NGC Ventures

NGC screens for early-stage blockchain infrastructure projects — protocol layers, data indexing, storage, and interchain operability — across Asia and the US. The firm's team operates validator nodes via NGC StakeX on multiple proof-of-stake networks, which provides direct visibility into protocol roadmaps and technical communities before formal financing rounds. This operational proximity, combined with General Partners' networks from prior venture and banking roles, filters deal flow toward founders building lower-stack components of the crypto ecosystem.

NGC structures its participation to include both equity and token warrants, typical of early-stage crypto venture rounds. The firm's portfolio includes protocols where seed-stage equity converted alongside mainnet token launches, such as Solana and Avalanche. The firm has not publicly disclosed the ratio between equity positions and pure token-side agreements across its current fund vehicle.

NGC StakeX is the firm's in-house staking and validation business, operated by partner Zi-hao Chen. It secures proof-of-stake networks — including Algorand, Skale, and NYM — by running validator nodes. This generates staking yield and voting power while creating an operational lens into protocol governance and network health, which feeds back into NGC's early-stage investment decisions on infrastructure projects.

NGC does not publish an exclusion list, but its stated investment thesis explicitly concentrates on blockchain infrastructure and DeFi, and it does not maintain allocations to traditional equities, real estate, credit, or non-crypto venture sectors. Its portfolio lists no healthcare, enterprise-software, or physical-asset investments outside of decentralized physical infrastructure (DePin) — a category it approaches from the crypto-native protocol side rather than industrial-operating expertise.