
Credit Saison’s Onigiri Capital has raised $35 million toward a $50 million target, focusing on real-world asset tokenization, DeFi, and cross-border financial infrastructure between the U.S. and Asia.
Credit Saison announced the launch of Onigiri Capital, a new blockchain-focused venture fund targeting $50 million, with $35 million already secured. The fund, backed by Credit Saison and other investors, will focus on startups developing stablecoins, tokenization platforms, payment infrastructure, and DeFi products. Led by managing partners Qin En Looi and Hans de Back, Onigiri Capital aims to connect U.S. founders with Asia’s growing digital asset markets through Credit Saison’s financial networks across Japan, Korea, Singapore, Malaysia, Indonesia, and the Philippines. The initiative comes amid a downturn in crypto venture capital activity, with global fundraising falling sharply from its 2022 peak.