Token Bay Capital — Full Portfolio
22 tracked investments · listed companies and verified rows first
Animoca Brands invests in blockchain and digital asset projects across gaming, infrastructure, culture, and real-world asset categories, with a portfolio of 600+ companies and a focus on Web3 ecosystem development.
B2B MarketplacesCrypto & Web3GamingSector Agnostic
Yat Siu(Founder & CEO)Robby Yungin
PartnerLucy Gazmararian· solo GP
Co-investors2080 Ventures500 GlobalA'Z AngelsAdit Ventures Management, LlcAlpha Wave GlobalAppWorks Ventures+37 more
Aspen Digital provides infrastructure software for family offices and wealth managers to offer digital assets services to their clients.
Crypto & Web3FintechSaaSAbu Dhabi, AE
PartnerLucy Gazmararian· solo GP
Co-investorsRIT Capital Partners
PartnerLucy Gazmararian· solo GP
Hex Trust builds technology platforms serving large financial institutions in the banking and finance sector.
Crypto & Web3Enterprise SoftwareFintech
Alessio Quaglini(Founder & CEO)in
PartnerLucy Gazmararian· solo GP
Co-investorsEterna CapitalFenbushi CapitalQBN CapitalRyze LabsWintermuteInjective+5 more
Ika is a decentralized MPC network on Solana that introduces "dWallets," a primitive splitting signing authority between users and Solana programs to control native assets on other blockchains without bridges or centralized custody.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Omer Sadika(Founder)in
PartnerLucy Gazmararian· solo GP
Co-investorsBig Brain HoldingsCollider VenturesCVP NoLimitFlowdeskLvna CapitalNo Limit Holdings (NLH)+3 more
Infinity Force provides IT consulting and application development services, building software using artificial intelligence, B2B SaaS, and blockchain technologies.
AI & Machine LearningCrypto & Web3SaaS
PartnerLucy Gazmararian· solo GP
InvestaX is a blockchain-based investment platform that tokenizes various asset classes including private equity, private debt, funds, real estate, and NFTs, allowing users to buy, trade, and earn economic interest or revenue streams from diversified holdings.
AgTechCrypto & Web3FintechSaaSSingapore, SG
Julian Kwan(Co-Founder)inS.Alice Chen(Co-Founder)in
PartnerLucy Gazmararian· solo GP
Co-investorsCoinbase VenturesSPiCE VC
IXS Finance provides financial services and capital markets infrastructure, combining expertise in regulated financial operations, compliance, and engineering.
Crypto & Web3Data & InfrastructureFintech
PartnerLucy Gazmararian· solo GP
Leo AI provides a suite of AI tools for teachers to automate grading and create teaching material, including assignment creation, rubric generation, exercise questions, and letters of recommendation.
AI & Machine LearningEdTechSaaS
PartnerLucy Gazmararian· solo GP
Co-investorsAndreessen Horowitz
MANTRA is a modular, compliance-oriented Layer 1 blockchain built for DeFi and real-world asset (RWA) tokenization.
Co-investorsLvna CapitalShorooq PartnersWWVentures14WAlumni VenturesBaleon Capital+7 more
PartnerLucy Gazmararian· solo GP
Merkle Trade operated a decentralized trading platform in the DeFi space, serving retail crypto traders.
Crypto & Web3Fintech
Co-investorsArrington CapitalArrington XRP CapitalBECO CapitalDarrow HoldingsFenbushi CapitalHashed+5 more
Merkle Science provides AI-powered blockchain analytics and predictive risk tools for cryptocurrency compliance, forensic investigations, and threat detection.
AI & Machine LearningCrypto & Web3CybersecuritySaaSBrooklyn, US
Mriganka Pattnaik(CEO)inNirmal AK(CTO)in
PartnerLucy Gazmararian· solo GP
Co-investors500 GlobalDigital Currency GroupEntrepreneur FirstFenbushi CapitalK3 VenturesTriton Capital
Soter offers insurance products for companies operating in digital assets and blockchain, including directors and officers, professional indemnity, technology PI, crime and specie, and crypto-specific coverage such as ETH slashing and smart contract insurance.
Crypto & Web3FintechInsurTech
Henson Orser(Founder & CEO)in
PartnerLucy Gazmararian· solo GP
Co-investorsPharsalus CapitalAV8 VenturesBrevan Howard DigitalCoinbase VenturesFranklin TempletonFurther Ventures+4 more
Supra provides blockchain oracle services that deliver data feeds to smart contracts and decentralized applications.
Crypto & Web3Data & InfrastructureDeep TechDeveloper ToolsWashington, US
Jonathan Nelms(Managing Member)in
PartnerLucy Gazmararian· solo GP
Co-investorsAndromeda CapitalBitDAOCastrum CapitalCoinbase VenturesCVP NoLimitDeepTech Ventures+7 more
Sustainable Bitcoin Protocol verifies clean energy sources behind Bitcoin mining and creates attestation records (SBP tokens) that enable climate-focused investment funds to hold Bitcoin while meeting ESG disclosure requirements.
CleantechClimate TechCrypto & Web3EnergyFintechAbu Dhabi, AE
PartnerLucy Gazmararian· solo GP
Co-investorsNew Layer Capital
Taiko is an open, community-driven project focused on scaling Ethereum.
Crypto & Web3Developer Tools
Daniel Wang(Founder)in
PartnerLucy Gazmararian· solo GP
Co-investorsBollinger Investment GroupFactionGenerative VenturesIOSG VenturesMapleblock CapitalSancus Ventures+7 more
Talon is an esports, culture, and lifestyle platform operating seven professional esports teams across five Asian markets, along with its own creative studio for esports marketing, content creation, and activations.
GamingMedia & EntertainmentSports TechHong Kong, HK
Xiao (Sean) Zhang(Founder)in
PartnerLucy Gazmararian· solo GP
Co-investorsFoxmont Capital PartnersAnimoca BrandsHana Ventures
Yuga Labs is the company behind the Bored Ape Yacht Club (BAYC) NFT collection and ApeCoin (APE).
PartnerLucy Gazmararian· solo GP
Co-investorsA.Capital Venturesa16z cryptoAlpha Wave GlobalAndreessen HorowitzArcane GroupJustin “3LAU” Blau+5 more
Zodia Markets provides digital asset brokerage and exchange services for institutional clients, including over-the-counter trading with voice and electronic settlement and multi-local rail accounts for cross-border capital movement.
Crypto & Web3FintechLondon, GB
Nick Philpott(Founder)
PartnerLucy Gazmararian· solo GP
Co-investorsSC VenturesPharsalus CapitalPolymorphic Capital
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.




























































