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Singapore VC Blockchain Founders Raises $75M for New Fund

The company has been an early investor in blockchain, crypto, Web 3 and metaverse startups.

Updated May 11, 2023, 5:55 p.m. Published Jan 24, 2022, 7:30 p.m.
Singapore (Lauryn Ishak/Bloomberg via Getty Images)
Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Blockchain Founders Fund raised $75 million for its BFF II fund from a range of investors, including NEO Global Capital, AppWorks, and Sebastien Borget, chief operating officer of The Sandbox, a video game and metaverse app, the company said in a release Monday.

  • The fund said it has already invested in a number of companies, including decentralized derivatives exchange FXDX and video games tech startup Breshnahttps://breshna.io/about.
  • Singapore-based Blockchain Founders Fund has been an early investor in blockchain, crypto, Web 3 and metaverse startups.
  • "We're very excited by the enthusiasm and support from key industry leaders to back entrepreneurs that will shape the Web3 ecosystem," ​​Blockchain Founders Fund Managing Partner Aly Madhavji said.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Brian Armstrong and Larry Fink (David Dee Delgado/Getty Images)

Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

What to know:

  • Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
  • At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
  • He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.