No Limit Holdings

No Limit Holdings

No Limit Holdings launched its first vehicle, CVP NoLimit Fund I, in February 2022 with co‑founders Gin Chao and Jeremy Huff — the latter joining in May 2024 directly from Morgan Stanley’s China COO role. The firm operates through a fundraising and deployment joint venture with Shanghai‑based consumer and technology growth equity manager ClearVue Partners, a structure that pairs crypto‑native investment expertise with institutional operating discipline. NLH commits exclusively to early‑stage blockchain protocols and token‑equity hybrids. The firm’s written portfolio spans smart‑contract layer‑1s including Sui, Sei, and Berachain; DeFi yield protocols such as Pendle and Ethena; and decentralized compute networks like Grass and Aethir. Strategy is concentrated: the managers back a limited number of teams from seed to network launch, then embed operating resources to recruit talent and complementary projects. Fund I closed above $50 million in committed capital in July 2023, and a second, oversubscribed fund — CVP NoLimit Fund II — was completed in June 2025, aimed at the coming expansion the firm publicly expects to push total crypto market capitalization toward $15 trillion by 2030. Team size is not disclosed; the website lists nine core members plus two operating partners who also sit within ClearVue. Activity is globally distributed from a Grand Cayman headquarters with no disclosed regional offices, though the co‑founders’ prior tenures at Morgan Stanley and CVP’s Shanghai base suggest an operational bridge into Asia. The most recent dated event is the June 2025 final close of Fund II, preceded by a July 2024 appearance of Gin Chao on the Decentralised Podcast forecasting that Bitcoin dominance will persist above 20% for at least two more halving cycles. The structural differentiator is the embedded joint‑venture with a traditional private‑markets firm. ClearVue Partners provides fundraising infrastructure and institutional process, while NLH’s team makes the investment calls and acts as an active studio for portfolio companies — founders repeatedly cite the firm’s role in building out their ecosystems rather than simply providing capital. That hybrid architecture lets NLH operate like a micro‑allocationing venture studio while tapping a commingled LP base.