Digital Finance Group
Family officeShanghai · Seed–Growth · 7 people tracked
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Investment thesis
DFG operates as a research-driven family office with a permanent capital structure that supports a multi-generational investment horizon, freeing it from the LP mandates and exit timelines of traditional funds. Grounded in a conviction around Bitcoin and driven by technical research, the firm takes concentrated positions in protocols building decentralized infrastructure and holds them as long as value creation continues. Since 2015 it has backed more than 160 companies and protocols globally, spanning L1/L2 blockchains, CeFi, hardware, infrastructure, DeFi, gaming/NFT/metaverse, and social/identity, seeking top-tier teams with strong growth potential while adapting to macro conditions and applying a geographical investment philosophy.
Source: firm website, verified Sep 26, 2026.
Team · 7 people
from the firm's websiteWhat they invest in
from 49 of 68 portfolio companiesCrypto & Web3 ×48Fintech ×22Data & Infrastructure ×19Developer Tools ×13AI & Machine Learning ×7Gaming ×7Cloud Computing ×4Deep Tech ×4
HQs:United States×8Singapore×3India×2Canada×1China×1Estonia×1
Who they back
founder profiles across 27 portfolio companiesFounding team size:solo founder×172 founders×63 founders×24+ founders×2
Where their founders studiedfrom 21 founders with education data
Princeton University ×2
What their founders studiedfrom 21 founders with field-of-study data
Computer Science ×16Economics ×3Business & Management ×2
Where their founders worked beforefrom 23 founders with career history
angellist ×2Brightcove ×2
3 founders hold a PhD (of 23 with degree data)
Investments · 68 tracked
founders shown can be your intro pathBy year:2022 · 12021 · 22019 · 12015 · 15 dated
Circle provides a full-stack platform for digital finance, combining blockchain infrastructure, stablecoins (USDC, EURC), and payment networks to enable borderless value exchange and financial access globally.
AI & Machine LearningCrypto & Web3FintechNew York City, US
Jeremy Allaire(Founder)inPatrick Sean Neville(Director)Sid Yadav(Cofounder)inSean Neville(Founder)inP. Sean Neville(Director)Heath Tarbert(Executive Officer)in
PartnerJames Wo· solo GP
Co-investors10T FundAccelalphabet angelsAlumni VenturesaVentureAxevil Capital+32 more
3iQ is a digital asset investment management firm offering crypto-focused funds and products, with distribution across North America, Europe (DACH region), the Middle East (MENA), and the US.
Crypto & Web3FintechToronto, CA
Pascal St-Jean(Director & CEO)inTommaso Mancuso(President & Chief Investment Officer)inChris Desjardins(Chief Technology Officer)inVladimir Plessovskikh(CFO)Diana Escobar Bold(Chief Compliance Officer and Vice President Legal)in
PartnerJames Wo· solo GP
Co-investorsTrevor Koverko
PartnerJames Wo· solo GP
Stealth-mode startup currently in development.
PartnerJames Wo· solo GP
Co-investorsTechMeetsTrader
Amber Group is a digital assets investment and portfolio management firm that serves institutional and individual investors with trading, liquidity provision, and infrastructure solutions for crypto and Web3 projects.
Crypto & Web3FintechSingapore, SG
Wayne Huo(Founder)Michael Wu(Co-Founder and CEO)
PartnerJames Wo· solo GP
Co-investorsBase PartnersCoinbase VenturesDCM VenturesDragonflyFenbushi CapitalGobi Partners+9 more
Apeiron is an NFT-based game featuring collectible planets, avatars, and apostles, with in-game elements, an arena, and a marketplace.
Crypto & Web3Gaming
PartnerJames Wo· solo GP
Co-investorsSkyVision CapitalHashedRA CapitalS2G Investments
Winston Artory Group provides art appraisal services, collection management solutions, and data-backed advisory for art collectors, fiduciaries, and institutions.
B2B MarketplacesData & InfrastructureSaaSNew York, US
Nanne Dekking(Executive Officer, Director)inDavid Wildenstein(Director)Rouven Westphal(Director)Jeff Cordover(Director)Lindsay Moroney(Executive Officer, Director)
PartnerJames Wo· solo GP
Co-investorsBlockchain Valley Ventures, LlcBorderless Venture
AstarFi is a self-custodial personal finance interface designed for cryptocurrency and tokenized real-world asset holders to manage their onchain portfolio across multiple asset types.
Cloud ComputingCrypto & Web3Developer ToolsFintechTokyo, JP
Co-investorsCoinbase VenturesFenbushi CapitalHypersphere VenturesIOSG VenturesLongHash VenturesMapleblock Capital+9 more
The Avalanche Foundation is a non-profit organization that supports innovation and growth in the Avalanche ecosystem through grants, programs, and strategic support for developers, entrepreneurs, and communities building on the Avalanche blockchain platform.
Crypto & Web3Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintech
Emin Gun Sirer(Founder)in
PartnerJames Wo· solo GP
Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzAndromeda CapitalBaseTwoBig Brain Holdings+32 more
PartnerJames Wo· solo GP
Co-investorsCrypto DiscoverGenblock CapitalPentos VenturesYoubi Capital
Big Time is an action RPG set in a time-travel universe where players fight through colliding eras alongside characters from Evermore Academy.
Crypto & Web3Gaming
PartnerJames Wo· solo GP
Co-investorsCircle VenturesDigital Currency GroupExto PartnersIOSG VenturesLD CapitalNIV+2 more
Bit.Country offers a no-code platform for projects to build, grow, and engage online communities through an AI-powered quest system, virtual worlds, and virtual land technology.
Creator EconomyCrypto & Web3SaaS
Co-investorsGenblock CapitalWWVentures
Bitquery provides blockchain data analytics products, including cross-chain analytics, DEX trading insights, and DeFi protocol APIs for businesses building on blockchain infrastructure.
AI & Machine LearningCrypto & Web3Data & InfrastructureDeveloper Tools
PartnerJames Wo· solo GP
Co-investorsBR CapitalLBANK LabsMulana CapitalTenzor CapitalYBB FoundationBinance Labs+2 more
BOB is a hybrid Bitcoin/EVM layer built on the OP stack that provides Bitcoin DeFi—swapping, saving, earning, staking, lending, and borrowing with native BTC via BitVM, without wrappers or custodians.
PartnerJames Wo· solo GP
Co-investorsAsymmetricBankless VenturesCoinbase VenturesHypersphere VenturesIOSG VenturesRockawayX+4 more
ChainSafe is a multichain research and development firm that builds core infrastructure for decentralized networks, including node implementations, smart contract engineering, distributed systems research, and blockchain applications.
Crypto & Web3Data & InfrastructureDeveloper Tools
PartnerJames Wo· solo GP
Co-investorsConsenSys MeshFenbushi CapitalFermionIOSG Ventures
CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain.
Crypto & Web3Data & InfrastructureFintech
Brian Tubergen(Founder)inJoshua Slayton(Founder)in
PartnerJames Wo· solo GP
Co-investorsAccompliceAgman PartnersBlockchain CapitalBlockchain CoinvestorsCoinFundCollab+Currency+19 more
Composable Finance builds an interoperability layer for decentralized finance that enables cross-chain transactions and communication while preserving trustless, non-custodial properties.
Crypto & Web3Data & InfrastructureDeveloper ToolsFintech
PartnerJames Wo· solo GP
Co-investorsAdvanced BlockchainBlockchain CapitalCoinbase VenturesD1 VenturesFigmentAlameda Research+12 more
Cookie3 uses blockchain and analytics to turn on-chain user behavior into marketing insights for brands while maintaining data privacy.
AdTechCrypto & Web3Data & InfrastructureMarketing TechTallinn, EE
Wojciech Piechociński(Founder)inFilip Wielanier(Founder)in
PartnerJames Wo· solo GP
Co-investorsAweh VenturesBitDAOBlock54 CapitalCastrum CapitalFounderheads,Grizzly Capital+11 more
Cosmos develops an open-source blockchain technology stack and enterprise solutions for businesses and governments to deploy and scale digital ledgers.
Crypto & Web3Enterprise SoftwareFintechNew York City, US
Hunter Rosenblume(Chief Executive Officer, President, Treasurer and Secretary)Saie Rohith Varanasi(Chief Technology Officer)Maghnus Mareneck(Co-CEO and Co-founder, Cosmos Labs)in
PartnerJames Wo· solo GP
Co-investors1confirmationBig Candle CapitalBollinger Investment GroupContinue CapitalDeepTech VenturesDragonfly+11 more
Decentralized storage network for the Web3 ecosystem.
PartnerJames Wo· solo GP
Co-investorsCrypto DiscoverMapleblock Capital
Dora Factory develops full-stack infrastructure for the Anonymous MACI (aMACI) protocol, enabling private, collusion-free, decentralized voting and polling for online communities.
Crypto & Web3CybersecurityData & Infrastructure
PartnerJames Wo· solo GP
Co-investorsBR CapitalCrypto DiscoverElliptiSpark Digital CapitalDivergence
Blockchain platform underpinning NFTs via the ERC-1155 standard.
Maxim Blagov(Founder)in
PartnerJames Wo· solo GP
Co-investorsArrington CapitalBlockchain CoinvestorsGenblock CapitalLBANK LabsAlliance DAO (ex DeFi Alliance)Arrington XRP Capital+6 more
PartnerJames Wo· solo GP
Co-investorsAngel Collective Opportunity FundCeras VenturesHOF CapitalLD CapitalMotley Fool VenturesPentos Ventures+3 more
FV Bank is a digital bank that combines traditional banking with digital asset services, letting business and individual customers hold USD and digital assets in one account.
Crypto & Web3Fintech
PartnerJames Wo· solo GP
Co-investorsBnkToTheFuture
Gensyn provides decentralized infrastructure for AI models to train, verify, trade, and evolve using cryptographic verification and on-chain identity mechanisms.
AI & Machine LearningCrypto & Web3Data & InfrastructureLondon, GB
Ben Fielding(CEO)inHarry Grieve(CTO)in
PartnerJames Wo· solo GP
Co-investorsa16z cryptoAndreessen HorowitzCoinFundCounterview CapitalEntrepreneur FirstGalaxy Ventures+12 more
HydraDX is a decentralized trading protocol built on an Omnipool that combines multiple assets in a single liquidity pool for capital-efficient, low-slippage swaps.
Crypto & Web3Fintech
PartnerJames Wo· solo GP
Co-investorsMoonlanding VenturesNarcissus VenturesTenzor CapitalKR1
Konomi is a publishing platform that produces educational content about blockchain technology and its applications across various industries beyond finance.
Crypto & Web3Media & Entertainment
Ariel Hoin
Co-investorsBlack DragonAltonomyAU21 CapitalBTX CapitalFBG CapitalLD Capital+2 more
Ledger provides hardware and software cryptocurrency wallet solutions that enable users to buy, swap, earn, and manage digital assets with security features and portfolio tracking capabilities across multiple blockchain networks.
ConsumerCrypto & Web3FintechHardware
Charles Guillemet(CEO)in
PartnerJames Wo· solo GP
Co-investorsActivant CapitalAglae VenturesCathay InnovationClub Italia Investimenti 2Digital Currency GroupDraper Associates+18 more
PartnerJames Wo· solo GP
Co-investorsBlockchain CapitalCedar Mundi VenturesFenway Summer VenturesFundersClubGV (Google Ventures)Lightspeed Venture Partners
Linera Markets is a crypto trading platform that allows users to trade cryptocurrencies, ETFs, and other assets with continuously running 24/7 markets.
Crypto & Web3FintechMenlo Park, US
Mathieu Baudet(Founder)
PartnerJames Wo· solo GP
Co-investorsa16z cryptoAndreessen HorowitzBorderless VentureEterna CapitalL2 Iterative Ventures (L2IV)Laser Digital
Melaxy is a blockchain-integrated MMORPG space exploration game where players explore galaxies, mine and trade resources, and upgrade spaceships.
Crypto & Web3Gaming
PartnerJames Wo· solo GP
Co-investorsTaisu Ventures
Metis is a Layer 2 Ethereum blockchain designed to provide scalability, security, and decentralization for Web3 applications.
Cloud ComputingCrypto & Web3Data & InfrastructureDeveloper Tools
Elena.S(Co-founder & Decentralization Coordinator of People & Education)Kevin.L(Co-founder & Decentralization Coordinator of Strategy)Yuan.S(Co-founder & Decentralization Coordinator of Innovation)
PartnerJames Wo· solo GP
Co-investorsAndromeda CapitalCatcherVCCeras VenturesChronos VenturesMetis FoundationPentos Ventures+2 more
Mintable operated an NFT marketplace and minting platform (via Mintable.com and Mintology.app) offering gasless NFT creation for consumers and enterprise clients such as banks and corporations.
Creator EconomyCrypto & Web3MarketplacesArvada, US
Zach Burks(Founder)in
BoardMichael Tolo(Director)in
PartnerJames Wo· solo GP
Co-investorsSkyVision Capital840 Venture PartnersAnimoca BrandsBlackbird VenturesCrypto com CapitalDouble Peak Group+4 more
Minterest was a decentralized digital asset lending protocol operating on Mantle, Ethereum, Taiko, and Morph networks.
Crypto & Web3Fintech
PartnerJames Wo· solo GP
Co-investorsAndromeda CapitalBitDAODigital StrategiesElliptiLucidBlue VenturesMantle Network+1 more
Mintlayer is a platform that integrates Bitcoin liquidity with decentralized finance solutions to enable Bitcoin holders to participate in DeFi applications.
Crypto & Web3Developer ToolsFintech
Enrico Rubboli(Founder)inAnna MacMillan(Co-Founder)
BoardCharlie Shrem
PartnerJames Wo· solo GP
Co-investorsDutch Crypto InvestorsWhite Paper CapitalDruid Ventures
Mode is a Layer 2 blockchain built with Optimism that hosts DeFi applications and provides infrastructure for verifiable AI trading agents.
AI & Machine LearningCrypto & Web3Fintech
PartnerJames Wo· solo GP
Co-investorsFounderheads,Moonhill CapitalTRGCOptimism Foundation
Moonbeam is an EVM-compatible Layer 1 parachain built on the Polkadot SDK that lets developers build decentralized applications operating across multiple blockchain networks.
Crypto & Web3Data & InfrastructureDeveloper ToolsGaming
Derek Yoo(Founder & Core Contributor)
PartnerJames Wo· solo GP
Co-investorsArrington CapitalAweh VenturesCoinbase VenturesCoinFundCrypto DiscoverCryptonite Capital+11 more
PartnerJames Wo· solo GP
Nayms, now OnRe, runs a regulated on-chain insurance and reinsurance marketplace built on Ethereum smart contracts.
PartnerJames Wo· solo GP
Co-investorsBlack DragonCogitent VenturesSalica InvestmentsTaisu VenturesWoodstock FundInsurtech Gateway Fund+4 more
NEAR is an open blockchain infrastructure powering the agent economy, providing cross-chain execution, confidential settlement, and private inference capabilities.
AI & Machine LearningCloud ComputingCrypto & Web3Miami, US
Illia Polosukhin(Co-Founder)in
PartnerJames Wo· solo GP
Co-investorsA.Capital Venturesa16z cryptoAccompliceAdvanced BlockchainAmbush CapitalAmplify Partners+40 more
Threshold Network is a decentralized protocol that enables Bitcoin to be used across multiple blockchain networks and financial markets through its tBTC token, facilitating lending, staking, trading, and yield-generation activities.
Crypto & Web3Enterprise SoftwareFintechAustin, US
MacLane Wilkison(Founder/CEO)in
PartnerJames Wo· solo GP
Co-investorsCathay CapitalCollab+CurrencyCompoundFusionReciprocal VenturesSignum Capital+21 more
Oasys is a gaming-focused blockchain built by gaming industry veterans, designed with user experience at its core through features like zero gas fees and fast transaction finality.
Crypto & Web3Deep TechGaming
PartnerJames Wo· solo GP
Co-investorsCeras VenturesFenbushi CapitalHyperithmNonagonSerafund1984 Ventures Management, Llc+5 more
OP Games is a publishing platform that supports indie game developers by providing funding, equity, promotion, and tools to create games using blockchain and decentralized technologies.
Crypto & Web3GamingMarketplaces
Paul GadiinChase FreoinGabby Dizon
PartnerJames Wo· solo GP
Co-investorsBerkeley Blockchain XceleratorAscensive AssetsCointelligence FundDigital StrategiesGenblock CapitalLD Capital+2 more
Polkadot is an open-source proof-of-stake protocol that links independent blockchains for shared security and cross-chain messaging.
Gavin Wood(Founder)
PartnerJames Wo· solo GP
Co-investors1confirmationAdvanced BlockchainAngelONE CapitalArrington CapitalBig Candle CapitalBlock Infinity+29 more
PartnerJames Wo· solo GP
PartnerJames Wo· solo GP
Co-investors1k(x)1kxBig Brain HoldingsCrit VenturesJsquarePentos Ventures+3 more
The Render Network provides decentralized GPU rendering and compute infrastructure for 3D content creation, design, visual effects, and generative AI applications.
AI & Machine LearningCloud ComputingCreator EconomyCrypto & Web3Deep Tech
Jules Urbach(Founder)
PartnerJames Wo· solo GP
Co-investorsBorderless VentureCryptonite CapitalJsquareMulticoin Capital01 AdvisorsAddition+3 more
PartnerJames Wo· solo GP
RMRK is a for-profit Web3 company and the main developer of the open-source Modular NFT standards, building products and dApps on top of that infrastructure for NFT creators and users.
Crypto & Web3Developer ToolsGamingMarketplaces
Bruno Škvorc(Founder)
PartnerJames Wo· solo GP
Co-investorsD1 VenturesNarcissus VenturesLD CapitalPAKASignum Capital
PartnerJames Wo· solo GP
Shyft Network provides a blockchain-based platform for secure data sharing and verification across digital networks.
Crypto & Web3CybersecurityData & Infrastructure
PartnerJames Wo· solo GP
Co-investorsBitfuryBloccelerate VCBlockwallGeneral CatalystTokoin
Privacy-first decentralized financing platform to swap, lend and convert ERC-20 tokens.
PartnerJames Wo· solo GP
Co-investorsAGE CryptoAmesten CapitalGenblock CapitalLD Capital
Solana is a blockchain network designed for high-performance internet capital markets, payments, and cryptocurrency applications.
Crypto & Web3Data & InfrastructureFintechSan Francisco, US
Anatoly Yakovenko(Solana Founder & Solana Labs CEO)inGregory Fitzgerald(Executive Officer)Rajiv Gokal(Executive Officer)Alan Yu
PartnerJames Wo· solo GP
Co-investors1k(x)1kx500 Globala16z cryptoAbstract VenturesAegis Ventues+54 more
Subsquid provides permissionless, cost-efficient access to large-scale Web3 onchain data, aimed at decentralized application developers building across multiple blockchains.
Crypto & Web3Data & InfrastructureDeveloper Tools
Wanja S. Oberhof(CEO)
PartnerJames Wo· solo GP
Co-investorsD1 VenturesHypersphere VenturesLattice CapitalSMAPE Capital
SubQuery provides Web3 infrastructure and tooling that enables developers to build and scale decentralized applications.
Crypto & Web3Data & InfrastructureDeveloper ToolsSingapore, SG
Ian He(CTO and Co-Founder)in
PartnerJames Wo· solo GP
Co-investorsArrington CapitalBitDAOD1 VenturesDigital Currency GroupElliptiMantle Network+11 more
Multi-blockchain decentralized exchange liquidity aggregator enabling unified trading across multiple DEXs.
Viveik Vivekananthan(Founder)
PartnerJames Wo· solo GP
Co-investorsArrington CapitalKane & Rao GroupArrington XRP Capital
t3rn is an intent-based cross-chain interoperability network that routes cross-chain orders through a permissionless solver network and settles them with atomic finality across 56 blockchains.
Crypto & Web3Data & InfrastructureDeveloper Tools
Maciej Bajin
PartnerJames Wo· solo GP
Co-investorsD1 VenturesFigmentIOSG VenturesLemniscapNetZero CapitalFigment Capital+2 more
Talisman offers a crypto wallet with integrated DeFi tools, letting users access stablecoin and DeFi yield strategies and track positions across multiple wallets, protocols, and chains in a single portfolio view.
Crypto & Web3Fintech
PartnerJames Wo· solo GP
Co-investorsAdvanced BlockchainD1 VenturesJsquareSignum CapitalHypersphere Ventures
Ternoa provides a runtime security layer for continuously deployed software, using its TIP tool to monitor live systems for source mismatches, dependency compromise, and code tampering, and its CIFER tool to apply NIST-standardized post-quantum cryptography against harvest-now-decrypt-later risks.
Crypto & Web3CybersecurityDeep Tech
PartnerJames Wo· solo GP
Co-investorsMetrix CapitalTruth Ventures
Unocoin is a cryptocurrency exchange and trading platform based in India that enables users to buy, sell, and trade Bitcoin and other cryptocurrencies.
Crypto & Web3FintechIndia, IN
Abhinand Kaseti(Founder)inHarish Bv(Founder)in
PartnerJames Wo· solo GP
Co-investorsBlockchain CoinvestorsDigital Currency GroupDraper AssociatesFundersClubFuture Perfect Ventures2020 Ventures+4 more
zCloak develops blockchain protocols designed for enterprise and DAO use cases, emphasizing privacy preservation, auditability, and deterministic governance in financial infrastructure.
Crypto & Web3Data & InfrastructureEnterprise SoftwareFintech
Xiao Zhang(Founder)in
PartnerJames Wo· solo GP
Co-investorsAdvanced BlockchainARKN venturesBixin CapitalBixin VenturesIOSG VenturesSancus Ventures
ZetaChain provides a user-owned, encrypted memory layer for AI, letting people carry their context, files, preferences, and writing style across different models, apps, and agents.
AI & Machine LearningConsumerCrypto & Web3
PartnerJames Wo· solo GP
Co-investorsLongHash VenturesSky9 CapitalTPC Club (The presale club)TPC VenturesFoundation CapitalGSR+4 more
ZKM builds zero-knowledge proof infrastructure, including its Entangled Rollups technology, for blockchain networks.
Crypto & Web3Data & InfrastructureDeep TechDeveloper Tools
Kevin Liu(CEO)inMing Guo(Chief Scientist)
PartnerJames Wo· solo GP
Co-investorsMetis FoundationOKX Ventures
Shardeum is a Layer-1 blockchain network using dynamic state sharding and an autoscaling, EVM-compatible architecture to deliver high throughput and low fees.
Crypto & Web3Data & InfrastructureFintech
Nischal Shetty(Co-founder)Srini(CTO)
PartnerJames Wo· solo GP
Co-investorsAegis VentuesBlack DragonCogitent VenturesCoinvestor VenturesGhaf Capital PartnersHyperithm+8 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Ethereum
Exits · 1
1 IPOsCircleNYSE: CRCL
Portfolio news
latest coverage across their companiesGensyn · parsers.vc · May 4, 2026
3iQ · prnewswire.com · Oct 16, 2025
Astar Network · gamesbeat.com · May 21, 2025
Frequently asked questions
- How many investments has Digital Finance Group made?
- Digital Finance Group has 68 tracked investments, 1 of which have exited.
- What stage does Digital Finance Group invest at?
- Digital Finance Group invests at the Seed, Growth stages.
- What sectors does Digital Finance Group focus on?
- Digital Finance Group focuses on Crypto & Web3, Fintech, Hardware.
- Where is Digital Finance Group located?
- Digital Finance Group is headquartered in Shanghai, CN.
- Who does Digital Finance Group co-invest with?
- Digital Finance Group most often shares deals with IOSG Ventures, D1 Ventures, Fenbushi Capital, among 262 tracked co-investors.
Media · Podcasts & interviews
featuring the teamJames Wo | Digital Finance Group | BlockShow Asia 2019
BlockShow by Cointelegraph · James Wo
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