According to BlockBeats, Saison Capital, a venture capital arm of Japan's Credit Saison, has announced the establishment of a blockchain-focused investment fund named Onigiri Capital. The fund aims for an initial target size of $50 million and has already secured commitments totaling $35 million.
Onigiri Capital will concentrate on investing in startups that develop solutions for stablecoins, payments, asset tokenization, decentralized finance (DeFi), and financial market infrastructure related to real-world assets (RWA).
The fund is co-led by Qin En Looi and Hans de Back, both of whom possess extensive experience in fintech and digital asset investments across Asia. Onigiri Capital plans to leverage Credit Saison's network in Japan, South Korea, Singapore, Malaysia, Indonesia, and the Philippines to connect U.S. startup projects with the Asian cryptocurrency community and financial institutions.