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The Venture Codex

Ascensive Assets

10 Gukjegeumyung-ro, Yeongdeungpo-gu, 24F, TwoIFC Seoul, Seoul, 07326, South Korea

Overview

Ascensive Asset is a private investment firm focusing solely on digital assets industry

Total investments
16
Lead investments
2
Investments · 12mo
0
Active investors
0

Sector focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • FinTech
  • Impact Investing
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Investment portfolio

  • Switchboard

    Participated · Series A · May 2024

    Switchboard operates an oracle platform that gives developers full control over the data they import to blockchain applications, allowing them to configure bespoke oracle networks or tap into pre-built feeds for common use cases. Its permissionless architecture and on-demand model enable latency-sensitive users to call up just-in-time data feeds, improving efficiency and security for decentralized applications. Since launching in June 2021, the platform has attracted more than 100,000 users and secured over $2 billion in total value. Led by CEO Chris Hermida, the company emphasizes customization and scalability to support a wide range of Web3 projects across multiple chains. With its latest capital infusion, Switchboard plans to expand operations and accelerate product development, broadening both its oracle catalog and developer tooling. The $7.5 million Series A round brings additional resources to deepen partnerships with layer-1 ecosystems such as Solana, Aptos, Sui, and Starknet. Although revenue figures were not disclosed, the company’s traction metrics underscore growing demand for flexible oracle solutions within the on-chain economy.

  • Nest Wallet

    Participated · Equity · Feb 2024

    Nest Wallet is a multichain mobile crypto wallet positioned as similar to Robinhood for crypto. It supports key and biometric signing on mobile devices and has integrated with DexScreener and Birdeye. The wallet has joined the Blast ecosystem. The company completed a $3.6M financing, providing fresh capital for growth. Notable individual and institutional backers participated in the round. Earlier this year its cofounder Bill Lou lost $125,000 in a fake LFG phishing scam, a notable security-related incident for the team to address.

  • Rysk Finance

    Participated · Seed · Jan 2023

    Rysk Finance is a London-based on-chain market maker focused on DeFi derivatives. Its signature product, the Dynamic Hedging Vault (DHV), is a dynamic self-governing options AMM that trades options to generate uncorrelated returns for liquidity providers. The company says DHV resolves industry complexity around generating higher returns per unit of risk for liquidity providers. Rysk raised $1.4M in a pre-seed round to enhance platform security, drive engineering and research, and expedite the launch of Rysk Beyond, an advanced decentralized market maker protocol for options trading. The team is led by Dan Ugolini. Rysk’s stated mission is to expedite DeFi risk maturity while expanding adoption of sustainable yields.

  • Encode Club

    Participated · Seed · May 2022

    Encode Club runs hands-on developer programs—coding bootcamps, hackathons, accelerators, workshops and live AMAs—both in-person and online to onboard engineers into Web3. The company educates developers on partner protocols, scouts engineering talent for companies, and provides funding and mentorship to promising startups that emerge from its programs. Encode Club works with many leading protocols (including Algorand, Avalanche, Chainlink, Dfinity, Filecoin, Near, Polkadot, Polygon, Solana, Tezos and The Graph) and offers AMAs with industry leaders. The company says over 15,000 developers took part in its programs last year, and it projected growth to over 100,000 developers in 2022 across more than 100 programs. To date more than 60 now-privately funded companies and protocols have gone through Encode Club’s programmes, including 0xmons, Euler and Reflexer Labs. Founded in 2020 and bootstrapped for two years by Anthony Beaumont and Damir Bandalo, Encode Club intends to scale its global training and onboarding efforts.

  • Snackclub

    Participated · Seed · Apr 2022

    Snackclub secured $9M in seed funding to launch a decentralized autonomous organization (DAO) aimed at reimagining ownership in gaming. The company plans to source, educate, and build a community of active gamers by mobilizing LOUD’s combined audience of 300M+ followers across social platforms. Snackclub will focus on content and media aligned with LOUD’s gaming lifestyle brand while introducing new games, currencies, and developers to the community. Over time users will inform strategic decisions about which game concepts to lift and the mechanics behind each game’s economy, and once titles launch Snackclub expects to mobilize audiences to populate games and mine for high-liquidity assets. Current priorities include nurturing its 30-person team, establishing governance, cementing its investment thesis, and conducting due diligence on priority investment prospects. The DAO intends to operate under a community leadership structure that allows fans aged 18+ with internet access to participate and vote on major decisions.

Team

No current team members are available.