All funds
QBN Capital logo

QBN Capital

Website
$111Tdisclosed portfolio round capital
1 Nov, 2022last investment
6portfolio companies
7team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across seed, series a, series b, unknown. Later-round outcomes are capped at the period end.

50%companies with a later round · 3/6
14.67×median round-size step-up · n=3
Not availablemedian valuation step-up · n=0
25%recorded-solo rate · 2 solo / 6 syndicated
Finance · 3 companiesAsset Management · 1 companiesService Provider · 1 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

Opportunities

Crypto jobs across QBN Capital's portfolio

17 current roles at companies backed by QBN Capital, sourced from JobStash's crypto job board.

People

Team

A

Andy Tung

Managing Partner

F

Frank Tong

Managing Partner

P

Philea Chim

Senior VP

P

Piers Hedley

Senior Advisor

R

Raymond Cheng

Senior Advisor

V

Violet Ho

Investment Analyst

Z

Zhijian Yang

Senior Advisor

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where QBN Capital is recorded as an investor.

Applied Blockchain Ltd logo

Applied Blockchain Ltd

crypto
Service Provider

Applied Blockchain is a blockchain technology company that advises, designs, and builds solutions for startups and global enterprises. Its services span blockchain, advanced cryptography, secure enclaves, data privacy, tokenisation, digital assets, payments, and supply-chain applications.

Unknown1 Jul, 2022$15M round
Grants1 Feb, 2022
Unknown6 Aug, 2021$33T round
Unknown22 Apr, 2021$17T round
Seed27 Apr, 2020$2.5T roundRecorded solo · lead signal
Unknown1 Apr, 2020$2.5M roundRecorded solo · lead signal
Seed18 Jan, 2018$2.1T round
Archax logo

Archax

crypto
Finance

Archax helps institutions access digital assets by operating a regulated exchange, brokerage, and custodian for cryptocurrencies, tokenized securities, and real-world assets.

Unknown1 Aug, 2025
Series A8 Nov, 2022$29T round
Seed1 Oct, 2020$8M roundSyndicated · 8 disclosed investors
Strategic1 Feb, 2019
Crypto Finance Group logo

Crypto Finance Group

crypto
Finance

Crypto Finance Group is a Swiss digital-asset financial services company and part of Deutsche Börse Group. It provides regulated institutional custody, trading, staking, and related infrastructure services to banks, financial intermediaries, and other institutional clients across Switzerland, Germany, and Europe.

Series B16 Apr, 2020$14T roundSyndicated · 4 disclosed investors
Series A10 Dec, 2018$3.2T round
Series A19 Dec, 2017$18T round
Angel Round15 Oct, 2017$1.5T round
Frictionless Markets logo

Frictionless Markets

hybrid
Asset Management

Frictionless Markets provides a protocol and full-service platform for issuing and managing tokenized financial assets and digital securities, operating under Luxembourg's legal framework. The company offers institutional cash solutions, including tokenized deposit tokens for various fiat currencies (fsUSD, fsEUR, etc.) and institutional cash funds invested in assets like BlackRock funds and U.S. Treasuries. Their services, which include tokenization, digital fund administration, and custody, are designed for institutional clients, accredited investors, CFOs, and corporate treasurers to facilitate secure, instant, and compliant global capital movement on EVM-compatible blockchains.

Seed1 Nov, 2022$1.3M roundSyndicated · 2 disclosed investors
Hex Trust logo

Hex Trust

crypto
Uncategorized

An Asia-based digital asset custodian providing secure and compliant services for institutions.

Series B17 Mar, 2022$88T roundSyndicated · 23 disclosed investors
Unknown5 Oct, 2021$10T round
Series A29 Mar, 2021$6T roundSyndicated · 7 disclosed investors
HKbitEX logo

HKbitEX

crypto
Finance

HKbitEX is a Hong Kong-licensed virtual asset exchange offering spot and OTC trading for institutional and individual investors. It emphasizes regulatory compliance, insurance coverage, and tokenized real-world asset initiatives.

Series A1 Dec, 2020$10M roundSyndicated · 7 disclosed investors