Saison Capital launches US$50 million blockchain investment fund
Onigiri Capital has secured US$35 million in commitments from financial institutions in Asia and the US
[SINGAPORE] Saison Capital, the venture arm of Japan’s Credit Saison, has launched Onigiri Capital, a US$50 million blockchain investment fund.
The fund has secured US$35 million in commitments from financial institutions in Asia and the US.
Onigiri Capital will focus on startups building real-world asset solutions across stablecoins, payments, tokenised assets, decentralised finance and financial markets infrastructure.
The fund will be run by Looi Qin En, partner at Saison Capital, and Hans de Back, managing partner at Onigiri Capital.
Looi said: “The centre of gravity for real-world asset innovation is shifting, and Asia’s role is growing at an exponential rate.”
The fund is looking to tap the growing adoption of blockchain technology at the institutional level, with BlackRock and Goldman Sachs, as well as MUFG and Bank of China integrating blockchain into their finance infrastructure.
“We’re here to complement existing product investors by offering founders the best of both worlds – Silicon Valley’s innovation combined with Asia’s institutional validation – and provide the expertise needed to originate high-quality solutions that meet institutional, global finance standards,” said de Back.
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