CMS Holdings is a proprietary, partner-owned venture capital firm focused on making investments across the cryptoasset ecosystem, deploying capital in both liquid and illiquid crypto tokens as well as equity stakes in blockchain companies. Founded in 2019 by ex-Circle Trade executives, the firm is based in New York.
31% of their portfolio is in Crypto & Web3. Their most common stage is seed (43% of deals). Average disclosed round size is $19.1M (across 55 rounds with reported amounts).
Portfolio
55
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
JT
J. Tucker Watson
Venture
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
58 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 SpaceComputer | Seed | $10M | Nov 2025 |
| BBilly Bets | Pre-Seed | $1M | Sep 2025 |
| NNoxtua | Series B | $80.7M | Apr 2025 |
 Arch Network | Series A | $13M | Apr 2025 |
 Ambit Finance | Series A | $4.5M | Jan 2025 |
 Reppo | Unknown | $2.2M | Jan 2025 |
| ZZoo Finance | Unknown | $8M | Jan 2025 |
| MMoonwalk Fitness | Unknown | $3.4M | Oct 2024 |
| DDrop Protocol | Seed | $4M | Oct 2024 |
| AAPRO Oracle | Seed | $3M | Oct 2024 |
 Uxuy | Seed | $7M | May 2024 |
| SScallop | Unknown | $3M | Mar 2024 |
| RRoot Protocol | Seed | $10M | Jan 2024 |
 Hermetica | Seed | $1.7M | Jan 2024 |
| CC3 Protocol | Seed | $6M | Jan 2023 |
| KKYVE Network | Unknown | $9M | Jun 2022 |
 Stakes | Seed | $5.3M | May 2022 |
 GamerGains | Seed | $5.8M | Apr 2022 |
 zkLend | Seed | $5M | Mar 2022 |
| EEizper Chain | Seed | $1.6M | Mar 2022 |
| SSlope Finance | Series A | $8M | Feb 2022 |
 Hubble Protocol | Seed | $10M | Jan 2022 |
| KKYVE Network | Unknown | $9M | Jan 2022 |
 Upshot | Series A | — | Jan 2022 |
 Infinity Exchange | Seed | $4.2M | Jan 2022 |
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Top Co-Investors
Signum Capital7 shared
DeFiance Capital6 shared
Multicoin Capital6 shared
Binance5 shared
Polychain Capital5 shared
Genblock Capital5 shared
Hashed4 shared
IOSG Ventures4 shared
Blockchain Capital4 shared
NGC Ventures4 shared
ParaFi Capital3 shared
Cadenza3 shared
Digital Currency Group3 shared
Pantera Capital3 shared
CoinFund3 shared
Divergence Ventures3 shared
Bixin Ventures3 shared
Mirana Ventures3 shared
HTX Ventures3 shared
Mechanism Capital3 shared
Last updated: 7 September 2026