2 VCs and 0 funds investing in Trading Platforms
Managing Director
HongShan
Check: 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.
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 payments, tokenization, consumer applications and open AI; early-stage decisions remain founder-led, with resilience through market cycles, practical utility and strong local-market understanding carrying more weight than hype.
Co-founder
Wintermute Ventures
Check: 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.
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 financial and enterprise technologies across the crypto value chain where its trading, liquidity, governance, integration and treasury expertise can materially accelerate long-term adoption.