Credit Saison Launches US$50M Onigiri Capital Fund for Real-World Asset Growth

Asia’s growing appetite for real-world asset tokenisation has prompted Saison Capital to launch Onigiri Capital, a US$50 million blockchain fund linking global startups with the region’s financial institutions and 300 million-plus crypto users.

The Singapore-based fund has already secured US$35 million for investments in stablecoins, payments, tokenised assets, decentralised finance and financial market infrastructure.

The launch comes as blockchain venture funding rebounds to its highest level since 2022 and real-world asset tokenisation is projected to hit US$10 trillion by 2030.

Institutions from BlackRock and Goldman Sachs to MUFG and Bank of China are already integrating blockchain into finance.

Onigiri Capital is led by Qin En Looi and Hans de Back, who plan to use Credit Saison’s network across Japan, Korea, Singapore, Malaysia, Indonesia and the Philippines to give startups direct access to banks, asset managers and insurers.

Looi co-authored whitepapers on asset tokenisation, helped launch Tokenize Indonesia through Project Wira and organises ONCHAIN, Asia’s first annual conference on real-world assets.

De Back brings decades of experience building Southeast Asia’s innovation ecosystem and backing early-stage tech firms.

“Trust in blockchain needs external validation and a proven track record.
We’re here to complement existing product investors by offering founders the best of both worlds – Silicon Valley’s innovation combined with Asia’s institutional validation – and provide the expertise needed to originate high-quality solutions that meet institutional, global finance standards.”

said Hans de Back, Managing Partner of Onigiri Capital.

Qin En Looi
“We saw a critical gap in the U.S. market: an absence of the specialised expertise needed to navigate and succeed in dynamic Asian markets such as Japan, Korea, Indonesia, and Singapore.
Our institutional background and deep roots in the region instantly provide a launchpad for U.S. founders and developers to drive real progress at scale and speed.”