Japan’s Credit Saison, the third-largest credit card issuer, has launched Onigiri Capital, a $50M blockchain fund. The fund supports US blockchain startups focusing on real-world asset applications. With growing interest in decentralized finance (DeFi) and blockchain’s role in traditional finance, Onigiri Capital aims to connect US innovators to Asian markets.
Onigiri Capital: A Strategic Move by Credit Saison
Onigiri Capital, managed by Credit Saison’s venture arm, Saison Capital, is targeting early-stage blockchain startups. The fund offers US companies access to Asian financial markets, banking ties, and regulatory expertise. This initiative underscores the importance of Asia in blockchain finance.
To date, the fund has raised approximately $35 million, with a goal to reach $50 million. Credit Saison will focus on companies developing payment tools, tokenization, stablecoins, and DeFi solutions. Asia’s increasing demand for real-world asset innovation makes Onigiri Capital a key player in connecting US developers to these markets.
A Strong Link Between US and Asian Blockchain Markets
Asia is becoming a crucial hub for blockchain finance. However, many US blockchain startups struggle to navigate the region’s complex regulatory environment and financial systems. Onigiri Capital aims to address this by providing local networks and regulatory expertise in markets like Japan, Singapore, Indonesia, South Korea, Malaysia, and the Philippines.
The fund combines capital with deep regional expertise, helping startups expand internationally. It offers insights into local business ecosystems, boosting the chances of success in Asia’s rapidly growing blockchain sector.
Navigating the Challenges of the Current Market
Onigiri Capital’s launch comes at a challenging time for the global crypto funding market. Higher interest rates and FTX’s collapse have dampened investor sentiment. Despite these setbacks, interest in DeFi and real-world asset applications remains strong.
Credit Saison believes these areas will continue to drive blockchain development, even amid market uncertainty. By focusing on practical financial infrastructure, the fund is well-positioned to support blockchain’s growth, especially in Asia.
