Crypto/Web3

CMT Digital

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

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 infrastructure that connects real-time local rails with stablecoins while directly owning licensing, liquidity, compliance, and settlement complexity.

CMT Digital

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

Hallene takes a generalist, early-stage approach within blockchain, spanning DeFi, stablecoins and payments, DePIN, sector-specific chains, and core infrastructure. Public interviews emphasize portfolio construction, long-term founder relationships, and the conviction that more global financial activity will move onto blockchain rails.

HashKey Capital

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

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, stablecoins, and AI, with especially strong interest in DePIN and real-world-asset tokenization, as well as Ethereum and Layer 2 ecosystems.

CMT Digital

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

Sandor invests in early-stage blockchain companies at CMT Digital. His public commentary on D2X emphasizes regulated, institution-ready market infrastructure: regulatory clarity, trusted venues, resilient 24/7 trading architecture, and products that let traditional institutions participate in digital assets with confidence.

CMT Digital

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

Casto brings a trading, derivatives, risk-management, and regulatory lens to CMT Digital's early-stage blockchain strategy. CMT's approach backs founders accelerating blockchain adoption, with particular institutional depth in market infrastructure, digital-asset trading, and regulated financial services.

HashKey Capital

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

Mai brings a full-cycle view of digital-asset investing, spanning venture portfolio development, ecosystem building, and liquid-fund management. Her recent public activity centers on decentralized AI and compute, autonomous agents, specialized models, Web3 infrastructure, regulated on-chain assets, and helping portfolio companies navigate the path from early ecosystem formation to liquid markets.

Halo XYZ

At Halo Capital, Howard backs early-stage companies across the pillars of the digital asset economy. Public descriptions of the firm emphasize a research- and data-driven approach, with interest spanning Bitcoin and broader crypto infrastructure through to areas like decentralized AI.

Blockwall VC

At Blockwall, Armani invests within a pre-seed and seed Web3 strategy focused on the infrastructure and applications shaping a transparent, secure digital future. His profile and writing point to particular strength in tech-heavy opportunities, including DeFi, market structure, and Blockwall's AI and data-driven investing efforts.

Kindred Ventures

San Francisco, CA, USA