Credit Saison Venture Capital launches blockchain fund, focusing on physical asset startups

Huobi HTX reported that the venture capital division of Credit Saison, Japan's third largest credit card issuer, launched the Onigiri Capital blockchain investment fund, with a total scale of US$50 million and has received $35 million in investment, which can accept up to another $15 million. The fund focuses on early stage physical asset startups, including stablecoins, payments, asset tokenization and DeFi, especially connecting the Asian market, providing American entrepreneurs with a springboard to enter Asia and combining Silicon Valley innovation with Asian institutional resources. Global crypto venture capital financing is still sluggish this year, raising only about US$3.7 billion, mostly flowing to financial services and DeFi projects.