Crypto Venture CapitalEst. 2023

Capital for the next financial era.

BlockRise is an institutional venture firm backing the founders building the foundational infrastructure of the open financial system, early and for the long term.

$2M
Capital Deployed
11
Companies
2023
Investing Since
Fig. 01  · Architecture of settlement

We partner early and stay long, through cycles, narratives, and the noise. The most consequential companies are built quietly, by founders who see further than the market. We write our first checks before the thesis is obvious, and remain when it becomes inevitable.

The Firm

Every position is underwritten by original research: protocol economics, regulatory structure, and market design. We measure conviction in decades, not quarters.

Four convictions we are underwriting.

Investment Thesis · 02
001 / Settlement
01

Settlement Infrastructure

The rails beneath global value transfer are being rewritten. We back the protocols that will clear and settle the next quadrillion dollars of economic activity with finality, neutrality, and scale.

Read the thesis
002 / Markets
02

Programmable Markets

Capital markets are becoming software. We invest in the credit, derivatives, and exchange primitives that compose into entirely new financial instruments that are open, composable, and global by default.

Read the thesis
003 / Identity
03

Identity & Trust

Open systems require new models of trust. We support teams reinventing identity, reputation, and verifiable provenance at internet scale, the connective tissue every other layer depends on.

Read the thesis
004 / Consumer
04

The Consumer Edge

Adoption is won at the surface. We partner with founders crafting the interfaces that make decentralized systems feel inevitable and effortless to a billion people who will never read a whitepaper.

Read the thesis

Portfolio

Selected Investments · 03
Featured Investment Backpack
Exchange · Self-Custody

Your brokerage, your exchange, your money, rebuilt around self-custody.

Backpack pairs a full-featured exchange with a self-custodial wallet, giving users a single home to trade, hold, and manage assets without ever surrendering control of their keys.

Visit Backpack
Track Record · 04

Conviction, compounded since 2023.

We measure success in decades, not distributions, and the companies we are proudest of are the ones still being built.

$2M
Capital deployed across the portfolio
11
Active portfolio companies backed
8
Sectors, from infrastructure to consumer
2023
Building conviction since
Founder Approach · 05
We do not invest in markets. We invest in the few people stubborn enough to build the future the rest of us will eventually take for granted.
A

Useful, not in the way

We earn our seat through usefulness, not control. The best founders set the pace.

B

Fully committed

When we lead, we commit reserves, network, and reputation. Half a partner is no partner.

C

Patient through the trough

Every category-defining company endures a period where the world disagrees.

The Partnership · 06

The people behind the capital.

A small, senior team. Every founder works directly with the partners who made the investment, from first call to exit.

Julian Ashford, Founding Partner 01
Founding Partner

Julian Ashford

Founded BlockRise in 2023 after a decade in market structure and early-stage investing. Leads the firm’s first checks and sits closest to founders.

San Francisco
Camille Duret, Investment Partner 02
Investment Partner

Camille Duret

Leads investments across credit, derivatives and settlement. Previously built trading infrastructure for institutional desks.

London
Rohan Kapoor, Investment Associate 03
Investment Associate

Rohan Kapoor

Sources and diligences new opportunities, from first call to investment memo, with a focus on DeFi and consumer applications.

Singapore
Yuki Nakamura, Portfolio & Research Lead 04
Portfolio & Research Lead

Yuki Nakamura

Runs the research behind every position and supports founders after the check with protocol design, token economics and go-to-market.

Singapore

Insights

Field Notes · 07
Research · May 2026

The settlement layer thesis, revisited.

Three years on from our first settlement investment, we revisit where the foundational rails are converging, and where the next decade of value will accrue.

Building something foundational?

We read every application. If you are building infrastructure for the open financial system, we want to hear from you.

Apply for partnership