Blockchain Founders Fund (@BlockchainFF) header
Blockchain Founders Fund (@BlockchainFF) profile picture

Building a more transparent world 🌎

Singapore
Joined May 2018
Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)Photo by Blockchain Founders Fund (@BlockchainFF)
Last Week in Blockchain - 10th Nov 🚨 1. The SEC add 3 questions to its crypto-assets FAQ, addressing governance, network participation, functional vs. decentralized networks, providing guidance to crypto firms on federal securities rules. [TradingView: tradingview.com/news/newsbtc…]
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2. U.S. Bitcoin ETFs recorded net inflows of $74.6M after 6 sessions totaling $2.89B in outflows between Oct 29 and Nov 5, with BlackRock's IBIT contributing $112.44M as institutional investors reversed a prolonged withdrawal streak. [Startup Fortune: startupfortune.com/bitcoin-a…]
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Last Week In Blockchain - 3rd November, 2026 🚨 1. The FBI attributed the October 29 Binance hack that stole $6.3 billion across 10 blockchains to North Korea's TraderTraitor group, marking the largest cryptocurrency theft in history. [FBI via Euronews: euronews.com/2026/11/01/fbi-…]
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2. Ripple received final OCC approval on October 26 to establish Ripple National Trust Bank for managing segregated RLUSD stablecoin reserves, serving as collateral trustee, and providing fiduciary digital asset custody. [Cryptopolitan: cryptopolitan.com/ripple-occ…]
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Last Week in Blockchain - 26th October, 2026 🚨 1. Nine companies objected to tokenized trading of their shares on the OKX-ICE venue, the first issuer pushback against the SEC’s new tokenized stock framework [Crypto.news: crypto.news/okxice-faces-obj…]
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2. Solana activated Alpenglow on mainnet, replacing TowerBFT with Votor and cutting transaction finality from 12.8 seconds to ~150 milliseconds. Over 90% of validators were ready at activation. [CryptoBriefing: cryptobriefing.com/solana-ac…]
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The most interesting smart contract adoption in 2026 is happening outside DeFi. 🧵
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Corporate payments settling around the clock. Supply chain agreements releasing payment the moment delivery is confirmed on-chain. Service contracts executing when conditions are met, with nobody chasing anyone.
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This Week in Blockchain - 16th Oct, 2026 1. Thailand's SEC finalized 11 notifications permitting Bitcoin & Ether ETFs on Stock Exchange of Thailand requiring passive funds with 80% net exposure to single assets and SEC-regulated custodians. [The Block: theblock.co/news/regulation/…]
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2. Monetary Authority of Singapore announced that it will settle tokenized MAS Bills using wholesale Singapore dollar central bank digital currency in 2026 pilot with DBS, OCBC & UOB banks to preserve settlement certainty. [Mas.gov: mas.gov.sg/bonds-and-bills/a…]
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TOKEN2049 Singapore was all about what's working today. Who's actually using the infrastructure? How is AI changing the way companies build and operate? Where is the revenue coming from? @AhanRajgor and @niravbakshi1 spent the week in Singapore. Five shifts stood out. 🧵
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1. Institutions have moved from exploring to deploying. Coinbase switched on its $2.9B Deribit acquisition, Circle & Ripple invested in OKX at $25B valuation. Samsung Wallet starts USDC transfers in late October, reaching 82M devices. Winning teams look like fintech infra.
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Founders are facing questions in first meetings that would have felt excessive two years ago. The numbers explain why. 🧵
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Crypto VC funding hit $13.3B in H1 2026, nearly matching all of 2024. It went into 435 deals, down 78% from 2022. Seed rounds fell 88%. Capital per deal hit an all-time high. Traditional financial institutions joined more than half of all deals.
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This Week in Blockchain - 9th October, 2026 1. FinCEN withdrew its 2023 crypto mixing proposal on Oct 5, citing concerns that broad definitions could chill legitimate privacy use, also withdrawing a 2020 self-hosted wallet reporting rule. [The Block: theblock.co/news/regulation/…]
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2. The European Central Bank outlined three models for bringing central bank money onchain on Oct 2, including direct reserve issuance, interoperability layers linking existing systems, and tokenized reserves backed by central bank deposits. [The Block: theblock.co/news/regulation/…]
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How we evaluate new investments is changing. The first question we used to ask was "How good is the product?" Now we ask "Who can you reach that nobody else can?" 🧵
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Building a product has never been cheaper. With AI and no-code tools a startup can go from idea to prototype in weeks, so dozens of teams end up solving the same problem and launching within months of each other. Across our portfolio, the founders pulling ahead share one thing.
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"Hands-on" is the most common claim in venture capital and the least defined. BFF's version is specific, and it lives in four places. 🧵
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1. 𝗚𝗼-𝘁𝗼-𝗺𝗮𝗿𝗸𝗲𝘁 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻: Not a channel strategy on a slide. The first ten customers, sourced and closed alongside the founding team, so the motion is learned rather than theorised.
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Last Week in Blockchain - 5th October, 2026 1. Fed proposed two rules implementing the GENIUS Act framework: Board-supervised payment stablecoin issuers to hold reserve backing in short-term Treasuries, with a 60-day comment period. [Federal Reserve: federalreserve.gov/newsevent…]
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2. NYSE Group & Blockchain.com signed an MoU to explore 24/7 trading of tokenized U.S. stocks & ETFs through NYSE's planned digital alternative trading system for Blockchain.com's user base, subject to regulatory approvals. [The Block: theblock.co/news/web3/2026-0…]
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Crypto conferences stopped debating whether the technology works. In 2026, they debated who is liable when it does not. 🧵
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Consensus Hong Kong ran under "Digital Assets. Institutional Scale." Consensus Miami ran under "Convergence." Token2049 Dubai ran without a single banner theme and drew 15,000 people, 70% C-level. Three different designs. The same three subjects.
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Last Week in Blockchain - 24 August, 2026 1. SEC proposes new Regulation Crypto Assets: creating a $5M startup exemption, a $75M annual fundraising exemption, and safe harbor delinking tokens from investment contract status. [SEC.gov: sec.gov/newsroom/press-relea…]
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2. BTC posted its biggest weekly gain in more than two years, rising ~22% to a peak near $79.5K. The Treasury doubling long-end bond buybacks triggered the move, forcing ~$2.75B in short liquidations in 24 hours. [Bloomberg: bloomberg.com/news/articles/…]
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From pre-seed to the Nasdaq bell, Roundtable is now public. The first AI/DeFi enterprise platform for premium media, built to pay creators in real time, handing publishers ownership of their audiences. Kudos to the @RTB_io team - this is what building the future looks like.
This week, we rang the Nasdaq closing bell. I'm still catching my breath. Some backstory on why this one means so much. I've spent my career backing the idea that technology should put power directly in the hands of the people who create value. Roundtable is that idea made real for a $200B media industry - publishers paid in real time and owning the audience they build. Today, it's a public company. Roundtable (NASDAQ: RTB) is now the world's first AI/DeFi enterprise platform built for premium media. Live in Times Square, beta complete, millions of users already on the network. Blockchain Founders Fund backed this at pre-seed, before the platform, before the users, when it was still mostly conviction. It became our largest investment to date, and I stepped in as CFO because the thesis was too clean to walk away from. We believed it early. Watching it ring the bell is something else entirely. A milestone like this has a lot of hands on it. None of it exists without @JamesCHeckman, whose original vision started all of it. @Eyal Hertzog, who invented the DeFi protocol the entire platform runs on. Bill Sornsin, who carried the product and technical execution. And Walton Comer, whose leadership as Chairman steered us through the merger and the listing. To the @RTB_io team, @__MikeAlexander, Will Heckman, @jacksonaltonh, @csmith, @alpGasimov, @mehabspeaks, Liz Larson, Trent Pool, @caseycraig_ , Lior Cohen Avioz, Or Bachar, Zac Kirscher, George Oliva, Steven Fletcher, and partners Mike Fisher, @ScottSalomonNFL , @Sam_Phalen, Brad Call, @BradMSchultz, @brendangulick22 and @massey_evan , this moment belongs to you. You built it. And to the @BlockchainFF team who lived in the diligence, the structuring, and the late-night problem-solving. Mansoor Madhavji, Hossam Hamdy, @AhanRajgor, @niravbakshi1, @ErnestTan - you know exactly what this one took. Pre-seed to the @NasdaqExchange. What a road. NASDAQ: RTB. Onwards.
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Every crypto bear market looks different going down and identical underneath. 2014, 2018, 2022. Drawdowns of 76-85%, running 12 -18 months. Liquid markets fall first. Venture contracts on a lag, and the contraction shows up in deal count long before it shows up in dollars. 🧵
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That lag is why headline funding figures mislead founders. Capital concentrates into a few late-stage rounds while the early-stage market thins underneath.
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Last Week in Blockchain - 10th August, 2026 1. Wells Fargo announced tokenized deposits for corporate clients launching this fall, starting with USD-GBP cross-border settlement on its proprietary blockchain, joining JPMorgan and Citi. [Bloomberg: bloomberg.com/news/articles/…]
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2. A Coldcard firmware flaw let attackers regenerate private keys remotely, draining ~1,816 BTC (~$116M) from 5,200+ addresses. A 2021 update had collapsed seed entropy from 128 bits to 40. [Fortune: fortune.com/2026/08/03/bitco…]
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Every month we ask our portfolio founders one question. What do you need from us? 🧵
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The answers keep landing in the same place. Introductions to more clients, potential clients. Continued introductions to VCs. Help finding a Series Seed lead. An acquirer.
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This Week in Blockchain - 24th July, 2026 1. Japan's parliament passed legislation reclassifying cryptocurrencies as financial instruments, enabling spot bitcoin ETFs and cutting the top crypto tax rate from 55% to 20% starting in 2028. [CoinDesk: coindesk.com/policy/2026/07/…]
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2. The 21st Century ROAD to Housing Act became law on July 11 without President Trump's signature, prohibiting the Federal Reserve from issuing a central bank digital currency until December 31, 2030. [The Block: theblock.co/post/406548/hous…]
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Last Week in Blockchain - 17th July, 2026 1. Citadel Securities invested $400M in Crypto.com on July 16, first institutional funding round since founding & providing capital for expansion into tokenized securities & derivatives. [CoinDesk: coindesk.com/business/2026/0…]
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2. Cardano Foundation ratified a hard fork initiation on July 13 with Protocol Version 11 enactment scheduled for July 18, requiring node operators & infrastructure providers to upgrade before the deadline or face network incompatibility. [TradingView: tradingview.com/news/coinmar…]
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This Week in Blockchain - 10th July, 2026 1. Swift launched blockchain-based shared ledger with 17 banks across six continents, built on Linea (Ethereum L2), enabling 24/7 cross-border payments using tokenized deposits. [CoinDesk: coindesk.com/business/2026/0…]
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2. The SEC placed "Regulation Crypto" as its top July priority, the first crypto-specific rulemaking in agency history, with a 4-year startup exemption, $75M fundraising pathway, and safe harbor for projects transitioning to decentralization. [CoinDesk: coindesk.com/policy/2026/07/…]
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