Coinbase Ventures — 2025 Investments

Codex provides institutional fiat-to-stablecoin and stablecoin-to-fiat conversion, letting businesses swap currencies like USD, EUR, and GBP into USDC and USDT through a single counterparty with wholesale FX rates and local settlement.

Crypto & Web3Fintech

Haonan Li(Founder)Momo Ong(Founder)Victor Yaw(Founder)

Co-investorsDRDragonflyWIWintermuteCICircle VenturesMIMirana VenturesREReverieCICircle & Co.+3 more

Digital Asset (DA) is the creator of the Canton Network, a privacy-enabled blockchain for global financial markets that supports tokenization of real-world assets and connects traditional and decentralized finance.

Crypto & Web3Enterprise SoftwareFintechNew York, US

YRYuval Rooz(Co-Founder & CEO)inESEric Saraniecki(Co-Founder & Head of Network Strategy)SKShaul Kfir(Co-Founder)inJuan Lorenzana(Executive Officer)inEdward Lawrence Janulis(Executive Officer)

Co-investorsALAlumni VenturesR1R136 VenturesSMSmash CapitalA1a16z cryptoBNBNP ParibasBRBroadridge+25 more

Noice builds crypto-based tools connecting social attention to money, including a microtransaction protocol on Farcaster that turns likes and follows into on-chain payments, an agent (Oracle) that lets users buy tokens by liking tweets on Base and Solana, and a permissionless launchpad for founders to tokenize startups.

Creator EconomyCrypto & Web3Fintech

Co-investorsBABalaji SrinivasanSUSupercell

Ubyx is building a clearing and acceptance network for tokenized money and stablecoins, aimed at banks, payment providers, and financial institutions.

Cloud ComputingCrypto & Web3Enterprise SoftwareFintech

TMTony McLaughlin(CEO & Founder)inASArafat Sheik Jabbar(Product Director)inDPDarko Pilav(Chief Technology Officer)inDBDeborah Barta(Chief Growth Officer)inEAElsie Akinsanya(Chief People Officer)inIHIan Horne(Chief Marketing Officer)in

Co-investorsFOFounders FundVAVanEckMIMirana VenturesGAGalaxy VenturesGRGreycroftLALayerZero Labs+1 more

XFX operates a liquidity layer that provides unified fiat and stablecoin liquidity with intelligent routing and near-instant settlement, letting institutions trade across fiat and stablecoin pairs without pre-positioning capital.

Crypto & Web3Data & InfrastructureFintechMiami, US

SASantiago Alvarado(Co-founder & CEO)in

Co-investorsCACastle Island VenturesHAHaun VenturesOAOak HC/FTMAMAYA CapitalMAMAYA Capital VenturesPAPaxos

Architect provides live migration and hibernation technology for stateful Kubernetes pods running on spot instances, enabling cost reduction of up to 90% compared to on-demand pricing without dropping connections or losing data.

Cloud ComputingDeveloper Tools

Co-investorsALAlumni VenturesCOComcast VenturesNENext Coast VenturesGAGalaxy VenturesKIKindred VenturesSTStrobe Ventures+2 more

Architect Financial Technologies develops proprietary software and trading platforms for futures, options, and securities trading.

Crypto & Web3Fintech

Co-investorsTITioga Capital PartnersTWTwelve BelowGAGalaxy VenturesSTStrobe VenturesTHThird Kind Venture CapitalTQTq Ventures Llc+1 more

Chicago fintech building institutional trading technology, US brokerage services and AX, a perpetual futures exchange on traditional assets.

Chicago, US

Brett Harrison(Founder)in

BoardJohn Smollen(Director)Venu Palparthi(Director)Steven Venino(Director)Karista Vaeth(Director)

Co-investorsCICircle VenturesPAParaFi CapitalPAParafi General FundSOSolari CapitalGAGalaxy VenturesMOMotivate Venture Capital+7 more

Bankless is a global community providing educational content and resources to help users navigate and understand cryptocurrency and blockchain technology.

Crypto & Web3Media & Entertainment

Co-investorsBABankless VenturesANAndreessen HorowitzBABain Capital CryptoBRBrevan Howard DigitalCACapitalGCOCoatue Management+6 more

Bastion provides stablecoin issuance infrastructure with compliance and security features, enabling institutions to launch USD-backed stablecoins with customizable issuer models.

Crypto & Web3Data & InfrastructureFintech

Caroline Friedman(Founder)Nassim Eddequiouaq(Founder)Riyaz Faizullabhoy(Founder)

Co-investorsA1a16z cryptoANAndreessen HorowitzCOCogitent VenturesHAHashedSASamsung NextSASancus Ventures+12 more

Billy Bets builds AI-based market making technology for sports prediction markets.

AI & Machine LearningFintechSports Tech

Joseph O'Rourke(Founder)in

Co-investorsHAHartmann Capital

Blackbird Laboratories is a nonprofit life sciences incubator that translates university research breakthroughs into venture-ready biotech companies focused on developing new medicines and enabling technologies.

BiotechDeep TechBaltimore, US

BLBen Leventhal(Executive Officer, Director)inMTMatt Tremblay, PhD(Chief Executive Officer)inECEddie Cherok, PhD(Chief Business Officer)in

BoardFWFred Wilson(Director)inMKMo Koyfman(Director)inMarguerite Mariscal(Director)

Co-investorsUNUnion Square Ventures (USV)UNUniversity System of Maryland Momentum FundAMAmex VenturesANAndreessen HorowitzBRBrooks ReitzCICircle Ventures+6 more

Blackbird is a restaurant loyalty, membership and payments platform with a consumer dining-rewards app built on blockchain rails.

BLBen Leventhal(Founder)inCarsten Lund Hansen(Founder)Martin Assenholm Nielsen(Founder)Michael Damsgaard Jensen(Founder)

Co-investorsA1a16z cryptoANAndreessen HorowitzCICircle VenturesMIMischiefMUMulticoin CapitalQEQED Investors+8 more

Block Earner is an Australian fintech offering crypto-backed AUD loans, a cryptocurrency exchange for buying and selling 350+ coins, a cash account, SMSF, and OTC services.

Crypto & Web3FintechSydney, AU

CKCharlie K.(Founder)inCKCharlie Karaboga(Co-founder, CEO)Jordan Momtazi(Co-founder)

Co-investorsDIDigital Currency GroupDIDivergenceKIKing River CapitalLOLongHash VenturesCMCMCC GlobalFRFramework Ventures

Cascade is a strategy execution platform that helps organizations turn long-term corporate strategy into actionable goals across teams, with AI-powered executive summaries and reporting to track progress.

AI & Machine LearningEnterprise SoftwareSaaSNew York City, US

TWTom Wright(Founder)in

Co-investorsONOneVenturesTETelescope PartnersA1A16Z SpeedrunADAda VenturesARArchetypeBLBlitzscaling Ventures+5 more

Cascade was a no-code data platform that let non-technical business analysts import, transform, and combine large datasets and present findings through interactive data apps.

Data & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Jon(Co-founder)Jake Fuentes(Founder)in

Co-investorsEXExpaNANat TurnerOCOctaveA1A16Z SpeedrunADAda VenturesARArchetype+2 more

Catena is building a financial institution for AI agents, combining a technology platform with a national trust bank that lets agents transact under human-defined policies with deterministic policy enforcement, audit trails, and verifiable agent identity.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

SNSean Neville(Founder)inMVMatt Venables(Founder)inBrice Stacey(Founder)

Co-investorsA1a16z cryptoACAcrew CapitalANAndreessen HorowitzBRBreyer CapitalCICircle VenturesOAOak HC/FT+10 more

Catena is building a regulated national trust bank combined with a technology platform specifically for AI agents, enabling compliant transactions under human-defined policies.

AI & Machine LearningEnterprise SoftwareFintech

SNSean Neville(CEO)Matt Venables(CTO)

Co-investorsCOCoinFundA1a16z cryptoBABalaji SrinivasanBRBreyer CapitalCICircle VenturesKEKevin Lin+1 more

CipherOwl provides AI-powered security and compliance infrastructure for institutional stablecoins and digital assets, automating screening, investigation, and regulatory reporting across blockchain networks.

AI & Machine LearningCrypto & Web3CybersecuritySan Francisco, US

LLLeo Liang(Founder)inMing Jiang(Founder)in

Co-investors5757Blocks CapitalFLFlourish VenturesGEGeneral CatalystPRPredictive VCSASancus VenturesAMAME Cloud Ventures+2 more

Clearing is a payments platform that processes transactions across multiple asset classes, including fiat and digital assets.

Crypto & Web3Enterprise SoftwareFintech

Co-investorsBEBessemer Venture PartnersCOCompoundCUCursor CapitalHAHaun VenturesRURubikUNUnion Square Ventures (USV)

Burst (Cloudburst) provides a platform for collecting, enriching, and scoring intelligence data with an entity graph, serving AML/compliance and financial intelligence teams at banks, exchanges and fintechs, as well as threat intelligence, national security, and fraud/investigations teams.

AI & Machine LearningCybersecurityData & InfrastructureFintechGovTechNew York, US

EKEvan Kohlmann(Founder)in

BoardHTHank Thomas(Director)in

Co-investorsBLBloccelerate VCBOBorderless VentureCOCoinFundGAGaingelsINIn-Q-TelSTStrategic Cyber Ventures+1 more

Onchain structured finance protocol that turns business cash flows into programmable collateral for secured lines of credit.

Thomas Hepner(Founder)in

Co-investorsDLdlabFAFactionMAMaven 11SISignature VenturesTRTRGCLILightspeed Venture Partners+1 more

Crown is a Brazilian fintech infrastructure provider that issues BRLV, a stablecoin pegged 1:1 to the Brazilian real and fully backed by federal government securities.

Crypto & Web3Enterprise SoftwareFintechSão Paulo, BR

BoardAndré Lara Resende(Strategic Advisor)

Co-investorsNONorte VenturesPAParadigmFRFramework VenturesPAPaxosVAValor Capital Group

D3 Global is building DomainFi infrastructure, tokenizing DNS domains as on-chain real-world assets via its Doma Protocol blockchain.

Fred Hsu(Founder)in

Co-investorsMAMaelstromMZMZ Web3 FundNONonagonPAParadigmVEVentureSouqDHDharmesh Shah+1 more

Daylight builds a distributed energy network that allows homes to generate, store, and share power locally, while providing financing and grid operations services for the electrified home market.

CleantechClimate TechEnergy

Billie Simmons(Founder)Evan Caron(Founder)Jason Badeaux(Founder)Paul Barnes-Hoggett(Founder)Rob Curtis(Founder)Udit Patel(Founder)

Co-investorsANAndreessen HorowitzCRCrucible CapitalCYCyan VenturesEVEv3 Ventures LlcLALattice CapitalLALattice Capital+9 more

Doma builds smart-home products focused on the front door, combining architectural design with adaptive intelligence for residential use.

ConsumerHardwareIoTPropTech

JJJason Johnson(Co-founder)inYves Behar(Co-founder)

Co-investorsMOModerne VenturesTATau VenturesPAParadigm

Co-investorsINIndex VenturesPAParadigm

Eternis.ai is an AI research company building systems for forecasting, simulation, and calibrated prediction, including multi-agent decision-making tools for capital allocators, strategists, and forecasters.

AI & Machine LearningDeep TechSan Francisco, US

Ken Li(Founder)in

Co-investorsARArctic DigitalNINIVPHPharsalus Capital

Fomo is a social-first cryptocurrency trading application that enables users to trade various crypto tokens, including memecoins and viral tokens, seamlessly across web and mobile platforms with multichain and gasless transactions.

Crypto & Web3SocialNew York, US

Dax Hamman(Executive Officer, Director)inSYSe Yong Park(Co-Founder)inPEPaul Erlanger(Co-Founder & CEO)inPDPrashan Dharmasena(Co-Founder)in

BoardCPChetan Puttagunta(Director; Benchmark General Partner)inJAJulia Andre(Director; Index Ventures Partner)in

Co-investorsARArchetypeBABalaji SrinivasanBRBryan PellegrinoICicebergyINIndex VenturesIVIvan Soto-Wright+20 more

Glider provides software that organizes the deal and contract process, used by companies ranging from large public firms to small businesses.

Enterprise SoftwareFuture of WorkLegalTechSaaSPortland, US

HLHenry Liu(Founder)inBPBrandon Paton(Founder)inJMJohn Marbach(Founder)in

Co-investorsTETechstarsTRTrue VenturesY Y CombinatorANAnagram VenturesANAndreessen HorowitzFIFirst Commit+4 more

Glider is a Colorado-based nonprofit organization that produces and hosts community events including TEDxBoulder, Ignite Boulder, and Boulder Startup Week.

FintechSaaSSocialPortland, US

AHAndrew Hyde(ED (Executive Director), board member)in

Co-investorsTETechstarsANAnagram VenturesANAndreessen HorowitzFIFirst CommitGEGenerative VenturesGSGSR+2 more

Glider builds non-custodial automated onchain investment portfolios, offered via a consumer app and a B2B API.

Co-investorsGEGenerative VenturesA1a16z cryptoANAnagram VenturesANAndreessen HorowitzFIFirst CommitGSGSR+3 more

Hyperbeat offers a self-custodial smart wallet on HyperEVM that combines fiat-crypto conversion, high-yield accounts, a collateral-backed credit card, and leveraged trading of stocks, crypto, commodities, and indices.

KBKilian Boshoff(Founder)in

Co-investorsBRBreedCHChapter OneDLdlabELElectric CapitalFOFourth Revolution Capital (4RC)NONode Capital+3 more

Inco provides a privacy layer for blockchain networks, enabling privacy solutions that adapt to different chains, use cases, and regulatory requirements.

AI & Machine LearningCrypto & Web3CybersecurityDeveloper Tools

Remi

Co-investorsALAlliance DAO (ex DeFi Alliance)BIBig Brain HoldingsGSGSRSYSymbolic CapitalZEZero Knowledge Validator (ZKV)1K1kx+9 more

iubenda provides a digital compliance platform that helps businesses create and manage privacy policies, cookie banners, terms and conditions, and accessibility documentation to meet global privacy regulations.

LegalTechSaaS

AGAndrea Giannangelo(Founder)inRNRaffaele Negroin

Co-investors212100 Ventures4D4Di CapitalBRBrighteye VenturesMEMetrika SGR S.p.A.P1P101 VenturesPLPlay Ventures+11 more

Jiko provides T-bill-backed accounts that automatically invest corporate cash in U.S.

Data & InfrastructureEnterprise SoftwareFintechSaaSSan Francisco, US

SLStephane Lintner(Founder)in

Co-investors50500 GlobalANAnthem Venture Management, LlcCOCore Venture CapitalDIDigital Currency GroupEMEmbark VenturesNYNyca+12 more

Legend is a social trading platform where users copy trades from other traders, follow live alerts, and trade with up to 50x leverage.

Crypto & Web3FintechSocial

Co-investorsBIBig Brain HoldingsELElectric CapitalMIMitonCANAndreessen Horowitz

Limitless Labs is a lab focused on prediction markets, blockchain, and AI.

AI & Machine LearningCrypto & Web3

Co-investors1C1confirmationNONode CapitalSISID Venture PartnersARArrington CapitalCOCollider VenturesDCDCG+5 more

Limitless is a prediction market platform where users trade on outcomes across categories including crypto, sports, finance, and politics.

Crypto & Web3Fintech

Dima Horshkov(Founder)in

Co-investorsBOBollinger Investment GroupCOCollider VenturesPAPaper Ventures1C1confirmationARArrington CapitalDCDCG+7 more

Nook is a mobile app (iOS and Android) that converts users' cash into USDC via Coinbase and allocates it to DeFi lending markets so they can earn yield, with an average APY around 7.6% and no deposit minimum or lockup.

ConsumerCrypto & Web3FintechAustin, US

KBKenzan Boo(CTO & Co-founder)inJIJoey Isaacson(CEO & Co-founder)inSohail Khanifar(CPO & Co-founder)

Co-investorsDEDefy PartnersREReverieUDUDHCUNUniversal DeFi Holding Company

o1.exchange is an onchain trading terminal and meta DEX aggregator combining spot, perpetuals and prediction markets.

Co-investorsALAlliance DAO (ex DeFi Alliance)

Ostium is a decentralized perpetual futures exchange for trading stocks, commodities, forex, and indices with leverage directly from a crypto wallet.

Crypto & Web3Fintech

Kaledora Kiernan-Linn(Cofounder)Marco Antonio Ribeiro(Cofounder)

Co-investorsGEGeneral CatalystALAlliance DAO (ex DeFi Alliance)CRCrucible CapitalENEnigma FundLOLocalGlobeSOSoma Capital+7 more

P2P.org provides staking and restaking infrastructure that lets users stake ETH, restake through EigenLayer, and access on-chain stablecoin strategies.

Crypto & Web3Data & InfrastructureEnterprise SoftwareFintech

Co-investorsSBSBI Ven CapitalBYByBitJUJump Crypto

P2P.me is a decentralized peer-to-peer protocol that enables fast fiat-to-USDC swaps across multiple blockchains using zero-knowledge KYC for privacy.

Crypto & Web3Fintech

Co-investorsALAlliance DAO (ex DeFi Alliance)MUMulticoin CapitalBLBlockchain CapitalBYByBitCICircle VenturesGOGoodwater Capital+3 more

Polymarket is a prediction market platform where users trade contracts based on the outcomes of future events across politics, sports, economics, and other categories.

Crypto & Web3FintechMarketplaces

SCShayne Coplan(Founder)in

Co-investors1C1confirmationA.A.Capital VenturesABAbstract VenturesACAccess Ventures (New York)ADAdvaita CapitalANAnti+38 more

Privy provides infrastructure for building crypto wallets and moving digital assets, enabling developers to integrate wallet functionality, stablecoin transfers, and automated payment systems into their applications.

Crypto & Web3Developer ToolsFintechBoston, US

Asta L.(Founder)inMax SegallinBen Jabbawy(Executive Officer, Director)Asta Li(Founder)Henri Stern(Founder)in

BoardSamuel Clemens(Director)

Co-investorsARArchetypeBIBitDAOBLBlueYard CapitalBOBoxGroupCYCypress Growth CapitalELElectric Capital+13 more

Privy offers an email and SMS marketing platform for ecommerce merchants, letting them design, send, segment, and track campaigns such as emails, pop-ups, and onsite messages.

Data & InfrastructureE-commerceMarketing TechSaaSNew York City, US

Asta Li(Cofounder)BJBen Jabbawy(Founding CEO)in

Co-investorsCRCRV (Charles River Ventures)STStripes3S3Spoke Capital50500 GlobalGAGaingelsATAtlas Ventures+3 more

Privy provides digital solutions for businesses, including digital signatures and document verification.

CybersecurityFintechSaaS

MPMarshall P.(Founder)in

Co-investorsMAMandiri Capital IndonesiaOKOkta VenturesSISingTel Innov8 Pte Ltd.50500 GlobalGRGranite AsiaPAParadigm+2 more

Speedstake is a Solana-based product that lets stakers sell their future staking rewards for SOL upfront without unstaking, keeping their principal delegated.

Crypto & Web3Fintech

Co-investorsMAMarin Digital VenturesPAPaper VenturesVAVariant FundSOSolana Labs

Rialo builds blockchain infrastructure that enables native automation and intelligent systems without relying on offchain solutions.

Cloud ComputingCrypto & Web3Developer Tools

Ade Adepoju(Founder)Lu Zhang(Founder)

Co-investorsFAFabric VenturesHAHashedPAPantera CapitalVAVariant FundFLFlowdeskMIMirana Ventures+1 more

Sats Terminal operates a non-custodial marketplace for bitcoin-backed loans, routing users to the lowest-rate lender and bundling deposit and borrow into a single on-chain transaction so borrowers receive USDC while keeping custody of their BTC.

Crypto & Web3FintechMarketplaces

SHStanislav Havryliuk(Founder)in

Co-investorsDRDraper AssociatesDRDraper DragonTETenzor CapitalPAPaul TaylorUTUTXO Management

Scroll AI is a browser-based AI notebook that ingests documents, media and web pages and answers questions about them.

Co-investorsGMGMG VenturesMEMercuri.vc1C1confirmationARArrington CapitalCOCollider VenturesDCDCG+7 more

Stablecore provides digital asset infrastructure for banks and credit unions, enabling them to work with stablecoins, tokenization, and blockchain technology.

Crypto & Web3Enterprise SoftwareFintechDallas, US

ATAlex Treece(Co-Founder and CEO)inEMEduardo Montemayor(Co-Founder and CTO)inNENick Elledge(Co-Founder and COO)

Co-investorsBABankTech VenturesCRCross River Digital VenturesCUCurql Collective, LLCENEnsemble VCMIMirana VenturesMOMoonshots Capital+6 more

Stablecorp issues QCAD, a Canadian dollar stablecoin backed 1-to-1 by reserves held at regulated financial institutions and governed by a Canadian prospectus-based regulatory framework.

Crypto & Web3Fintech

AMAlex McDougallin

Co-investorsBOBorderless VentureCICircle VenturesINInnovative Solutions CanadaMAMavennetDEDeFi TechnologiesSISide Door Ventures

Symbiotic builds a platform that enables digital assets to serve as collateral in on-chain financial products, providing guaranteed security for lending and related protocols.

Crypto & Web3Data & InfrastructureFintech

MPMisha Putiatin(Founder)inAIAlgys Ievlev(Founder)inJFJillian Friedman(COO)in

Co-investorsBLBloccelerate VCLELemniscapPAParadigmANAnton BukovANAnurag ArjunCYcyber•Fund+6 more

Tenor is a platform providing onchain fixed-rate borrowing and lending infrastructure through an interface to the Morpho protocol.

Crypto & Web3Fintech

Co-investorsLALattice CapitalCHCherry VenturesPRPRELUDEVAVariant FundVEvery early Ventures

Prediction market startup founded by ex-Polymarket and Kalshi staff, building regulated on-chain event markets; agreed to be acquired by Coinbase.

Co-investorsASAsylum VenturesCOCompoundEAEarl Grey CapitalENEnsemble LabsHAHaun VenturesUNUnion Square Ventures (USV)+5 more

VanEck is an asset management firm offering ETFs and UCITS funds across major asset classes and specialized investment areas, including gold and other assets.

Fintech

Co-investorsCUCultur3 CapitalMIMirana VenturesANAndreessen HorowitzDRDragonfly

Veda builds multichain, multiprotocol yield vaults that accept deposits on one chain and route capital across multiple DeFi protocols and chains to pursue the best risk-adjusted yield, while showing users a single balance and allocation view.

Crypto & Web3Data & InfrastructureFintech

SRSunand Raghupathi(Founder)in

Co-investorsALAlumni VenturesCOCoinFundDRDraper DragonMIMirana VenturesPEPEER VCBIBitGo+9 more

VEDA offers an all-in-one HR software suite and services covering the full employee lifecycle, including personnel administration, payroll, time tracking, learning and development, and people analytics.

Enterprise SoftwareHR TechSaaS

DRDr. Ralf Gräßler(CEO)

Co-investorsINInvestcorpBIBitGoCOCoinFundCRCredibly NeutralDRDraper DragonGSGSR+4 more

ZAR is a financial app that lets people in countries with volatile local currencies send, hold, and spend US dollars.

Crypto & Web3Fintech

BTBrandon Timinsky(Founder)in

Co-investorsDRDragonflyMIMirana VenturesPHPharsalus CapitalANAndreessen HorowitzENEndeavor Catalyst

Zynk is a cross-border payment infrastructure platform that provides APIs for instant global settlements, converting and moving assets across blockchains, banks, and currencies in real time without pre-funding or treasury management.

Crypto & Web3Data & InfrastructureFintech

PSPrashanth Swaminathan(Founder)inAbhishek Pitti(Founder)inMBManish Bhatia(Founder)in

Co-investorsALAlliance DAO (ex DeFi Alliance)HIHivemind Capital PartnersPOPolymorphic CapitalTRTranspose Platform ManagementHIHivemind Capital LLCTYTykhe Ventures