 2019
bloXroute Labs, Inc. provides a blockchain scalability solution that allows cryptocurrencies and blockchains to scale on-chain, without protocol changes. The company allows all nodes to maintain the consensus over the state of the blockchain, even when mining thousands of transactions per second, on-chain. It runs underneath the consensus layer, supports all blockchains, provably neutral, and usable by any single node. The company was incorporated in 2018 and is headquartered in Evanston, Illinois.

The Block

Seed Round in 2019
The Block is a prominent research, analysis, and news organization focused on the digital asset sector. Established in 2018 and headquartered in New York City, The Block operates with a team distributed across multiple time zones, enabling continuous coverage of the global cryptocurrency and blockchain landscape. The organization aims to serve as a comprehensive resource for individuals seeking to understand and navigate the evolving world of digital assets, including programmable money, distributed ledgers, and decentralized applications. Through its in-depth reporting and insights, The Block positions itself as a key player in the digital asset space.

TokenInsight

Series A in 2018
TokenInsight is a China-based company that specializes in providing data and rating services for cryptocurrency tokens. The firm focuses on delivering accurate and transparent information about cryptocurrency companies through institutional research methodologies. With a comprehensive token database and advanced market research algorithms, TokenInsight aims to serve as an unbiased resource for both individual consumers and professional enterprises. The company's mission is to uphold high standards of reporting in the rapidly evolving cryptocurrency market.

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 one-stop digital asset exchange platform and provides users with safe, fast, convenient and standardized digital asset exchange services.

CarBlock

Venture Round in 2018
CarBlock Corp. develops a blockchain-based transportation solution built on data generated by smart devices. It develops a blockchain-based infrastructure for the automobile market, which provides services, such as car maintenance and repair services, insurance services, car rental services, and used car dealerships and reports using car tokens as the medium of transactions. The company is based in China.

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.

NuCypher

Venture Round in 2018
NuCypher is a San Francisco-based company founded in 2015 that specializes in developing a data-centric zero-trust encryption platform focused on protecting sensitive information. The company offers a product designed for sharing sensitive data while ensuring compliance with governance and residency requirements. Its encryption layer allows organizations to implement military-strength encryption to safeguard large and distributed data sets, whether stored in the cloud or on-premises. By utilizing existing access policies, NuCypher enhances the security of big data applications against internal and external threats. Additionally, the company is committed to creating privacy-preserving infrastructure and protocols, further advancing its mission in the field of cryptography.

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.

Kyber Network

Initial Coin Offering in 2017
Kyber Network PTE. Ltd. operates an online platform that facilitates the exchange and conversion of digital assets through an on-chain liquidity protocol. Founded in 2017 and based in Singapore, Kyber aggregates liquidity from various reserves to provide instant and secure token exchanges for decentralized applications. The platform offers vendors the ability to accept payments in multiple tokens while receiving their preferred token, enhancing e-commerce transactions. Additionally, Kyber provides rich payment APIs and a contract wallet that allows users to receive payments seamlessly. The protocol supports a variety of inter-token use cases, enabling decentralized applications to allow non-token holders to access their services, and allowing decentralized financial projects to rebalance portfolios quickly. Overall, Kyber Network serves as a multi-chain trading and liquidity hub, connecting diverse liquidity sources to optimize trading rates.

Symbiont

Series A in 2017
Symbiont has developed the market-leading platform for institutional applications of blockchain technology. Symbiont smart contracts enable complex instruments to live their entire lifecycle on a truly decentralized, enterprise blockchain network with end-to-end privacy. Financial institutions and governments are working with Symbiont to develop new business lines, increase transparency, reduce risk, and save costs. Industry leaders such as Vanguard and the State of Delaware have chosen to partner with Symbiont. Headquartered in New York City, Symbiont is a financial technology company founded by a team of experts in capital markets and blockchain technology.

TenX

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

Circle

Series D in 2016
Circle is a financial technology company that leverages blockchain technology to facilitate the sending, receiving, and investing of cryptocurrency assets globally. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a user-friendly online platform that simplifies money transfers and includes services such as Circle Pay for peer-to-peer payments. In addition, the company provides Circle Invest, allowing users to buy and sell cryptocurrencies, and Circle Trade, which operates a trading desk with a substantial liquidity pool for digital assets, averaging $2 billion in monthly trading volume. With significant backing from investors, including notable firms such as Goldman Sachs and Accel Partners, Circle has established a presence in major cities, including Boston, New York, San Francisco, Dublin, London, and Hong Kong. The company is dedicated to accelerating global crypto innovation and adoption through its various financial services.

Parity Technologies

Seed Round in 2016
Parity Technologies Limited is a blockchain infrastructure company based in London, United Kingdom, established in 2015. The company specializes in open-source software development aimed at enterprises utilizing blockchain technology. Parity focuses on creating innovative platforms and applications that integrate advanced cryptography, peer-to-peer technology, and decentralized consensus architectures, contributing to the evolution of blockchain solutions.

String Labs

Seed Round in 2016
String Labs is a crypto venture studio, incubator and investor, headquartered in Palo Alto. It serves as an incubator and leading core contributor to cutting-edge blockchain protocols such as DFINITY (Ethereum-family decentralized cloud) and PHI project, among others. Its team include top cryptographers, distributed computing scientists and economists. It partners closely with leading organizations such as BCG Dvolution on enterprise blockchain projects and provides infrastructure support.

Zcash

Seed Round in 2016
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion. Zcash transactions do not depend on the cooperation of other parties. Additionally, full nodes in the Zcash network only need to store a small persistent state.

Gem

Series A in 2016
Gem is a developer of next-generation cryptocurrency applications and a blockchain platform that empowers individuals to take control of their wealth through innovative digital solutions. Founded in 2013, Gem offers a secure universal wallet that acts as a single entry point for users to track their cryptocurrency investments and net worth. The platform facilitates the curated discovery of new tokens and decentralized applications, enhancing the participation experience in the evolving digital marketplace. With a team of experienced software architects and blockchain engineers, Gem is dedicated to providing easier and more secure ways for consumers to engage with the growing decentralization movement.

Libra

Seed Round in 2014
Lukka is a leading technology and data services provider for middle and back-office crypto asset processing. Its crypto-native products connect, standardize, reconcile, process, and report audit-ready information within a highly secure SOC 1 Type 2 enterprise-grade infrastructure. Lukka was founded in 2014 and headquartered in New York, United States.