ABCDE Capital

ABCDE leverages Du Jun's deep integration with the exchange layer to identify infrastructure gaps that need filling — when a chain or protocol underperforms on liquidity or settlement, the team often knows before public markets react. They also run a zero-knowledge research fellowship that embeds them directly in academic and open-source contributor communities, generating early visibility into breakthroughs before formal company formation.

ABCDE has not publicly announced explicit sector exclusions, but its portfolio reveals a consistent avoidance of consumer-facing NFT platforms, metaverse land projects, and speculative memecoin infrastructure. The firm's capital flows almost exclusively into core protocol and middleware layers — data availability, execution environments, ZK-proving systems, and decentralized physical infrastructure.

The firm maintains legal entities in the United States (with a presence in San Francisco, Palo Alto, and New York) and in Berlin, Germany. This dual-hemisphere structure is designed to accommodate founder teams in both North American and European time zones and to navigate the distinct regulatory landscapes for token investments in each jurisdiction.

ABCDE co-invests actively alongside other crypto-native venture firms, particularly Polychain Capital and Hack VC, in shared infrastructure deals. The firm does not operate a formal co-investor club, but its deal-level syndicate patterns suggest a repeat-player network concentrated among funds with similarly deep technical research capabilities.