Global Coin Research

Joyce Yang serves as Founder and CEO, leading all investment decisions and publishing the firm's market research. Before launching the fund in 2021, Yang built the Global Coin Research media and research platform independently, establishing a track record of analysis on crypto infrastructure and Asian markets. No additional investment partners or principals are publicly disclosed.

The firm's deal origination is anchored in its research platform, which has published in-depth, primary-source reporting on Asian crypto markets since before the fund launch. This publishing activity creates a continuous inbound of founder relationships and early market intelligence from Southeast Asia, India, and East Asia. Yang's direct engagement with developer communities in these regions constitutes the core sourcing moat.

It operates as both. The entity runs a venture capital fund making early-stage equity and token investments, while continuing to publish subscription-based market research under the same brand. The two functions are structurally integrated: the research arm identifies themes and founders that inform investment decisions, creating a distinctive publication-to-fund pipeline uncommon among crypto-native venture firms.

Yes. In addition to its early-stage venture strategy, Global Coin Research manages a liquid token fund. This dual-vehicle structure allows the firm to express conviction across different stages of protocol maturity, from pre-seed equity to publicly traded tokens, without imposing venture-only constraints on its investment thesis.

The firm concentrates on Asia's web3 ecosystems, with deal activity documented across Southeast Asia, India, and East Asia. Yang's research background and language capabilities give the firm sourcing advantages in markets where Western venture firms often rely on second-degree introductions rather than direct, primary relationships with local founding teams.

The venture arm focuses on pre-seed and seed-stage rounds, positioning as a first-check investor in early-stage web3 startups. Portfolio activity documented in public records includes seed investments in protocols and platforms at the earliest stages of development, often alongside other crypto-native funds like Multicoin Capital.

The firm has not published explicit sector exclusions. Given its Asia-focused, infrastructure-and-applications thesis, sectors outside the web3 stack are effectively outside scope. There is no record of investments in biotech, traditional enterprise SaaS, hardtech manufacturing, or other non-crypto sectors, making those de facto exclusions by investment mandate.