Saison Capital, the investment arm of Japan’s Credit Saison, has launched Onigiri Capital, a blockchain fund with $50 million for investing in blockchain startups.
The fund has already received $35 million in pledges from banks and financial institutions in Asia and the U.S.
Onigiri Capital will focus on startups that are creating solutions for real-world assets in areas like stablecoins, payments, and tokenized assets.
It will also invest in companies working on decentralized finance (DeFi) and financial market infrastructure.
The fund will be managed by Looi Qin En, a partner at Saison Capital, and Hans de Back, the managing partner at Onigiri Capital.
The fund aims to take advantage of the increasing use of blockchain technology by large institutions.
Companies like BlackRock, Goldman Sachs, MUFG, and Bank of China are already integrating blockchain into their financial systems.
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