Key Takeaways
- • CMCC Global, a Hong Kong-based crypto venture capital firm, completed the first close of its Titan Fund at US$100 million with participation from more than 30 investors, targeting blockchain and Web3 startups across Asia.
- • Block.one (B1) led the fundraising round with a US$50 million commitment, alongside other major institutional investors including Winklevoss Capital and Jebsen Capital.
- • The fund's leadership team includes Martin Baumann, Charlie Morris, and Shiau Sin Yen, positioning CMCC Global as a significant player in Asia-focused blockchain venture capital during a period of broader industry contraction.
- • The Titan Fund will back early-stage blockchain entrepreneurs and Web3 companies across the Asia region, with Terminal 3 confirmed as a portfolio company.
Summary
Hong Kong-based crypto venture capital firm CMCC Global has officially launched the Titan Fund, completing its first close at US$100 million on Wednesday. The fund closed with commitments from more than 30 institutional and strategic investors, marking a substantial capital deployment into blockchain and Web3 ventures at a time when the broader cryptocurrency industry faces significant headwinds.
The fundraising round was led by Block.one (B1), which committed US$50 million—half of the total first close—underscoring confidence from major blockchain infrastructure players. Additional investors in the round include Winklevoss Capital and Jebsen Capital, reflecting participation from both established crypto-native investors and traditional family office capital. The diversity of the investor base suggests institutional appetite for Asia-focused blockchain venture investments remains intact despite near-term market volatility.
The Titan Fund will focus exclusively on supporting blockchain and Web3 startups across the Asia region, with particular emphasis on entrepreneurs building innovative decentralized applications and infrastructure. The fund's leadership team—comprising Martin Baumann, Charlie Morris, and Shiau Sin Yen—brings established expertise in the cryptocurrency and blockchain ecosystems. Terminal 3, a blockchain platform, has been confirmed as an early portfolio company, indicating the fund has already begun capital deployment.
The launch reflects CMCC Global's strategic positioning as a leading venture capital firm in Hong Kong with regional reach across Asia. The timing of the fund's completion, despite current industry headwinds, suggests that institutional capital continues to distinguish between high-conviction blockchain opportunities and speculative crypto assets, with experienced managers attracting meaningful commitments for disciplined, thesis-driven investments in Web3 infrastructure and applications.
The fundraising round was led by Block.one (B1), which committed US$50 million—half of the total first close—underscoring confidence from major blockchain infrastructure players. Additional investors in the round include Winklevoss Capital and Jebsen Capital, reflecting participation from both established crypto-native investors and traditional family office capital. The diversity of the investor base suggests institutional appetite for Asia-focused blockchain venture investments remains intact despite near-term market volatility.
The Titan Fund will focus exclusively on supporting blockchain and Web3 startups across the Asia region, with particular emphasis on entrepreneurs building innovative decentralized applications and infrastructure. The fund's leadership team—comprising Martin Baumann, Charlie Morris, and Shiau Sin Yen—brings established expertise in the cryptocurrency and blockchain ecosystems. Terminal 3, a blockchain platform, has been confirmed as an early portfolio company, indicating the fund has already begun capital deployment.
The launch reflects CMCC Global's strategic positioning as a leading venture capital firm in Hong Kong with regional reach across Asia. The timing of the fund's completion, despite current industry headwinds, suggests that institutional capital continues to distinguish between high-conviction blockchain opportunities and speculative crypto assets, with experienced managers attracting meaningful commitments for disciplined, thesis-driven investments in Web3 infrastructure and applications.
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