Qiao Wang is a crypto-native angel investor and entrepreneur based in the United States. He is best known as co-founder of Alliance DAO, one of the most active accelerator communities in the Web3 space. Before moving full-time into crypto, Wang worked as a quantitative researcher and trader at Two Sigma, the New York-based hedge fund. That background in quantitative finance shaped his approach to evaluating early-stage crypto protocols – he focuses on token economics, market structure, and founder quality.
Wang became a prominent voice in DeFi circles around 2019–2020, when he began publicly sharing analysis on decentralized exchanges, liquidity mechanisms, and protocol design. His reputation as an angel investor grew alongside his community influence on crypto Twitter (now X), where he has built a following among founders and traders. His investment thesis centers on infrastructure and consumer-facing DeFi products, particularly those that address real liquidity or accessibility problems rather than purely speculative instruments.
Notable investments
Detailed public disclosure of Wang's personal angel portfolio is limited. Through Alliance DAO – which he co-founded with Imran Khan – he has been associated with hundreds of early-stage crypto projects since the accelerator launched around 2020. Alliance batches have included teams building in DeFi, NFT infrastructure, gaming, and developer tooling. However, attributing specific deals to Wang personally versus Alliance as an institution is difficult without confirmed deal disclosures.
- Alliance DAO portfolio companies – the accelerator has backed over 300 teams across multiple cohorts. Public alumni include projects in the DeFi, GameFi, and consumer crypto categories. Full alumni list available at alliance.xyz.
- Wang has publicly expressed support for DEX aggregators and liquidity layer projects, though specific check sizes and deal terms are not disclosed.
Public information about the specific six portfolio companies attributed to Wang in deal databases is limited. The number likely reflects direct angel checks separate from Alliance's institutional investments.
Team
Wang co-leads Alliance DAO alongside Imran Khan, who also has a background in trading and crypto venture. The two run Alliance as a community-driven accelerator rather than a traditional venture fund – founders gain access to a peer network, mentorship, and follow-on introductions rather than solely capital. The model has made Alliance one of the more founder-cited resources in the early-stage crypto ecosystem.
Recent activity
As of early 2026, Wang remains active both as an angel investor and as a public commentator on crypto market structure. Alliance DAO has continued running accelerator cohorts, expanding its reach into Southeast Asia and other emerging crypto markets. Wang has spoken at industry events on topics including DeFi sustainability, the evolution of on-chain order books, and founder mental health in bear markets – a topic he has addressed candidly in public forums.
Wang does not manage a named fund with disclosed AUM. His investing activity appears to be personal angel checks supplemented by his role at Alliance. For founders seeking Alliance participation, applications are open periodically at alliance.xyz. For broader context on his public commentary and investment views, his posts on X (@QwQiao) are the most consistent primary source. Given the limited public disclosure around his direct angel book, any portfolio data sourced from third-party databases should be treated as approximate.