Best VCs for Stablecoins

82 venture capitalists actively investing in Stablecoins.

Active VCs

Funds

Deals

Venture Associate

Kosmos Ventures

Lucas looks for early, non-consensus crypto opportunities through an active-user and market-structure lens. He believes decentralized markets can democratize finance and that money increasingly follow

No Lucas-specific check range is public. A current OpenVC search profile lists Kosmos at $100K–$1M, while Kosmos's own live material confirms Seed/Pre-Seed as its co-building focus but publishes no check size. Treat $100K–$1M as third-party firm guidance only; confirm allocation, instrument, ownership and decision-maker directly with Lucas and the team.

Pre-seedSeedEarly Stage

#2Chris Dixon

Founder, Managing Partner

a16z crypto

Chris invests behind blockchains as a new computing and ownership primitive for the internet. His core thesis is that token-enabled networks can align builders, users, and owners; bootstrap network ef

No personal check-size range is published. The official profile's aggregate fund-raising figure and public financing announcements describe firm resources and transactions, not Chris's individual authority or a reliable minimum/maximum check.

SeedEarly StageGrowth

#3Matt Shakhovskoy

Director, Ventures

Mercy Corps Ventures (Web3)

Investing in blockchain and digital finance for emerging markets development at Mercy Corps Ventures. Focused on crypto solutions for financial inclusion and humanitarian applications.

Pre-seedSeedSeries A

#4Guy Wuollet

General Partner

a16z crypto

Guy invests across the crypto stack with a technical focus on infrastructure, DeFi, and decentralized physical infrastructure. He looks for blockchains to coordinate markets that centralized intermedi

No personal check-size range is published. Public seed, Series A, and later financing amounts are company-level transaction sizes and are not a defensible proxy for Guy's individual range or allocation authority.

SeedSeries AEarly Stage

#5Nihal Maunder

Managing Director

HongShan

Nihal's current HSG mandate is not yet public, so the defensible personal thesis comes from his prior first-person and attributed work: blockchain can extend open finance and coordination into payment

No current person-specific HSG check size is publicly disclosed. Historical Pantera work spans early-stage through growth, but those prior fund parameters should not be assumed to apply to his HSG role.

Early StageVentureGrowth

#6Richard Chen

Founder & Solo GP

Varrock VC

Richard backs concentrated, contrarian pre-seed and seed bets in the future of finance. For crypto-native products, he looks for category creation, missionary founders, power-user retention and contin

$600K–$900K at pre-seed and seed, published on Varrock's live website. The fund targets a small, concentrated portfolio, commonly 0–1 new investment per quarter, to maintain ownership and hands-on capacity rather than spray and pray.

Pre-SeedSeed

#7Jose Sanchez

Head of research, Investment Associate

The Spartan Group

José researches and evaluates liquid and protocol opportunities for Spartan Capital. His work focuses on crypto becoming financial infrastructure: stablecoin adoption, yield markets, institutional use

No personal check-size or allocation authority is published. Spartan Capital manages liquid, DeFi, gaming/metaverse, and market-neutral funds; the firm's $500M stated AUM and portfolio activity are not a personal check range for José.

Public TokensLiquid MarketsProtocol Investments

#8Ryan Connor

Research Partner

RockawayX

Ryan looks for crypto investments where differentiated, alpha-generative research reveals something the consensus has missed and where tokens or equities can be underwritten with traction and fundamen

No Ryan-specific venture check range is public. For RockawayX's Catapult program, the firm says it writes first checks into RWA-yield founders and can add anchor TVL, liquidity, DeFi integrations and mentorship; founders should ask directly about round-specific sizing.

Pre-seedSeedEarly Stage

#9Chris Perkins

Head of Franklin Crypto

Franklin Templeton

Chris bridges crypto-native markets and traditional institutional finance. As Head of Franklin Crypto, he leads active digital-asset strategies across tokens, protocols, and fintech opportunities. His

Franklin Crypto offers actively managed cryptocurrency strategies to institutional investors; it does not publish a personal venture check range for Chris. His current remit spans liquid digital-asset portfolio management rather than a disclosed startup check mandate, so past CoinFund round sizes are not used as a proxy.

Liquid TokensPublic MarketsInstitutional Asset Management

#10Elizabeth Harkavy

Investment Partner

a16z crypto

Liz focuses on the picks-and-shovels and decentralized infrastructure that let crypto mature into useful, open economic systems. Her authored investment work emphasizes market infrastructure for incre

a16z crypto does not publish a reliable personal check range for Liz. Her public deal writing spans seed leadership and large later financings, so founders should confirm vehicle, stage, allocation, ownership target, lead/co-lead role, token/equity structure, and reserves with the team.

SeedVentureGrowth

#11Felix Machart

Research Partner

Greenfield Capital

Felix uses research and market data to identify durable crypto infrastructure and distinguish fundamental adoption from speculation. His work favors protocols with measurable usage, revenue or value a

No personal check-size range is published. Greenfield's venture mandate spans pre-seed through later stages; financing amounts in Felix's investment essays are company-round totals, not personal limits.

Pre-SeedSeedSeries A

#12Christian Zimmermann

Partner and Chief Operating Officer

Greenfield Capital

Christian applies transaction, regulatory, and policy expertise to executing Greenfield's crypto investments. His work argues for clear decentralization standards, practical token tax treatment, open

No personal check-size range is published. Greenfield invests across pre-seed through later stages, while Christian's stated responsibility is implementing investment decisions rather than owning a public personal allocation range.

Pre-SeedSeedSeries A

#13Peyman Momeni

Research Partner

Hack VC

Peyman treats confidentiality as market infrastructure rather than an abstract right. His research uses identity-based encryption and distributed decryption to prevent front-running with dramatically

Not disclosed and not inferable. Peyman is listed as a Research Partner, so founders should treat him as a domain expert and technical thesis contributor unless Hack VC confirms participation in a specific investment decision.

Technical ResearchProtocol DesignPre-Seed

#14Nassim Olive

Co-Founder & General Partner

Eterna Capital

Nassim invests where decentralized protocols, programmable value layers and AI-native infrastructure converge to reshape the internet. His work connects crypto's ownership and market primitives to bro

$250K–$1M indicated by current investor directories, with roughly $500K described as a sweet spot. Eterna's own live site confirms a global, early-stage mandate but does not publish a check range, so founders should verify current size, reserves, instrument and lead appetite directly. Eterna has publicly co-led at least one pre-seed round (Stoffel Labs).

Pre-seedSeedSeries A

#15Vassilis Tziokas

Venture Partner

Big Pi Ventures

Vassilis brings a blockchain ecosystem and go-to-market lens to Big Pi's technology investing. His public work emphasizes the transition from crypto trading toward usable infrastructure: privacy-prese

Big Pi publishes a firm-wide equity-ticket range of €0.5M–€30M across its early-stage and growth funds; its early-stage Fund II described €1M–€3M lead investments. These are firm parameters, not Vassilis's personal allocation range.

SeedEarly StageSeries A

#16Banafsheh Fathieh

General Partner

Lightspeed Faction

Banafsheh backs early blockchain companies and token networks that create fundamental utility. Her public discussions emphasize the infrastructure or 'plumbing' of crypto, globally relevant financial

No personal check-size range is published. Faction invests at Seed and Series A through both equity and tokens; the firm's reported fund size and company round totals are not Banafsheh's personal range.

SeedSeries AToken Networks

#17Caitlin Pintavorn

Venture Partner

Paradigm

Caitlin is a Paradigm venture partner and Stripe zero-to-one strategist whose published investment perspective centers on crypto's ability to improve online coordination and create internet-native eco

No personal check range or decision authority is published. Paradigm invests from first check through public markets, but Caitlin's current collaborator status and the firm's capital base do not establish an individual check size.

Pre-SeedSeedSeries A

#18Stanko Nedic

Partner

V3V Ventures

Stanko invests in early-stage software, digital infrastructure and emerging technology, with a strong Web3 focus and an engineer's bias toward difficult, foundational systems. His current public filte

No Stanko-specific check range is public. A current third-party V3V profile reports a firm-level typical range of $100K–$1M at pre-seed/seed, while public round databases describe the larger rounds V3V joins rather than its own checks. Treat $100K–$1M as directional and confirm instrument, allocation and follow-on capacity directly.

Pre-seedSeedSelective later follow-on

#19Mason Nystrom

Partner

Pantera Capital

Mason is an application-layer investor looking for products that use crypto coordination and ownership to change how large groups of people interact. His work emphasizes stablecoins as global payment

No person-specific check size is publicly disclosed. Pantera's published venture approach typically invests from Seed through Series B and aims to lead or co-lead; founders should confirm fit rather than infer a check from third-party databases.

SeedSeries ASeries B

#20Mike Zajko

Co-Founder & General Partner

Lattice Fund

Mike backs infrastructure, networks and applications that make money, markets and scarce resources more open. He originated Lattice's 2022 Token-Incentivized Physical Infrastructure Networks thesis an

$250K–$1M from pre-seed through Series A, per Lattice's current official approach page. The firm says it invests globally, makes fast independent decisions and seeks non-consensus companies at their earliest stages.

Pre-SeedSeedSeries A

#21Raye Hadi

Research Associate, Digital Assets

ARK Invest

Raye analyzes how cryptoassets can disrupt legacy financial systems, with particular depth in stablecoin architecture and DeFi application economics. He evaluates networks and tokens through reserves,

Not applicable as a personal founder check. Raye is a digital-assets research associate supporting ARK's managed investment strategies; the cited sources do not establish personal venture check-writing authority or a standard startup ticket.

Liquid CryptoassetsPublic MarketsThematic Research

#22Samir Kerbage

Chief Investment Officer

Hashdex

Samir views crypto as a long-horizon technology and asset-class allocation rather than a short-term trade. His framework has two complementary pillars: bitcoin maturing as a scarce store of value and

Samir is a public/liquid-markets asset manager rather than a disclosed venture check writer. Hashdex publishes fund and index methodologies, not a personal startup check range; pitches should concern investable assets, indexes, products, research, or institutional partnerships rather than assume venture capital authority.

Liquid AssetsPublic MarketsETFs

#23Lucas Vogelsang

VENTURE PARTNER

Blockchain Capital

Lucas specializes in rebuilding credit and capital markets on shared blockchain infrastructure. His operating record points to tokenized funds, real-world assets, institutional DeFi, and end-to-end le

No personal or venture-partner check range is published. Blockchain Capital's announced financing rounds and Tare's seed round are transaction sizes, not a reliable proxy for Lucas's individual authority.

SeedEarly StageProtocol Networks

#24Lukas Etter

Co-CIO & General Partner

CV VC

Lukas backs early frontier-technology companies building a decentralized and tokenized economy, with a current emphasis on traditional businesses moving onto blockchain rails and the convergence of bl

CV VC's published early-stage program invests up to $500,000 in qualifying pre-seed and seed companies with an MVP and initial traction. This is a firm program limit, not Lukas's personal allocation range; other vehicles and follow-ons may differ.

Pre-SeedSeedAccelerator

#25Josh Solesbury

Principal

ParaFi Capital

Josh focuses on blockchain infrastructure that can replace costly financial plumbing and connect digital assets to large, existing pools of economic activity. His public work highlights stablecoins fo

No personal check range is publicly disclosed. ParaFi's private-markets strategy backs early- and growth-stage companies and protocols, but firm AUM and individual transactions should not be converted into a presumed standard ticket or unilateral authority.

Early StageGrowth StagePrivate Markets

#26Alana Palmedo

Managing Partner

Paradigm

Alana co-leads a research- and builder-led strategy that backs ambitious technical founders from first check through public markets. Paradigm began in crypto and now targets the fastest-moving technol

Paradigm invests at every stage, from first check through public markets. Its fourth fund is $1.2 billion, but neither the firm nor Alana publishes a personal check range; the fund size is therefore not treated as her check authority.

Pre-SeedSeedSeries A

#27Jin Ming Neo

Sr. Investment Research Associate

HashKey Capital

Jin Ming Neo contributes to broad, research-led sector evaluation across Web3. HashKey's coauthored 1H 2024 analysis favors teams with defined technical advantages, credible go-to-market, or proven ex

No reliable personal check range or individual signing authority is public. Jin Ming Neo is a research associate, so founders should treat HashKey Capital's fund strategy—not a directory estimate—as the relevant context and confirm stage, allocation, lead role, ownership, token/equity structure, and decision process with the investment team.

SeedSeries AEarly Stage

#28Brian Breslow

Investor

No Limit Holdings

Brian invests in early-stage blockchain infrastructure and crypto-native businesses where a protocol or token can coordinate a real resource, market or financial rail. His recent work looks beyond def

No Brian-specific or official current check range is public. NLH Fund II is positioned to lead early-stage native-crypto investments, and the firm's disclosed portfolio spans pre-seed, seed, strategic and Series A rounds. Round totals are not personal check sizes; founders should ask Brian or the firm about current sizing and instrument.

Pre-seedSeedSeries A

#29Samuel Harrison

Managing Partner

Lightspeed Faction

Samuel backs early crypto infrastructure and protocols that make blockchain useful at scale. His public focus includes wallets, brokerages, developer tools, remittances, stablecoin and payment rails,

No personal check-size range is published. Faction invests at Seed and Series A using equity and tokens; its fund commitments and disclosed financing totals should not be interpreted as Samuel's standard check.

SeedSeries AToken Networks

#30David Hsu

General Partner

ether.fi Ventures

David backs technical, early-stage teams at the intersection of finance, AI and crypto that pair crypto-native properties with real adoption. His clearest current thesis is a two-layer build: first ac

$500K–$1M, from a current public ether.fi Ventures fundraising statement. The live site positions Fund I at pre-seed through Series A and publishes ventures@ether.fi. Confirm allocation, instrument, ownership target and whether the fund will lead; the current site says $20M committed capital while the April 2025 launch post described $40M, so fund-size headlines should not be used to infer check capacity.

Pre-seedSeedSeries A

#31Rodney Yesep

Partner

Hack VC

Rodney backs technical infrastructure that removes adoption bottlenecks for high-value crypto use cases. His work favors modular, open AI stacks that solve data, compute and availability; stablecoin c

No personal or standard ticket is published. Hack VC is an earliest-stage investor and its articles identify the firm as leading rounds at pre-seed, seed and Series A; announced round leadership does not reveal Rodney's individual check authority.

Pre-SeedSeedSeries A

#32Jonah Burian

Investor

Blockchain Capital

Jonah studies where value and power accrue as crypto infrastructure matures. He argues that open rails can unbundle closed payment networks; user-owning applications can compress infrastructure margin

No personal check range or deal authority is disclosed. Jonah is an Investor focused on research and new opportunities at a multi-stage firm; public work and academic research demonstrate thesis depth, not a standard individual ticket.

ResearchSeedEarly Stage

#33George Christopher

Principal

CoinFund

George looks for open, permissionless systems that expand financial access and remove cost, delay and gatekeeping from payments and DeFi. His writing starts with sharp workflow pain—especially cross-b

No standard personal ticket is published. CoinFund's 2026 articles identify the firm as lead on Trace's $32M Series A and Edge Markets' $29M Series A, with George authoring or contributing to the theses; round size is not equivalent to CoinFund's check or George's authority.

SeedSeries AEarly Stage

#34Anay Simunovic

Investor

Blockchain Capital

Anay focuses on the intersection of consumer behavior and crypto. Her work favors products that hide blockchain complexity inside a trusted, culturally native experience: mobile-first financial platfo

No personal check range or unilateral authority is publicly disclosed. Blockchain Capital is a multi-stage investor in equity and crypto assets; its September 2026 NG.CASH article announces a $15M BCAP investment, but that figure is a specific firm investment co-authored with a GP, not Anay's standard ticket.

SeedEarly StageMulti-Stage

#35Prashanth Swaminathan

Venture Partner

Woodstock Fund

Prashanth works within Woodstock's research-led early- and growth-stage Web3 strategy. The firm's three lenses are convergence, financialisation, and virtualisation: interoperable infrastructure that

Woodstock does not publish a personal check range for Prashanth on its site. Third-party databases estimate firm ranges, but those estimates and portfolio round sizes are not treated as evidence of his individual authority.

Pre-SeedSeedSeries A

#36Coulter Mulligan

Partner, Marketing & Communications

UDHC

Coulter works with UDHC's early-stage onchain-finance portfolio, applying a marketing and communications lens to companies that can connect crypto-native infrastructure with the traditional financial

Coulter has publicly said UDHC writes checks from pre-seed through Series A. A verified OpenVC firm profile lists $50K–$2M as UDHC's first-check range and says the firm sometimes leads; treat that as directory-level firm guidance rather than a Coulter-specific commitment, and confirm current size and ownership directly.

Pre-seedSeedSeries A

#37Eylon Aviv

Partner

Collider Ventures

Eylon connects two decentralization theses: crypto-native individual sovereignty that minimizes centralized authority through technology, and Web3 collective empowerment that democratizes ownership an

No reliable official current check range was found. Collider publicly describes itself as an early-stage Web3 investor and accepts pitches at invest@collider.vc; third-party directory estimates conflict, so founders should confirm current vehicle, stage and sizing directly.

Pre-seedSeedEarly Stage

#38Jonah Burian

Investor

Blockchain Capital

ResearchSeedEarly Stage

#39Gleb Dudka

Principal

Greenfield Capital

Gleb leads Greenfield's DeFi work, combining protocol research, infrastructure operating experience, and deal execution. His current research emphasizes capital-efficient and safer liquidity architect

Not publicly disclosed. Greenfield has led and joined pre-seed, seed, and Series A rounds, but public round sizes are not personal or firm check sizes.

Pre-SeedSeedSeries A

#40Jake Kim

Asset Manager

Hashed

Jake analyzes crypto assets through market structure, user demand, transparency and risk. He sees decentralized lending as a technically differentiated response to opaque custodial failures, while rec

Not applicable as a disclosed personal venture check range. Jake is publicly listed as an Asset Manager. Route startup fundraising to Hashed's investment team unless the firm confirms his participation in a specific venture process.

Liquid AssetsCrypto MarketsPortfolio and Risk Analysis

#41David Long

Co-CIO & General Partner

CV VC

David backs early-stage frontier-technology companies that make enterprise intelligence programmable or rebuild how value and trust move. CV VC's current strategy centers on automation, intelligent B2

CV VC's current founder page states that the firm invests up to $500,000 in pre-seed and seed companies with an MVP, initial traction, a pilot product, and revenue. No separate personal check range is published for David.

Pre-SeedSeed

#42David Gan

Founding General Partner

Inception Capital

David runs a dual strategy: direct early-stage venture investments and backing emerging fund managers, sometimes through management-company or GP stakes. His edge is an East-West network connecting U.

Inception does not publish a David-specific check range on its live site. A 2026 interview described an $80M platform split between a $50M venture fund and $30M fund-of-funds, but vehicle size is not personal check size. Founders should ask directly about current round, ownership and reserve fit.

Inception StagePre-SeedSeed

#43Tushar Jain

Managing Partner

Multicoin Capital

Open finance and tokenization. Strong views on stablecoins, DePIN, and crypto in emerging markets.

SeedSeries AToken

#44Yuan Han Li

Partner

Blockchain Capital

Yuan backs crypto-native founders with earned insight, behavioral resilience, learning velocity, and the ability to translate non-consensus ideas into enduring systems. His technical work spans modula

No verified personal check-size range is published. Blockchain Capital describes itself as a multi-stage crypto investor; Yuan's public work spans seed-stage selection through later protocol and company support, but no individual allocation authority should be inferred.

Pre-SeedSeedSeries A

#45Geoff YuHasker

Investor

Electric Capital

Geoff brings mechanism design, computational finance and systems engineering to frontier-technology investing. His work on ad auctions, algorithmic trading, rates derivatives and the SCION internet ar

Electric Capital publicly advertises firm-level checks of $1M–$15M+ from pre-seed through Series A. No personal range or unilateral authority is disclosed for Geoff, so that firm range should be treated as routing context rather than his individual ticket.

Pre-SeedSeedSeries A

#46Einar Braathen

Partner

CoinFund

Einar backs foundational technology that decentralizes scarce AI resources or rebuilds financial rails onchain. His portfolio connects open compute and model ownership, verifiable AI, permanent data,

No verified personal check-size range is published. CoinFund attributes pre-seed, seed, and Series A deals to Einar, but disclosed round totals are company financings and not his personal allocation authority.

Pre-SeedSeedSeries A

#47Will Leas

Deal Partner

Lightspeed Faction

Will invests in useful early-stage blockchain projects across equity and tokens. His public Meld thesis highlights infrastructure that connects traditional money and crypto: simple, compliant, develop

Faction does not publish a standard check range or Will's personal allocation authority. Its official mandate is Seed and Series A, using equity and tokens; observed round sizes are not check-size evidence.

SeedSeries AEarly Stage

#48Greg Rosenthal

Principal

North Island Ventures

Greg invests within NIV's enabling-technology thesis: as AI makes intelligence abundant, back the scarce complements that compound—financial rails for machines, sovereignty over assets and data, trust

$500K–$5M for early-stage companies, published on NIV's current portfolio page. This is a firm range, not a personal signing limit or promise from Greg.

Early StagePre-SeedSeed

#49Kayla Phillips

Senior Investment Principal, Hivemind Capital Partners

Hivemind Capital

Phillips's overarching thesis is bridging the on-chain and off-chain worlds, primarily through market infrastructure — the 'unsexy backbone' of stablecoins, settlement rails, custody, tokenization, an

Hivemind invests across pre-seed through Series B; typical venture checks $500K-$5M with capacity to lead

Pre-SeedSeedSeries A

#50Clara Boh

Deal Partner

Lightspeed Faction

Clara invests within Faction's early-stage, crypto-native mandate: Seed and Series A projects across the stack, in equity or tokens, that create fundamental utility and push the industry forward. Publ

Faction does not publish a standard check range or Clara's personal allocation authority. Its official mandate is Seed and Series A investments across equity and tokens; public round sizes must not be mistaken for Faction's check size.

SeedSeries AEarly Stage

#51Augustus (Augie) Ilag

Investment Partner, Head of Asia

CMT Digital

Ilag is CMT Digital's Investment Partner and Head of Asia, investing through the firm's early-stage blockchain strategy. His published Tazapay thesis favors full-stack cross-border payment infrastruct

Firm-level public estimate: $100K-$5M; typical check around $1.5M

SeedSeries A

#52Yoann Turpin

Co-founder

Wintermute Ventures

Yoann brings high-frequency trading, hedge-fund and family-office experience to a proprietary-capital venture platform built around Wintermute's market infrastructure. The firm backs category-defining

Wintermute Ventures currently publishes flexible $500K–$5M+ global investments, primarily Seed and Series A, using proprietary capital and often leading or co-leading. This is a firm range—not Yoann's personal promise—and the firm also makes selective later-stage investments.

Pre-SeedSeedSeries A

#53Amit Chu

Co-Founder and Partner

Verda Ventures

Amit backs fintech companies using stablecoin rails to deliver useful financial products in emerging markets. Verda's MiniPay strategy combines capital with Opera distribution and Celo infrastructure,

Verda's live FAQ says the MiniPay Fund typically invests $100K–$250K initially at earlier stages and $500K–$2M later, seeks roughly 5–10% early ownership and 2–6% later, and can be first check or co-invest. These are current vehicle ranges, not Amit's personal angel checks.

Idea and IncubationPre-SeedSeed

#54Darius Rugys

Partner

Maven 11 Capital

Darius works within Maven 11's crypto-native, early-stage strategy. The firm backs technically fluent founders who challenge the status quo by redefining ownership through open, inclusive, permissionl

Maven 11 does not publish Darius's personal check range or decision authority. Third-party investor databases estimate ranges, but those figures are not treated as verified evidence. The current firm describes an early-stage venture strategy without attaching a check range to him.

Pre-SeedSeedSeries A

#55Kevin YB

Partner

ParaFi Capital

Kevin approaches digital assets as both a quantitative portfolio manager and a systems builder. His remit joins non-directional and fundamental market strategies with production technology, while his

No personal venture check range is disclosed. Kevin leads quantitative strategies and technology development inside a multi-strategy manager spanning public and private markets; founders should not infer a standard venture ticket or sole decision authority from the Partner title.

Liquid MarketsQuantitative StrategiesPublic Markets

#56Chris Ahn

Partner

Haun Ventures

Chris backs community-led and crypto-enabled businesses where open technology creates a durable advantage and a credible business model. His work focuses on the infrastructure of globally programmable

No reliable Chris-specific ticket range is public. Haun invests from seed through scale and announced $1 billion of new early- and later-stage capital in May 2026; round evidence includes leading or co-leading seed, Series A and an $82M growth financing, but round size is not the same as Haun's check.

SeedSeries AGrowth

#57Kushagra Aryal

Associate

North Island Ventures

Kushagra invests within NIV's abundance-meets-scarcity framework across agentic finance, sovereign AI, new markets and frontier institutions. His mix of liquid-crypto research, venture scouting and pa

$500K–$5M for early-stage companies, according to NIV's current portfolio page. This is the firm's published range, not Kushagra's personal approval limit.

Pre-seedSeedSeries A

#58Doug Hsu

Investor

CMT Digital

Doug invests where crypto improves financial-market reach and capital efficiency, with Asia as a primary growth market. His Tazapay thesis favors full-stack payment infrastructure that owns licenses,

No official standard check size or personal approval limit is published. CMT Digital closed Fund IV at $136M in November 2025 and described it as an early-stage vehicle for blockchain infrastructure and applications; that fund size should not be converted into a presumed ticket for Doug.

Pre-seedSeedSeries A

#59Sam Hallene

Investment Partner

CMT Digital

Hallene takes a generalist, early-stage approach within blockchain, spanning DeFi, stablecoins and payments, DePIN, sector-specific chains, and core infrastructure. Public interviews emphasize portfol

$100K-$5M; public directory sweet spot approximately $1.5M

SeedSeries A

#60Ryan Chen

Managing Partner

HashKey Capital

Ryan's public investing perspective joins crypto-native opportunity with institutional finance and regulatory execution. He treats rising scrutiny as evidence of a maturing market and argues that sust

Not publicly disclosed. HashKey Capital invests through venture and liquid strategies across the blockchain ecosystem; founders should confirm vehicle and sizing directly.

SeedEarly StageGrowth

#61Herbie Fu

Partner

Hack VC

Herbie invests at the intersection of crypto, AI and productive infrastructure. His GAIB thesis treats compute as a scarce commodity that can become an investable, yield-producing on-chain asset, fina

No personal check range is publicly disclosed. Hack VC says it partners at the earliest stages across crypto, AI and frontier technology, and the firm led GAIB's seed round; neither the round nor third-party ticket estimates establish Herbie's standard or unilateral check authority.

Pre-SeedSeedEarliest Stage

#62Daren Matsuoka

Partner

a16z crypto

Data-driven crypto research. On-chain metrics, developer activity, ecosystem health. State of Crypto reports.

#63Xiao Xiao

Partner

HashKey Capital

Xiao looks for durable, real-use-case crypto products that can bring users from Web2 into Web3 and survive multiple market cycles. Public interviews show a broad mandate across DeFi, gaming, stablecoi

Firm-level public estimate: typically $1M-$5M, varying by stage and opportunity

Pre-SeedSeedSeries A

#64Nic Carter

Partner

Castle Island Ventures

Bitcoin infrastructure, stablecoins, and crypto data analytics. Known for Bitcoin advocacy and UTXO research.

SeedSeries A

#65Wyatt Lonergan

Head of Ventures

Circle Ventures

Leads Circle Ventures, investing in the USDC ecosystem and projects that advance digital dollar adoption worldwide.

SeedSeries A

#66Sam Broner

Partner

a16z crypto

Enterprise crypto, stablecoins, RWA tokenization. Bridge between TradFi and DeFi.

#67Do Kwon

Founder of Terra (Convicted)

Formerly the creator of Terra/Luna, focused on algorithmic stablecoins and DeFi infrastructure. Currently facing legal proceedings related to Terra's collapse.

Token

#68Matt Gorham

Partner

Pantera Capital

Public evidence supports a Pantera-wide, not Matt-specific, mandate: multi-stage blockchain venture and token exposure with follow-on capital for companies that demonstrate product-market fit. Matt's

No person-specific check size is publicly disclosed. Pantera says its venture strategy typically invests Seed through Series B and leads or co-leads; commercial directory estimates were not used.

SeedSeries ASeries B

#69Matt Walsh

Co-Founder

Castle Island Ventures

Bitcoin infrastructure, stablecoins, and pragmatic crypto investing.

SeedSeries A

#70Nichanan Kesonpat

Research Principal

1kx

Pre-seedSeedSeries A

#71Qin En Looi