Onigiri Capital

Onigiri Capital is a venture capital firm that invests in early-stage blockchain startups, focusing on companies that are building the future of finance. The firm's investment mandate is anchored in fostering trust, scalability, and institutional adoption within the blockchain ecosystem. Key areas of investment include stablecoins, tokenization, payments, infrastructure, and decentralized finance (DeFi), with a particular emphasis on real-world asset (RWA) solutions.

The firm was launched in September 2025 by Saison Capital, the corporate venture arm of Japan's Credit Saison, one of Japan's largest non-bank financial companies. Onigiri Capital was established with a target fund size of $50 million, having secured $35 million in commitments from financial institutions across Asia and the U.S. The fund aims to serve as an institutional-grade bridge, connecting global innovation, particularly from the U.S., with Asia's established blockchain and financial networks.

Onigiri Capital's portfolio includes companies such as Accountable, which empowers organizations to verify and share financial data in real-time; Checker Finance, a global liquidity network for stablecoins; and Pointsville, which enables businesses to create and manage digital assets and loyalty programs. The firm also co-leads the RWA Bento initiative with Centrifuge, a launchpad designed to support tokenization startups.

The leadership team comprises Managing Partners Qin En Looi and Hans de Back, who bring extensive experience in fintech and digital asset investments across Asia. Qin En Looi, also a Partner at Saison Capital, has led over 40 blockchain investments and is involved in regulation and policy, including organizing ONCHAIN, Asia's first conference dedicated to real-world assets. The team leverages Credit Saison's deep network across Asian markets, including Japan, South Korea, Singapore, Malaysia, Indonesia, and the Philippines, to provide portfolio companies with crucial institutional access and regulatory expertise.