The Venture Codex Logo

The Venture Codex

Digital Finance Group

Singapore, Central Region

Overview

Founded in Silicon Valley (2015), Digital Finance Group is headquartered in Singapore and focuses on cryptocurrencies, digital assets and blockchain technology, with a preference for first-class blockchain projects in the United States. Since 2017, DFG accelerated its internationalization by executing its Singapore-centered global market strategy and has successfully become a globally operated company with over 200 employees. DFG is managing over $1B A.U.M. to date, among which, the size of primary market assets is over 300 million USD, and secondary market assets is over 250 million USD. DFG’s portfolio includes early investments such as Bloq, Brave Browser, Ledger X and Circle among others. This group has grown to become part of the world's top blockchain projects, representing the latest developments in blockchain infrastructures, regulated exchanges, ecosystem development and other branch areas. DFG's forward-looking venture vision has enabled significant returns on investment for DFG and its partners.

Total investments
37
Lead investments
9
Investments · 12mo
0
Active investors
4

Sector focus

  • Blockchain
  • Cryptocurrency
  • Venture Capital
  • Web Development
Visit website

Investment portfolio

  • Lens Protocol

    Participated · Equity · Dec 2024

    Lens is a decentralized protocol designed to serve as infrastructure for social and consumer apps; users own their identity and content and apps act as clients to the blockchain. It defines social primitives — accounts, usernames, graphs, feeds, and groups — and supports developer-created rules for access control, token gating, and subscriber-only feeds. Lens v3 is a complete protocol overhaul that moves the stack from Polygon to zkSync and validiums to dramatically lower transaction costs and enable consumer-scale usage. The project powers apps on Lens v2 including Zora, Hey, Kaira, and Orb, and the team aims for interactions to cost roughly as much as cloud server costs so developers can absorb them. Avara announced a $31 million funding round for Lens, and the Lens team plans to launch the Lens v3 mainnet in the first quarter of 2025. Avara founder Stani Kulechov frames the effort around decentralization that gives users more power and enables new revenue-sharing models for creators. Lens Protocol is a decentralized social networking protocol developed by Aave aimed at creating an open, neutral layer for social apps. The protocol focuses on giving users more control over their data and enabling developers to build varied use cases from gaming to social media. Lens has been in beta since May 2022 and so far has granted access to a limited set of users while additional desktop and mobile applications are being built (Orb, Riff, Enso Collective). The team says the roadmap will remain in beta until infrastructure and the ecosystem grow sufficiently to open protocol access more broadly. Lens aims to be a flexible, neutral protocol that shares monetization across contributors rather than being owned by a single incumbent. The protocol raised $15M to expand its ecosystem and continue development; there is no valuation available.

  • Redpill AI

    Led · Seed · Jul 2024

    Redpill is a decentralized AI technology innovation platform that functions as a permissionless LLM router network. The platform provides seamless integration between a variety of AI models. Users can customize their AI interactions and route requests based on performance, cost, or efficiency. Redpill intelligently routes queries to the best-suited large language model. The company recently completed a $5 million seed funding round announced in July 2024.

  • Linera

    Participated · Seed · Aug 2023

    Linera is a San Francisco-based, low-latency blockchain that scales via microchains to bring web2-like scalability to web3 applications. Its architecture removes mempools and minimizes validator interactions to optimize performance and enable horizontal scalability for use cases with many parallel active users, such as retail payments, gaming micro-payments, messaging, proprietary trading, and bridges. The team, led by founder and CEO Mathieu Baudet and COO Bernadette Cay, has made an initial SDK available for Rust developers. Linera raised an additional $6M in Seed funding, bringing total seed proceeds to $12M. The company plans to use the funds to expand its team, launch a devnet and a testnet, foster a strategic presence in the APAC region, and continue growing its developer academy.

  • Earn Network

    Participated · Seed · Jun 2023

    Earn Network provides a no-code solution enabling individuals to leverage secure, audited templates to create custom financial products such as staking or borrowing pools. The platform is self-custodial and peer-to-peer, allowing both parties to transact freely. The network has already developed DeFi Staking and plans to add three more categories: Lending, Liquid Staking, and Native Restaking. It collaborates with projects including Avalanche, Decimal, and Cronos to deliver new use cases for crypto communities. Founded in 2022 and led by CEO Bartek Pozniak, the company is using new capital to expand product offerings and grow its team and community. Earn Network raised $2.7M in Seed funding to support product development, hiring, and relationships with more base layers and projects.

  • Rand App

    Participated · Series A · Apr 2023

    Rand is a web3 neobank created as an alternative to traditional banking to give Gen Z and Millennials tools to manage and grow their savings. Its core products include Prize, which pools yields and redistributes them as prizes (up to €5,000, with 25% of users always receiving returns), and Earn, a savings account that pays a 5.00% annual yield with daily bonuses reflected in the interface. Rand uses AI to make its products more efficient and generates interest by providing liquidity to centralized and decentralized exchanges, then redistributing returns to users. The company has been approved by the Bank of Spain to operate as a crypto-asset service provider. Founder and CEO Pol Martín has been publicly highlighted (Forbes Spain 30under30, 2023). The new capital announced in the press release is intended to finance the company’s initial growth phase, enable a personal IBAN for each user, and support the launch and rollout of the Earn account. Rand is a fintech platform founded in 2021 that enables users—particularly young people—to create or join collective savings groups called “Partys” and compete for the yields generated by those pooled savings. Users lock euros that Rand converts into stablecoins to access decentralized finance (DeFi) protocols and generate returns, which are then awarded by raffle to party winners while participants recover their principal. The app can be used without owning crypto through legally enabled external on‑ramps. Rand positions itself as a hybrid DeFi–fintech product that brings prize‑linked savings to Europe for the first time after similar models in the U.S. The company plans product rollout funded by its recent raise and intends to pursue a further token sale (ICO) to secure additional funding. Current financials disclosed in the article include a fresh €850,000 raise (split between equity and token issuance).

Team

  • Terry Culver

    General Partner, DFG Fund & CEO, Digital Finance Group USA

    LinkedIn
  • James Wo

    Founder & Chairman

    LinkedIn
  • Sophie Wang

    Head of Marketing

    LinkedIn
  • Angela Tong

    CMO