Matt Huang

Managing Partner

Past deals in Bitcoin

Argent

Series B in 2022
Argent Labs Limited develops and operates digital wallet for cryptocurrencies and blockchain applications. It offers Argent application that helps users to trade in digital assets; and manage funds and interact within token economy. The company was incorporated in 2017 and is based in London, United Kingdom.

Gauntlet

Series B in 2022
Gauntlet builds a blockchain simulation and testing platform for financial systems. The company's blockchain simulation and the testing platform run a series of simulations to test the client's protocol or smart contract and gain intuition on how design choices affect behavior, thereby helping financial institutions by providing transparency and greatly reduces the cost of experimentation so that teams can rapidly design, launch, and scale new decentralized systems. Gauntlet was founded in 2018 and is headquartered in Brooklyn, NY, USA.

FTX

Series C in 2022
FTX Trading LTD operates a cryptocurrency derivatives exchange and trading platform for traders and investment professionals. Its platform offers futures trading, leveraged tokens, and an OTC portal. The company’s platform supports quarterly and perpetual futures on various cryptocurrencies and altcoins, such as bitcoin, ether, binance coin, and tether, as well as various altcoin, midcap, and other indices. The company was founded in 2017 and is based in San Francisco, California.

Rain

Series B in 2022
Rain is a regulated cryptocurrency exchange operating in the Middle East.

MoonPay

Series A in 2021
MoonPay is a financial technology company that specializes in creating payment infrastructure for the cryptocurrency sector. It offers a suite of products designed to facilitate the conversion between fiat currencies and cryptocurrencies, using various payment methods such as debit and credit cards, local bank transfers, and digital wallets like Apple Pay, Google Pay, and Samsung Pay. Operating in over 160 countries, MoonPay is recognized for its non-custodial payment system, which connects cryptocurrency exchange platforms with users, ensuring a streamlined transaction experience. The company is trusted by more than 250 leading wallets, websites, and applications to process payments and mitigate fraud, making it a key player in the crypto payments landscape.

CoinSwitch

Series C in 2021
coinswitch.co is the world's first cryptocurrency exchange aggregator platform. It lists 250+ coin and 6000+ currency pairs. As of 2018, it has been hitting a volume of 1 million USD per day. Some of the exchanges listed on coinswitch.co are Bittrex, Changelly, Shapeshift and Cryptopia.

Genesis Digital Assets

Private Equity Round in 2021
Genesis Digital Assets is one of the world's largest and most experienced Bitcoin mining companies. Since 2013, the founders of the company have built over 20 industrial-scale mining farms, brought over 300,000 miners online, and mined over $1 billion in Bitcoin.

TaxBit

Series B in 2021
TaxBit is a company that specializes in cryptocurrency tax calculation and compliance services. It offers a software-as-a-service (SaaS) platform designed to assist investors, exchanges, and payment services with tax and accounting needs. The platform automates the collection and validation of financial information, integrates this data with existing financial systems, and supports robust examination processes. By streamlining digital asset accounting, TaxBit helps enterprises and government entities manage their tax obligations more efficiently.

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.

FTX

Series B in 2021
FTX Trading LTD operates a cryptocurrency derivatives exchange and trading platform for traders and investment professionals. Its platform offers futures trading, leveraged tokens, and an OTC portal. The company’s platform supports quarterly and perpetual futures on various cryptocurrencies and altcoins, such as bitcoin, ether, binance coin, and tether, as well as various altcoin, midcap, and other indices. The company was founded in 2017 and is based in San Francisco, California.

Bitso

Series C in 2021
Bitso SAPI de CV is a prominent online trading platform based in Mexico City, founded in 2014, that facilitates the buying and selling of Bitcoin and other cryptocurrencies. As Mexico's first Bitcoin exchange, Bitso allows users to trade Bitcoin with the Mexican Peso, providing a secure and professional environment for cryptocurrency transactions. Users can fund their accounts through various options, including in-person deposits at designated locations across Mexico. The platform operates with a central limit order book, similar to traditional currency exchanges, ensuring efficient trade execution. Additionally, Bitso offers an API that enables third-party applications, such as trading and charting tools, to integrate with its platform, along with a dedicated mobile application for seamless trading activities.

Gitcoin

Series A in 2021
Gitcoin is a platform founded in 2017, based in Boulder, Colorado, that enables open source developers to monetize their work effectively. It allows developers proficient in various programming languages, including Python, Rust, Ruby, JavaScript, Solidity, HTML, and CSS, to receive compensation when their contributions are utilized. Built on the Ethereum network, Gitcoin employs smart contracts to align incentives among participants in the ecosystem, facilitating value creation without reliance on traditional legal mechanisms. The platform fosters collaboration between developers, repo maintainers, and financiers, emphasizing the importance of community in enhancing the success of open source projects. By integrating the local tech community's #givefirst ethos with financial incentives, Gitcoin aims to advance the development of open source software and strengthen community ties.

Zora

Seed Round in 2021
Zora operates as a crypto-driven marketplace.

blockfi

Series D in 2021
BlockFi, Inc. is a financial services company that specializes in cryptocurrency wealth management. Founded in 2017 and based in Jersey City, New Jersey, BlockFi offers a range of products designed for crypto investors. Its flagship offering is the BlockFi Interest Account, which allows users to earn interest on their Bitcoin, Ether, and Gemini Dollar holdings. The company also provides secured loans to clients who collateralize their loans with cryptocurrency, facilitating liquidity for both individuals and institutions. Additionally, BlockFi operates a trading platform that enables the exchange of various cryptocurrency pairs and offers customizable lending solutions. With a focus on enhancing financial accessibility and transparency in the digital asset space, BlockFi aims to meet the evolving needs of its clients while ensuring secure management of their crypto assets through a registered custodian.

blockfi

Series D in 2021
BlockFi, Inc. is a financial services company that specializes in cryptocurrency wealth management. Founded in 2017 and based in Jersey City, New Jersey, BlockFi offers a range of products designed for crypto investors. Its flagship offering is the BlockFi Interest Account, which allows users to earn interest on their Bitcoin, Ether, and Gemini Dollar holdings. The company also provides secured loans to clients who collateralize their loans with cryptocurrency, facilitating liquidity for both individuals and institutions. Additionally, BlockFi operates a trading platform that enables the exchange of various cryptocurrency pairs and offers customizable lending solutions. With a focus on enhancing financial accessibility and transparency in the digital asset space, BlockFi aims to meet the evolving needs of its clients while ensuring secure management of their crypto assets through a registered custodian.

Opyn

Series A in 2021
Opyn is building an insurance marketplace to protect cryptocurrency users against system risks in Decentralized Finance.

CoinSwitch

Series A in 2021
coinswitch.co is the world's first cryptocurrency exchange aggregator platform. It lists 250+ coin and 6000+ currency pairs. As of 2018, it has been hitting a volume of 1 million USD per day. Some of the exchanges listed on coinswitch.co are Bittrex, Changelly, Shapeshift and Cryptopia.

TaxBit

Series A in 2021
TaxBit is a company that specializes in cryptocurrency tax calculation and compliance services. It offers a software-as-a-service (SaaS) platform designed to assist investors, exchanges, and payment services with tax and accounting needs. The platform automates the collection and validation of financial information, integrates this data with existing financial systems, and supports robust examination processes. By streamlining digital asset accounting, TaxBit helps enterprises and government entities manage their tax obligations more efficiently.

Gauntlet

Venture Round in 2020
Gauntlet builds a blockchain simulation and testing platform for financial systems. The company's blockchain simulation and the testing platform run a series of simulations to test the client's protocol or smart contract and gain intuition on how design choices affect behavior, thereby helping financial institutions by providing transparency and greatly reduces the cost of experimentation so that teams can rapidly design, launch, and scale new decentralized systems. Gauntlet was founded in 2018 and is headquartered in Brooklyn, NY, USA.

Argent

Series A in 2020
Argent Labs Limited develops and operates digital wallet for cryptocurrencies and blockchain applications. It offers Argent application that helps users to trade in digital assets; and manage funds and interact within token economy. The company was incorporated in 2017 and is based in London, United Kingdom.

AMBER AI

Series A in 2020
Amber Group is a prominent cryptocurrency financial services provider based in Hong Kong, established in 2017 by finance professionals with backgrounds in major institutions. The company offers a range of services, including cryptocurrency trading, yield enhancement, collateralized lending, decentralized finance, and electronic market making. With a global presence that includes locations in Taipei, Seoul, and Vancouver, Amber Group operates continuously to serve over 200 institutional clients, facilitating trading across more than 60 electronic exchanges. The firm has cumulatively traded over $200 billion, maintaining an average daily trading volume between $100 million and $200 million. Amber Group emphasizes the integration of advanced technology with quantitative research to enhance investment flexibility, maximize returns, and deliver sustained value to its clients.

o1Labs

Series A in 2019
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.

Numerai

Funding Round in 2019
Numerai, founded in 2015 and headquartered in San Francisco, California, operates as a unique hedge fund that leverages a global network of data scientists. The firm invites these data scientists to contribute by creating predictive models, which are incentivized through the use of its own cryptocurrency. Numerai employs a long/short investment strategy in the public equity markets, aiming to capitalize on the collective intelligence of its contributors. This innovative approach combines finance and data science, allowing for collaboration while maintaining the anonymity of participants.

Ignite

Series A in 2019
Tendermint brings simplicity, security, and speed to the world’s blockchains.

Tagomi

Venture Round in 2019
Tagomi Trading, LLC is an institutional-grade cryptocurrency trading platform founded in 2018 and headquartered in Albany, New York, with additional offices in New Jersey, Chicago, San Francisco, and London. The company specializes in providing clients with enhanced trade execution capabilities, allowing them to optimize their trading strategies. Utilizing advanced routing techniques and execution algorithms, Tagomi analyzes both real-time and historical data to determine the most advantageous trading opportunities. This approach helps clients minimize trading costs and maximize their returns on cryptocurrency investments.