Led · Series A · Apr 2026

Hata operates as a dual-licensed cryptocurrency exchange in Malaysia, marketing itself with a 0% maker fee structure and a focus on Shariah-compliant assets. The company reported RM1.04 billion in transaction volume in 2025, a cited indicator of its existing scale. Hata's strategy targets Malaysia's high digital-asset-ownership market, where roughly 20% of the population holds digital assets, and benefits from regional liquidity dynamics noted in the article. Following the $8 million Series A led by Bybit, Hata plans to deploy capital to strengthen liquidity, accelerate user acquisition, and develop new digital asset products. The exchange's regulatory positioning as the only dual-licensed platform is presented as a competitive moat, though the company faces risks from potential new entrants and regulatory changes.

Participated · Seed · Oct 2025

Printr is an operating omnichain launchpad that supports token launches across 69-plus chains, including Solana, Base, and BNB, and has climbed to third place among Solana-based launch platforms. The platform earns fees from every launch and distributes those fees to stakers in real SOL via its $BELIEF staking token, having paid out over 2,100 SOL to date. Printr is issuing $PRINT as its governance and utility token, distinct from $BELIEF, and has opened a public community sale to give retail users direct ownership. The project was incubated by Bybit Ventures Studio and previously raised $4.5 million in institutional funding across pre-seed and seed-extension rounds. Printr’s current positioning emphasizes regulatory engagement (KYC via Sonar) and growth of total throughput as the path to increasing fee revenue and token value.

Participated · Series A · Feb 2025

Founded in 2024, Plasma focuses on infrastructure for stablecoins and initially worked on stablecoin yield strategies and cross‑chain bridging solutions. The company is developing a Bitcoin‑secured sidechain using an Reth‑based EVM and a proprietary PlasmaBFT consensus mechanism to deliver sub‑second finality and high throughput. Core capabilities highlighted include zero‑fee USDT support, intents‑based bridging for interoperability, and security anchored in Bitcoin proof‑of‑work. Plasma’s testnet went live in late 2025 and the team targets mainnet upgrades in Q2 2026 to enable scalable issuance and transfers. The platform positions itself to handle very large on‑chain stablecoin value and has announced partnerships, such as with NEAR Protocol, to address payments, remittances, and merchant settlement use cases. The recent $24 million funding round provides the capital to accelerate product development and broader ecosystem integration.

Participated · Safe · Feb 2024

Ethena is a DeFi protocol built around USDe, a yield-bearing synthetic dollar that combines stablecoin demand with derivatives-based hedging strategies to generate yield. The protocol also issues a governance token, ENA, which recently received a strategic investment from Janus Henderson. Ethena has grown into one of the larger DeFi platforms, managing about $5 billion in assets after reaching roughly $15 billion during last year’s market rally. The company has been deepening ties with traditional finance through partnerships and investments, including deals with Coinbase Ventures and Anchorage Digital. Ethena is being considered by institutional partners for treasury cash allocation and potential distribution of USDe via exchange-traded investment products.

Participated · Equity · Apr 2023

P2P.org is a staking service provider whose existing offering focuses on direct holders and is developing a new infrastructure platform aimed at intermediaries. The company raised $23 million from Jump Crypto, Bybit, and Sygnum. It says it will use the funding to develop blockchain infrastructure that enhances the user experience in staking and to research and develop expansion initiatives. P2P.org is positioning its product roadmap to capitalize on the Shanghai (Shapella) upgrade to the Ethereum network, which enables withdrawals of staked assets. The upgrade is expected to increase liquidity and heighten institutional interest in Ethereum, which P2P.org aims to capture with its institutional-focused offering.