Token Bay Capital is a venture capital firm that invests in early-stage digital assets and blockchain companies, focusing on the Web3 ecosystem, including next-generation blockchain infrastructure and decentralized applications. Their strategy involves investing in both tokens and equity, with a regulatory-first approach to support entrepreneurs building in the new token economy.
50% of their portfolio is in Crypto & Web3. Their most common stage is series-a (50% of deals). Average disclosed round size is $12.8M (across 3 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series A
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
4 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Zodia Markets Ltd. | Unknown | $18.3M | Jul 2025 |
 Soter Insure | Series A | — | Feb 2025 |
 Taiko | Series A | $15M | Mar 2024 |
 dWallet Labs | Pre-Seed | $5M | Aug 2022 |
Top Co-Investors
Circle Ventures1 shared
The Operating Group1 shared
Human Ventures1 shared
Galaxy Ventures1 shared
Karatage1 shared
Digital Currency Group1 shared
Amplify Partners1 shared
Liquid 2 Ventures1 shared
Impatient Ventures1 shared
Earl Grey Capital1 shared
Lightspeed Faction1 shared
Hashed1 shared
Wintermute Ventures1 shared
Presto Labs1 shared
Flow Traders1 shared
Amber Group1 shared
OKX Ventures1 shared
GSR Ventures1 shared
W Ventures1 shared
Last updated: 16 April 2026