Overview
Fenbushi Capital is one of Asia’s earliest and most prominent blockchain-focused asset managers. Established in 2015, the firm combines venture capital deployment with research and sector expertise to back projects that advance the blockchain and Web3 ecosystem. With a reported assets under management (AUM) figure around $1.6 billion and a portfolio of over 300 companies, Fenbushi operates at the intersection of capital, technical diligence, and industry mentorship to accelerate adoption and innovation in decentralized systems.
Core Capabilities
Fenbushi offers a set of distinctive capabilities that make it a strategic partner for founders and projects in the blockchain space:
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Early-Stage Investment Expertise: Fenbushi has a strong track record of identifying and investing early in foundational projects, including major names in the crypto ecosystem. This early allocation experience provides founders access to patient capital and sector-specific guidance.
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Sector-Focused Portfolio Construction: The firm actively invests across multiple blockchain verticals—infrastructure, DeFi, CeFi, NFTs, and privacy/cryptography research—allowing it to form synergies between companies and help portfolio projects tap into shared opportunities.
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Research and Thought Leadership: Fenbushi publishes in-depth research on topics like zkVM benchmarking, multi-party fully homomorphic encryption, and data availability strategies. This emphasis on research supports better investment decisions and contributes to public knowledge in the ecosystem.
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Global Network and Strategic Partnerships: Leveraging relationships with developers, protocol teams, exchanges, and institutional partners, Fenbushi facilitates introductions, technical collaborations, and potential commercial partnerships for its portfolio companies.
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Operational and Legal Support: The team includes partners and counsel with experience in legal, regulatory, and operational matters, enabling Fenbushi to assist founders on practical challenges as projects scale across jurisdictions.
Portfolio and Research
Fenbushi’s portfolio spans foundational public goods and commercial protocols alike. Selected investments include high-profile projects such as Ethereum, Filecoin, Consensys, Polkadot, 1inch, Flashbots, and Safe. This mix of infrastructure and application-level bets demonstrates Fenbushi’s thesis-driven approach: prioritize building blocks that enable downstream innovation.
The firm’s research output is another core pillar. Recent topics include multi-party fully homomorphic encryption, benchmarking zkVMs, and cost-effective data availability solutions on storage networks. By funding, authoring, and promoting technical research, Fenbushi acts as both investor and knowledge partner, helping the ecosystem identify scalable and secure approaches to complex cryptographic and systems problems.
Team and Network
Fenbushi’s public-facing leadership and advisory roster includes partners and advisors who are active in the Web3 community. The team blends venture experience with deep technical understanding of cryptography, distributed systems, and blockchain economics. Advisors and collaborators broaden access to talent, developer resources, and cross-border market intelligence.
Why Choose Fenbushi Capital
Founders and projects seeking more than capital often choose Fenbushi for its combination of domain expertise, early-stage conviction, and research-driven approach. The firm’s long-standing presence in the space offers credibility and continuity, while its active portfolio management helps projects navigate technical, regulatory, and commercial milestones.
How to Engage / Contact
Fenbushi maintains an open channel for project inquiries and partnership conversations. Prospective founders can submit opportunities through the public contact form or by emailing the team directly. The firm also publishes accessible research and portfolio showcases to help entrepreneurs and community members understand its investment priorities and technical interests.
Conclusion
As a specialized investor focused on Web3, Fenbushi Capital combines capital deployment with research, network access, and operational support to back projects that aim to advance decentralized infrastructure and applications. Its multi-disciplinary approach—spanning investment, thought leadership, and ecosystem building—positions Fenbushi as a strategic partner for teams building the next generation of blockchain technology.
