Blockchain Founders Fund (BFF) is a Singapore-based venture capital firm focused on early-stage blockchain and Web3 startups. The fund targets founders building infrastructure, decentralised finance, and Web3 application layers, with a geographic lean toward Asia-Pacific projects that have global ambitions. Singapore's position as a regulated crypto hub makes it a natural base for a fund targeting both Southeast Asian deal flow and cross-border token ecosystems.
BFF operates as an operator-led fund, meaning its general partners bring hands-on startup experience rather than purely financial backgrounds. The firm has disclosed a portfolio of 14 companies with six deals where it took a lead position – a relatively high lead ratio that signals conviction-based investing over passive participation in large syndicates. Public information about total assets under management has not been disclosed as of early 2026.
Notable investments
Public information about specific portfolio companies is limited. BFF has not maintained a consistently updated public portfolio page, and many early-stage investments in crypto venture remain undisclosed until token launches or acquisition events. With a retail ROI of 0.94 across tracked positions, the fund's public-market returns have been slightly below breakeven – a result consistent with many 2021-era blockchain funds whose token portfolios were marked down during the 2022 bear market and have not fully recovered.
Team
Public information about the full founding team and managing partners is limited. The fund has been associated with operator-founders who have backgrounds in enterprise blockchain, startup building, and token economics. Specific GP names and bios are not consistently published across authoritative sources, and the team page on the official site has not always been publicly indexed.
Recent activity
BFF has maintained a relatively quiet public profile over 2024 and 2025. No major fund closes, high-profile exits, or lead investments have been announced in mainstream crypto media during this period. The fund's activity appears to be concentrated in portfolio support rather than new deployment at scale, which is consistent with a capital-preservation posture many early-stage blockchain VCs adopted after the FTX contagion and subsequent regulatory tightening across Southeast Asia.
For founders seeking BFF capital, the fund's operator-first model suggests it prioritises deal quality over volume. With a modest public footprint and a lead-heavy portfolio construction, BFF fits the profile of a conviction-stage fund rather than a spray-and-pray participant. Prospective LPs and co-investors should request current portfolio data directly, as public aggregator coverage – including Crunchbase – remains sparse and may not reflect the fund's current NAV or active positions.
