Kelvin Koh

Co-Founder and Managing Partner

Past deals in Smart Contracts

Zkcandy

Seed Round in 2025
Zkcandy is an Ethereum-based game network that focuses on providing gaming software solutions for gaming companies and developers. The company specializes in the development and deployment of three casual-player web games, offering clients innovative Ethereum scaling technologies. Zkcandy emphasizes a user-friendly approach, ensuring that its offerings meet the needs of both developers and players within the gaming ecosystem.

Essential

Series A in 2024
Essential is focused on developing intent-based infrastructure and tools aimed at facilitating the shift from value extraction to intent satisfaction. The company creates core components of intent-centric infrastructure that promote ecosystem-wide composability, ensuring that the intent paradigm is fully realized. This approach seeks to reduce extractive practices while enhancing user satisfaction. Essential's offerings include a domain-specific language for expressing intent and a blockchain protocol centered on intent. Through these innovations, Essential aims to empower clients to navigate and utilize intent-driven frameworks effectively.

API3

Venture Round in 2024
API3 is focused on developing a decentralized API infrastructure that connects blockchain applications with off-chain data providers. The company's platform addresses the API connectivity challenge by utilizing decentralized APIs, which are composed of first-party oracles. This approach allows data providers to operate as their own blockchain oracles, eliminating the need for third-party intermediaries. By aggregating data from reputable API providers through its innovative dAPI framework, API3 enables the creation of decentralized applications that utilize secure, quantifiable data feeds. This infrastructure empowers developers to effectively integrate real-world data into blockchain solutions, enhancing the functionality and reliability of decentralized applications.

Puffverse

Seed Round in 2024
Puffverse is a web2 and web3 gaming universe featuring diverse, whimsical NFT characters like Patty the Dinosaur and Claude the Cloud. Players can collect characters with unique costumes, skills, and bonuses for gameplay, earning, or life simulation.

Merlin Chain

Seed Round in 2024
Merlin Chain offers a native scaling solution.

peaq

Series A in 2024
peaq is a blockchain platform that aims to provide transaction infrastructure for a hyperconnected and decentralized world. It focuses on empowering individuals to own and earn from sectors such as mobility, energy, connectivity, and agriculture. The platform serves as a layer-1 blockchain, functioning as a foundational backbone for decentralized physical infrastructure networks (DePINs) and hosts over 25 applications across 11 industries. With more than 500,000 devices, vehicles, machines, and robots operating on its network, peaq facilitates a permissionless and borderless digital environment. By leveraging its hybrid blockchain technology, peaq enables clients to streamline operations, reduce costs, and explore new revenue opportunities while automating their processes to enhance security and efficiency.

Morph

Seed Round in 2024
Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero-knowledge rollup technology to open up new possibilities in banking, gaming, social media, and entertainment. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, which aligns with several important web3 concepts, including decentralization, censorship resistance, and security.

Kinto

Seed Round in 2023
Kinto is the KYC'ed Layer 2 capable of supporting both modern financial institutions and decentralized protocols.

Pendle Finance

Seed Round in 2023
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields.

Stackr

Seed Round in 2023
Stackr Labs is a company focused on developing app-specific rollups on the Ethereum blockchain, utilizing web2 programming languages. It aims to create standalone customizable applications that leverage the benefits of rollups for distributed computing. By specializing in the efficient integration of off-chain data sources, such as social graphs, user credit scores, and KYC and identity systems, Stackr Labs enables users to access and utilize data seamlessly. The company's innovative approach seeks to unlock the potential of rollups, enhancing the functionality and performance of decentralized applications.

DFlow

Seed Round in 2023
DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

MSafe

Seed Round in 2023
MSafe develops a multi-signature, non-custodial digital assets management solution built on Move. They focus on true decentralization, enhanced security, and full interoperability.

Celestia

Series A in 2022
Celestia is a modular blockchain network provider that facilitates the deployment of decentralized blockchains without the complexities of establishing a new consensus network. Founded in 2019 and based in Vaduz, Liechtenstein, the company offers a scalable data availability layer designed for decentralized applications and trust-minimized sidechains. This platform allows application developers to optimize data storage efficiently while enabling collective storage of block data. Through its innovative approach, Celestia aims to simplify blockchain development and enhance the scalability of decentralized solutions.

Shardeum

Seed Round in 2022
Shardeum is a decentralized blockchain platform that focuses on enhancing transaction speed and efficiency through a technique known as sharding. By partitioning the network into multiple shards, Shardeum enables the processing, verification, and validation of transactions in parallel, which significantly increases the number of transactions per second as more nodes are added to the network. This innovative approach ensures that transaction costs remain low while maintaining a high level of security and true decentralization. Shardeum's linearly scalable architecture allows it to adapt to growing demand, making it an attractive solution for organizations that prioritize scalability, security, and decentralization in their blockchain applications.

Tapio Protocol

Seed Round in 2022
Tapio Protocol is a synthetic asset protocol that unifies different formats of staking and crowdloan derivatives into an efficient standard. Tapio is powered by the Stable Asset system, which enables efficient trading while minimizing risk by utilizing uniform, closely pegged assets with stable swaps and stable asset capabilities.

Sherlock

Seed Round in 2022
Sherlock Protocol is an audit marketplace and smart contract coverage protocol built on the Ethereum blockchain. Sherlock Protocol focus on protection of Decentralized Finance (DeFi) users from smart contract exploits with security reviews from top auditors backed by smart contract coverage on the audited contracts.

Unlockd

Seed Round in 2022
Unlockd is a decentralized financial platform that aims to enhance the financial potential of digital assets, particularly non-fungible tokens (NFTs). By implementing a pooled liquidity model, the platform enables NFT holders to secure instant loans against their assets while retaining the ability to use them. This approach allows users to maximize the return on their NFTs, facilitating wealth accumulation in the decentralized finance (DeFi) space. Unlockd's innovative services support individuals in achieving greater financial freedom by leveraging the full value of their digital assets without sacrificing their utility.

Contango

Seed Round in 2022
Contango is a decentralized protocol that focuses on providing perpetual futures atop money markets. It operates a decentralized exchange designed to facilitate expirable futures without the need for order books or liquidity pools. By leveraging existing decentralized finance (DeFi) protocols, Contango enables fixed-rate lending and borrowing. The platform also supports physical delivery and minimizes price impact for larger trades, allowing traders to effectively hedge their positions and manage their costs. Through these innovations, Contango aims to enhance trading efficiency and accessibility within the decentralized finance ecosystem.

CLST

Seed Round in 2022
CLST is focused on creating a global network that connects institutional borrowers and lenders in the short-term digital assets debt market, referred to as the New Money market. The company aims to serve as a gateway for uncollateralized lending, specifically targeting stablecoins and cryptocurrencies. By facilitating bilateral price negotiation and settlement, CLST's platform enables institutional adoption of digital assets, bridging the gap between traditional finance and crypto-native institutions. Through its innovative approach, CLST is positioned to enhance liquidity and market efficiency within the emerging landscape of digital asset finance.

Coinshift

Series A in 2022
Coinshift offers a treasury management platform tailored for businesses and decentralized autonomous organizations to efficiently manage their cryptocurrency assets. The platform facilitates collaboration among users, enabling them to approve transactions and execute mass payouts seamlessly. Coinshift's comprehensive solution encompasses cash management, asset management, risk management, and reporting, ensuring users have a secure and transparent way to oversee their digital assets. Additionally, the platform supports data encryption and provides tools for diversification and allocation of idle treasury funds across various decentralized financial protocols, enhancing the overall management and security of cryptocurrency holdings.

Zecrey

Angel Round in 2022
Zecrey is a Singapore-based company founded in January 2021 that focuses on enhancing blockchain accessibility for businesses and consumers while prioritizing privacy and security. The company has developed a layer 2 cross-chain protocol utilizing zkRollup technology, which enables secure management, swapping, and bridging of assets across multiple blockchain networks. By leveraging zero-knowledge proofs, Zecrey facilitates private transactions, thereby safeguarding users' ownership of their assets. The protocol aims to lower the barriers to entry in the blockchain space, making it easier for a wider audience to engage with decentralized technologies.

Spin

Seed Round in 2022
Spin, founded in June 2021, is a developer of a multichain decentralized exchange (DEX) platform focused on derivatives trading, specifically futures and options. Operating on the NEAR Protocol and Solana blockchains, Spin aims to deliver a user experience comparable to centralized exchanges by utilizing a central limit order book execution model combined with a liquidity pool. The platform offers traders advanced risk management and strategy-building tools, enhancing the efficiency and accessibility of trading for a wide range of users.

Airwaive

Seed Round in 2022
Airwaive is a company that facilitates connections between wireless service providers and property owners, including both residential and commercial spaces. By leveraging blockchain technology, Airwaive aims to decentralize wireless broadband networks, enhancing affordability and accessibility for users. The company assists in the establishment of access points for wireless networks, which supports the development of small cell networks. This approach allows property owners to monetize their land and services by hosting wireless hotspots, thereby generating additional revenue while contributing to improved wireless connectivity in their areas.

Galxe

Series A in 2022
Galxe is a prominent Web3 credential data network that provides a collaborative infrastructure for brands and developers to engage communities and create innovative products in the decentralized web. The company offers a modular platform that facilitates the creation, distribution, and gamification of non-fungible tokens, utilizing customized on-chain data. By rewarding curators for the use of credentials within its infrastructure and credential oracle engine, Galxe fosters a participatory environment where developers and community members can construct engaging experiences. Its platform allows for the development of tailored campaigns through plug-and-play modules, enhancing the capability of users to interact with decentralized credential data networks effectively.

Hubble Protocol

Venture Round in 2022
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

CharmVerse

Funding Round in 2021
CharmVerse is a blockchain-based platform designed to facilitate coordination among contributors in decentralized autonomous organizations (DAOs). It offers an all-in-one workspace that integrates various functions, including task management, document organization, and bounty tracking. By connecting contributors, projects, and documentation, CharmVerse enables users to efficiently manage daily operations and enhance collaboration. The platform streamlines processes, allowing developers to focus on their work while also providing opportunities to earn NFTs as part of their engagement.

Gear Technologies

Series A in 2021
Gear Technologies is a technology company focused on creating a Substrate-based smart contract platform that facilitates the development and deployment of decentralized applications (dApps). By contributing to the Gear Protocol, which is supported by the Gear Foundation, the company enhances Web3 capabilities while maintaining a user experience akin to Web2. Gear Technologies aims to streamline the process for developers, offering a low barrier to entry that minimizes both financial and time investments. This approach enables clients to build and deploy dApps on the blockchain quickly and efficiently, with improved speed, security, and automation in smart contract development.

ConsenSys

Series C in 2021
ConsenSys, founded in 2015 by Joseph Lubin, is a leading Ethereum software company focused on Web 3.0 development. It provides a comprehensive suite of products, including Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, which enable developers, enterprises, and individuals to create next-generation applications and modern financial infrastructure while accessing the decentralized web. The platform offers essential tools and libraries for building and scaling decentralized applications, facilitating interaction with blockchain networks and smart contracts. ConsenSys also emphasizes education through ConsenSys Academy, which aims to bridge the Ethereum knowledge gap globally. By supporting billions of blockchain-based queries and managing significant digital asset transactions, ConsenSys plays a pivotal role in fostering the broader adoption and integration of blockchain technology, contributing to the development of the digital economy of the future.

nameless

Seed Round in 2021
StealthTest provides a comprehensive sandbox for battle-testing Web3 experiences within private, secure and isolated testing environments.

Manta Network

Seed Round in 2021
Manta Network is focused on creating a secure and interoperable digital ecosystem utilizing Zero-Knowledge technology. It operates a decentralized exchange platform designed to safeguard user privacy and prevent activity tracking. The platform is built on substrate frameworks, offering an easy-to-use and secure protocol that ensures end-to-end anonymity. With capabilities for high throughput and cross-chain interoperability, Manta Network provides customers with a reliable environment for exchanging data securely.

Manta Network

Seed Round in 2021
Manta Network is focused on creating a secure and interoperable digital ecosystem utilizing Zero-Knowledge technology. It operates a decentralized exchange platform designed to safeguard user privacy and prevent activity tracking. The platform is built on substrate frameworks, offering an easy-to-use and secure protocol that ensures end-to-end anonymity. With capabilities for high throughput and cross-chain interoperability, Manta Network provides customers with a reliable environment for exchanging data securely.

Taker Protocol

Seed Round in 2021
Taker Protocol is a cryptocurrency liquidity protocol focused on non-fungible tokens (NFTs). The protocol optimizes the liquidation of NFT assets through a quote-by-lock-in pricing mechanism. This approach enables asset holders to borrow stablecoins while facilitating cross-chain bridges that connect different public blockchain networks. By enhancing the efficiency of asset transfers, Taker Protocol aims to broaden application scenarios for its clients, thereby improving the overall liquidity and usability of NFT assets in the market.

Visor Finance

Seed Round in 2021
Visor Finance operates a decentralized platform that focuses on active liquidity management within the decentralized finance sector. Its platform enables users to leverage smart vaults for liquidity mining and asset management across various decentralized finance protocols and exchanges. By facilitating the implementation of strategies for reinvesting fees and distributing protocol revenue, Visor Finance aims to help users maximize their returns while minimizing the risks associated with impermanent loss. This innovative approach positions Visor Finance as a key player in enhancing user engagement and profitability in the rapidly evolving DeFi landscape.

ClayStack

Seed Round in 2021
ClayStack is the next-generation blockchain-agnostic staking protocol that enables users to unlock the power of staked digital assets in the form of liquid staking derivative tokens.

Coinomo

Seed Round in 2021
Coinomo is a blockchain firm that operates an investment platform designed for seasoned cryptocurrency investors. The platform offers a range of curated investment products, including cryptocurrency pairs and various yield products, allowing users to engage with decentralized finance (DeFi) offerings more efficiently. Coinomo provides a custodial wallet that simplifies the investment process, enabling users to invest or trade with minimal manual steps. This streamlined approach allows investors to earn passive income on their crypto deposits by selecting from diverse DeFi investment plans tailored to their individual risk preferences.

Zapper

Series A in 2021
Zapper is a financial technology platform that simplifies the management of decentralized finance (DeFi) assets through a user-friendly interface. It caters to both newcomers and experienced investors by offering streamlined access to DeFi lending, automated yield farming, and liquidity provision through its unique shortcuts known as Zaps. The platform enhances cryptocurrency asset management by leveraging the principles of open finance, allowing users to efficiently deploy and manage their buy and sell positions while actively participating in the DeFi ecosystem.

Pendle Finance

Seed Round in 2021
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields.

BENQI Corpo

Funding Round in 2021
Developed by an experienced team of blockchain designers, BENQI is a protocol to unlock greater liquidity within the defi market. BENQI enables defi users to make their assets work harder to generate additional yield. Built on Avalanche’s high speed smart contract network, BENQI will evolve into a cross-chain defi hub that’s positioned at the heart of decentralized finance.

Enso Finance

Venture Round in 2021
The world's first intent engine powering the intent-centric future. A layer-1 tendermint-based blockchain, storing state from EVM, SVM, and MVM chains to enable execution on all blockchain frameworks.

Benqi

Private Equity Round in 2021
BENQi is built on Avalanche combining elements of defi and tradfi to create a liquidity protocol. BENQi aims to bridge Ethereum, Polkadot, and Binance Smart Chain through Avalanche's subnets by becoming a cross-chain defi.

Delta Exchange

Initial Coin Offering in 2021
Delta Exchange is a cryptocurrency derivatives exchange that specializes in a diverse array of trading products, including futures, perpetual contracts, options, interest rate swaps, and calendar spreads. Recognized as a leading player in options trading, Delta holds a significant market share globally, particularly with USDT settled options on various cryptocurrencies such as Bitcoin, Ether, Solana, BNB, and Matic. The platform caters to both retail and institutional traders, offering advanced features like multiple margin modes, a strategy builder, and basket orders. These capabilities enable users to execute trades efficiently and capitalize on various market strategies within a trusted trading environment.

Apwine

Seed Round in 2021
Apwine is a decentralized finance protocol that focuses on tokenizing and trading future yield generated by various DeFi protocols. By enabling the speculation and hedging of passive revenue, Apwine allows liquidity providers to implement innovative strategies while offering traders tools to capitalize on market volatility. Through its platform, users can convert their yield into futures, facilitating new opportunities for borrowing and leveraging assets. This approach not only enhances the ability to manage risk but also fosters a dynamic environment for trading within the DeFi space.

SIREN

Seed Round in 2021
SIREN is a distributed protocol creating a decentralized blockchain exchange for options trading on Ethereum. The company is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on-chain. It allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time. SIREN was founded in 2020 and is based in San Francisco, CA.

dYdX

Series B in 2021
dYdX is a decentralized exchange that provides traders with a secure and efficient platform for various financial activities. Established in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on audited smart contracts on Ethereum, ensuring transparency and security without relying on a central authority. The platform offers a range of trading options, including perpetual, margin, and spot trading, along with borrowing and lending pools. Users can earn interest on deposits or take loans at nominal fees, enabling them to trade on margin with customized leverage. dYdX aims to create an open financial system, granting users access to vital financial tools while facilitating fully collateralized loans for short-selling.

1inch Labs

Series A in 2020
1inch Labs is a developer of a decentralized finance platform that aggregates multiple decentralized exchanges across various blockchains. Founded in 2019 and based in the United States, the company focuses on enhancing the efficiency of cryptocurrency trading. Its suite of protocols, including the 1inch Aggregation Protocol, 1inch Liquidity Protocol, and 1inch Limit Order Protocol, work together to facilitate cost-effective and secure swap transactions. This integration allows users to access better rates than those available on individual exchanges, thereby optimizing their trading experience in the decentralized finance sector.

SIREN

Seed Round in 2020
SIREN is a distributed protocol creating a decentralized blockchain exchange for options trading on Ethereum. The company is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on-chain. It allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time. SIREN was founded in 2020 and is based in San Francisco, CA.

Horizon Finance

Seed Round in 2020
Horizon Finance is a platform dedicated to decentralized interest rate and protocol cash flow markets. It enables users to deposit their assets with either fixed or floating interest rates, providing a unique opportunity to compete for preferential payment by capping their yield. The platform offers a trading toolkit for participants in the decentralized finance ecosystem, facilitating engagement with key yield streams while rewarding users for their participation. Through its innovative approach, Horizon Finance aims to enhance user experience in managing and optimizing financial returns.

Band Protocol

Seed Round in 2019
Band Protocol is a decentralized blockchain protocol that serves as a cross-chain data oracle platform, designed to connect real-world data and APIs with smart contracts. Founded in 2017 and based in Tortola, British Virgin Islands, it addresses the challenge of blockchains being unable to securely access external data. By providing reliable data access without central points of failure, Band Protocol enhances the functionality of smart contracts, facilitating the development of decentralized applications such as decentralized finance (DeFi), prediction markets, and gaming. The platform enables the creation of tokenized marketplaces and supports the introduction of both real-world products and new digital assets, including rare digital collectibles.

Agoric

Agoric is a developer of a framework designed to enhance the programming of smart contracts for the blockchain ecosystem. The platform facilitates the creation and deployment of smart contracts using JavaScript, making it accessible to millions of programmers. By emphasizing composability, Agoric enables rapid development and offers a competitive advantage in creating decentralized applications. Its framework allows for secure execution of transactions, the establishment of new markets, and the creation of innovative exchange patterns without centralized control. The Agoric team comprises experienced technologists, economists, and business leaders who have collaborated on smart contracts technology for over three decades. They aim to revolutionize how smart contracts are developed and utilized, fostering unprecedented global cooperation and enabling entrepreneurs to explore new business opportunities with digital assets. Agoric has partnered with notable projects within the blockchain space and received support from various investors, further solidifying its mission to advance smart contract technology.

Maverick Protocol

Maverick Protocol is a developer of a decentralized crypto derivatives platform that aims to create open, transparent, and efficient markets accessible to all users. The protocol is built on a decentralized finance (DeFi) infrastructure designed to facilitate highly liquid markets through its innovative automated market maker (AMM) system. Maverick Protocol offers users the ability to trade and stake any asset pair with low fees, fast execution, and enhanced capital efficiency. The platform prioritizes safety and security, allowing for permissionless trading of perpetual contracts backed by mid-cap tokens. Ultimately, Maverick Protocol seeks to provide a seamless ecosystem for traders while promoting financial inclusivity within the decentralized finance landscape.
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