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Top 5 China Blockchain Investors in 2025: The Founder's No-BS Guide (Mainland + Hong Kong)

Deqian Jia
Deqian Jia
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China InvestorsBlockchain InvestorsWeb3CryptoFundraisingVenture Capital

If you're fundraising for a blockchain/Web3 startup "in China" in 2025, you're really dealing with two different worlds:

  • Mainland China: regulators continue to treat many virtual-currency business activities as illegal financial activities (and warn specifically about stablecoin risks). (People's Bank of China)
  • Hong Kong SAR: a licensed, compliance-forward digital-asset market has been developing under its VATP regime and related guidance. (SFC Hong Kong)

When preparing your pitch to China blockchain investors, having a professional data room is essential. Peony helps blockchain startups organize investor materials with AI-powered document organization, track investor engagement with page-level analytics, and securely share sensitive financial and operational data. With transparent pricing at $40/user/month, Peony delivers enterprise-grade secure data rooms without the $5,000-20,000 per-deal costs of legacy platforms.

So this guide focuses on Greater China investors (Hong Kong SAR + mainland headquartered teams) who are actively deploying into blockchain and have real brand weight with founders.

1) How to pick the right China blockchain investor (fast, founder-friendly filter)

A. Start with the only question that matters: where can this legally live?

If your model touches tokens, exchanges, stablecoins, or on/off-ramps, investors will immediately ask "jurisdiction + compliance plan." Mainland policy risk is not theoretical. (People's Bank of China) If you're HK-forward, understand the VATP licensing context and what "compliance-grade" means in practice. (SFC Hong Kong)

B. Match their thesis to your wedge

Most top crypto funds in the region cluster into a few "buckets":

  • Compliance rails & institutional crypto (custody, broker, tokenization, regulated products)
  • Infra (L1/L2, interoperability, security, ZK, DA, tooling)
  • Web3 consumer (gaming, identity, creator economy, social)
  • DeFi / RWAs (but expect heavy scrutiny on risk + distribution)

C. Know if they're "helpful" in the way you need

Some investors are incredible at:

  • Asia distribution and ecosystem intros
  • Exchange/market structure insights
  • Token go-to-market (when appropriate) Others shine at institutional partnerships and regulated market access.

D. Optimize for partner fit + decision velocity

At seed, "brand" matters less than:

  • One partner who gets your product instantly
  • A realistic path to conviction (tech diligence, references, risk)
  • A timeline that won't kill you

E. Look for proof they're active right now

In this guide, each pick has clear signals of activity (new products, announcements, ongoing portfolio scale, or recent deal flow). (HashKey Capital)

2) The Top 5 China blockchain investors in 2025 (with founder-useful details)

1) HashKey Capital (Hong Kong SAR) — best for "regulated, institutional-grade" Web3

Why they're top-tier: HashKey is one of the most credible compliance-native crypto groups in Asia, with a huge platform footprint. HashKey Capital positions itself as crypto-native and global, citing 400+ portfolio companies and multiple flagship funds. (HashKey Capital)

2025 activity signal: HashKey Capital launched the HashKey 20 Index Fund in collaboration with FTSE Russell (LSEG). (HashKey Capital) Also, HashKey's broader group momentum is visible via its Hong Kong market profile (IPO coverage). (Reuters)

Best fit for:

  • Exchanges/brokerage/custody infrastructure, tokenization, institutional DeFi/RWA
  • Startups that win on trust, compliance, distribution, not vibes

What they'll press you on: licensing strategy, custody/security architecture, market integrity, and how you avoid regulatory landmines. (Expect adult supervision.)

How to get in: warm intros from HK ecosystem operators, regulated partners, and founders in their orbit—plus a crisp compliance narrative from slide 1.

2) Animoca Ventures (Hong Kong SAR) — best for Web3 consumer + gaming + digital property

Why they're top-tier: Animoca is one of the most influential Web3 builders/investors in Hong Kong, with a dedicated venture arm focused on early-stage Web3. (animoca.ventures) Industry recognition also consistently places Animoca's venturing leadership among top corporate venture operators. (Global Venturing)

2025 activity signal: Animoca (as a group) is directly involved in major HK digital-asset infrastructure moves, like joining a JV to pursue an HKD-backed stablecoin license (with Standard Chartered HK and HKT). (Reuters)

Best fit for:

  • Blockchain gaming, consumer Web3, identity, creator tools, digital property rights
  • Teams where distribution + ecosystem partnerships are a core part of the strategy

What they'll press you on: real user demand, retention loops, and why Web3 makes the product better (not just token-enabled).

How to get in: show traction or a credible "unlock" (IP, distribution, community). If you're pre-traction, you need a truly sharp consumer thesis + killer execution plan.

3) OKX Ventures (Hong Kong SAR) — best for infra + DeFi + "exchange-adjacent" ecosystems

Why they're top-tier: OKX Ventures is explicit about investing across infrastructure, L2, DeFi, Web3, etc., backed by an initial stated capital base and a broad mandate. (OKX)

2025 activity signal: OKX continues to publish and update ecosystem content and funding activity, reinforcing that Ventures remains active and market-facing. (OKX)

Best fit for:

  • Infra, scaling, DeFi primitives, middleware, tooling
  • Teams who benefit from exchange ecosystem knowledge and global crypto networks

What they'll press you on: security, composability risk, liquidity/market structure assumptions, and whether you can survive volatility.

How to get in: clear technical differentiation + measurable adoption (devs, usage, TVL where relevant) + a sober story on risk controls.

4) Fenbushi Capital (Shanghai) — best for long-horizon Web3 builders with deep tech credibility

Why they're top-tier: Fenbushi is one of Asia's earliest blockchain-focused firms (founded 2015) and positions itself as a Web3-focused asset manager with meaningful AUM and a massive portfolio footprint. (Fenbushi)

2025 activity signal: Fenbushi continues publishing active research/industry theses in 2025, a common indicator the team is still deeply engaged in sourcing and conviction-building. (Fenbushi)

Best fit for:

  • Infra, payments, cross-border settlement, security, "real" blockchain utility
  • Founders who want thoughtful investors (and can handle real diligence)

What they'll press you on: fundamentals, defensibility, real economic value created (not just token price).

How to get in: lead with your technical core + why you win long-term. Fenbushi-style investors tend to respond well to clarity and first-principles thinking.

5) LD Capital (Beijing / China) — best for teams that understand crypto markets and execution

Why they're top-tier: LD Capital is widely referenced as a major Asia crypto investor/trader operating across primary and secondary markets, and PitchBook lists it as Beijing-based with blockchain focus. (ldcap.com)

2025 activity signal: PitchBook reflects ongoing investing activity (including a latest investment timestamp), and third-party datasets track a large cumulative investment count. (PitchBook)

Best fit for:

  • Crypto-native teams who can execute fast and navigate market cycles
  • Protocols/apps that will be evaluated with a "does this actually work in the wild?" mindset

What they'll press you on: token design discipline (if applicable), liquidity assumptions, and whether growth is real or mercenary.

How to get in: show momentum and a clean narrative: what's launched, what's growing, what's next, and what could kill it (and how you mitigate).

3) 5 quick tips for pitching China/HK blockchain investors (that actually raise money)

  1. Put compliance in the first 3 slides. Investors know the mainland vs HK split cold; don't make them guess your risk posture. (People's Bank of China)

  2. Show your "Asia distribution advantage" explicitly. If you're raising from Greater China investors, they'll expect a plan for partners, exchanges, communities, or enterprise buyers in-region.

  3. Prove security maturity early. Audit plan, threat model, custody assumptions, and how you prevent catastrophic failures. In 2025, this is table stakes for serious checks.

  4. If tokens are involved: be crisp and conservative. Token utility, emissions, unlocks, governance, and a realistic liquidity story. No hand-wavy "token = growth."

  5. Bring receipts: founder references + ecosystem signals. Warm intros matter more here than almost anywhere. Get founders in their orbit to vouch for execution speed and integrity. Use a professional data room like Peony to organize materials with AI-powered organization and track investor engagement with page-level analytics.

Why professional data rooms matter for China blockchain fundraising

Blockchain startups need to present complex documentation—compliance plans, security audits, financial projections, and validation data—professionally to build investor confidence in a regulated market.

Peony helps blockchain startups create investor-ready data rooms with AI-powered organization that sets up in minutes instead of weeks.

Key benefits: page-level analytics show which documents investors review most, enterprise security protects sensitive information, and transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal.

Conclusion

Raising capital from China blockchain investors in 2025 requires matching your compliance posture, thesis, and Asia distribution strategy to the right funds. The investors on this list are actively deploying, but they're selective. Bring compliance clarity, security maturity, and a clean data room—not just vision.

Having a professional data room is table stakes for serious China blockchain fundraising. Peony helps blockchain startups organize investor materials, track engagement, and securely share sensitive financial and operational data at a fraction of legacy platform costs.

Ready to pitch China blockchain investors? Set up your investor data room with Peony in minutes, not weeks.

Q&A Section

What's the best way to organize investor materials for China blockchain fundraising?

Peony offers AI-powered document organization that automatically structures compliance plans, security audits, financials, and validation data into a professional data room in minutes. Page-level analytics show which documents investors review most, helping you anticipate questions.

How can I track which China blockchain investors are most engaged with my pitch?

Peony provides page-level analytics showing which documents investors review and how much time they spend on each section. This helps identify serious investors and tailor follow-up conversations with actionable insights.

What's the most cost-effective data room solution for blockchain startups raising capital?

Peony offers transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal. For a 5-person team, Peony costs $200/month vs $3,000-5,000+ for legacy platforms, delivering enterprise features at startup-friendly pricing.

How do I securely share sensitive financial and operational information with China blockchain investors?

Peony provides enterprise-grade security with identity-bound access, dynamic watermarking, and screenshot protection. With link expiry and instant access revocation, you maintain complete control over sensitive documentation.

What data room features are essential for blockchain startups pitching to investors?

Blockchain startups need data rooms that handle complex documentation: compliance plans, security audits, financials, and validation data. Peony offers AI-powered organization, page-level analytics, custom branding, and comprehensive security. With 10-minute setup vs weeks for legacy platforms, Peony helps blockchain startups look professional without breaking the budget.

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