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The Venture Codex

Hashed

535 Mission Street, 16th Floor, San Francisco, CA, 94105, United States

Overview

# Hashed: To empower networks and innovators in building the decentralized future. Hashed, based in San Francisco and Seoul, is the largest crypto assets fund and community builder in South Korea. The team was founded by serial entrepreneurs, company operators, and systems engineers, who are passionate about enabling the global adoption of blockchain through education, acceleration and impact investments. Hashed operates Hashed Lounge--a premier blockchain meetup group; Hashed Post--a cryptocurrency blog interviewing founders and thought leaders; and Hashed Night--a world-class conference, events, and networking brand. The team is actively working towards a definition of what it means to be a fundamental technology and founder-focused investment startup in the blockchain ecosystem.

Total investments
95
Lead investments
40
Investments · 12mo
5
Active investors
10

Sector focus

  • Blockchain
  • Cryptocurrency
  • Internet
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Investment portfolio

  • Chance

    Led · Equity · Apr 2026

    Chance Studios Inc. operates a superapp aimed at Pokémon TCG collectors that integrates marketing and sale of physical cards with a purpose-built digital platform for discovering, collecting, trading, and community engagement. The product offers instant liquidity, transparent transactions, and social features such as group chats and shared games to connect collectors. The company was founded and is led by Jun Park and Arvin Dabiri, alongside a team rooted in TCG culture. After launching an open beta, Chance recorded early traction including over $100,000 in trading volume in a single day within two weeks and has generated more than 500,000 Instagram views since November. The business emphasizes building a unified destination where collecting leads to connecting and positions authenticity and community as core differentiators. The recent $3.2M funding round co-led by Makers Fund and Hashed provides fresh capital to support the company's growth and product development.

  • Future Primitive

    Participated · Equity · Apr 2026

    Future Primitive builds Checkpoint, a deliberately simple photo booth that photographs a face, prints the image on receipt paper instantly, and can create a lightweight digital account tied to the moment. Since its commercial launch, Checkpoint has been deployed at more than ninety locations across cities including New York, Los Angeles, Miami, San Francisco, Toronto, Vancouver, Tokyo, Seattle, and Chicago and has been used by over one million people. The company has partnered with brands and cultural institutions such as Nike, Reebok, A24, Universal Music Group, MoMA PS1, LACMA, and the LA Dodgers. Future Primitive keeps a share of brand-funded activations, licenses units to venues, and runs large-scale event installations, though it has not disclosed revenue. The team designs hardware in-house and includes founders with blockchain backgrounds who co-authored ERC-6551; the on-chain layer is used as infrastructure to enable receipts, collectibles, and lightweight wallets tied to attendance. The company operates with about fourteen employees across its New York and Vancouver offices.

  • Oh

    Participated · Series A · Apr 2026

    Oh develops uncensored generative AI models and applications and operates an ecosystem that includes OhChat, an immersive interactive platform featuring AI characters, and the OH token used for governance and platform utilities. The team emphasizes decentralizing AI governance and providing monetization opportunities for creators via interoperable AI characters. The company has raised $12 million to date, including the recent $7.5 million Series A. Coverage does not provide revenue, user counts, or a founding year. Public statements highlight continued product and ecosystem development aligned with its decentralization and creator-monetization goals.

  • Bastion

    Participated · Equity · Sep 2025

    Bastion is a stablecoin-as-a-service provider that equips enterprises and financial institutions with compliant infrastructure for issuing, managing, and transacting in stablecoins. Its end-to-end platform covers issuance, reserve and liquidity management, custodial wallets, and seamless on- and off-ramps, all wrapped in built-in regulatory licensing and compliance tooling. The company positions itself as the trusted partner for global stablecoin issuance and related crypto trading activities, aiming to accelerate the evolution of digital financial products. Strong demand for enterprise-grade stablecoin solutions has driven rapid growth in Bastion’s customer pipeline. To support this expansion, the firm has bolstered its leadership team with senior hires across revenue, treasury, legal, and risk functions. Bastion has raised more than $40 million in total funding, including a recent $14.6 million strategic financing round. The new capital will be used to scale product adoption and deepen relationships with large enterprises and financial institutions worldwide.

  • Kite

    Participated · Series A · Sep 2025

    Kite AI is building a payments network tailored for autonomous AI agents, giving each agent a unique encrypted ID, programmable governance controls, spending limits, and instant settlement via stablecoins. By natively integrating Coinbase’s x402 agent-payment standard, the platform lets agents seamlessly send, receive, and reconcile payments through standardized intent mandates. The company is also working on integrations with major platforms such as PayPal and Shopify so that autonomous agents can discover and use those services. Kite AI positions itself as the core execution and settlement layer for the emerging economy of AI agents, which its founders believe will number in the trillions. Its "Agent Passport" feature ensures every autonomous transaction is secure and verifiable. The firm was founded by AI and data-infrastructure veterans from Databricks, Uber, and UC Berkeley. Financially, Kite AI has secured a cumulative $33 million in Series A funding to accelerate product development and integrations.

Team