# AscendEX

> AscendEX is a VC fund in Singapore backing Blockchain and Cryptocurrency. See 17 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Singapore, Singapore
- Total investments: 17
- Last investment: Apr 2025
- Lead investor: 6%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/bitmax-io/
- X (Twitter): https://twitter.com/AscendEX_Global
- Website: https://ascendex.com/
- Facebook: https://www.facebook.com/BitMaxOfficial/

AscendEX is a VC fund in Singapore focused on Blockchain and Cryptocurrency. AscendEX is global operator of digital asset exchanges for diverse groups of clients from retail to institutions.

## Contacts

5 contacts available for AscendEX. Shizune tracks 2 team members at AscendEX. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/bitmax?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $500k–$20M |
| Series A | $5.7M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 8 | 47% |
| Cryptocurrency | 7 | 41% |
| Financial Services | 5 | 29% |
| Finance | 3 | 18% |
| Software | 3 | 18% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 12 | 71% |
| Series A | 2 | 12% |
| Series B | 1 | 6% |
| Funding Round | 1 | 6% |
| Private Equity | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 5 | 29% |
| India | 1 | 6% |
| Spain | 1 | 6% |
| France | 1 | 6% |
| Taiwan | 1 | 6% |

9 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| George Cao | Founder, CEO, and Chairman of the Board | 1 | https://shizune.co/investors/profile/george-cao |
| Yvonne Wong | Global Listing Manager | 0 | https://shizune.co/investors/profile/yvonne-wong-8650 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ME Group | MetaEra is a one-stop resource aggregator for Web3.0. Meta Era focuses on blockchain and metaverse exploration, pursuing professional, thorough, and reliable information and data. |  | Seed | Apr 08, 2025 |  |
| AINN Layer2 | AINN Layer2 is a decentralized Bitcoin Layer2 network development.It promotes large-scale AI applications |  | Seed | Mar 21, 2024 |  |
| nftperp | NFTs have become a huge part of web3. Whether you’re in it for the tech, the art, or just to be part of the amazing communities, NFTs are here to stay.However, with nftperp, you can now speculate on the floor prices of NFT projects including Bored Ape Yacht Club, CryptoPunks and more.nftperp was established in January, 2022 in Washington,District of Columbia. | $1.7M | Seed | Nov 25, 2022 |  |
| System 9 | System 9 is a digital asset market-making firm focused on the crypto token market. The firm is providing software-based trading services to token issuers and digital asset exchanges in order to increase liquidity, stability, and price discovery. They use its proprietary technology to identify and capitalize on inefficiencies across multiple marketsin an efficient and systematic manner. It also provides treasury management services to token issuers looking to liquidate their tokens without disrupting market stability.System 9 was founded in 2017 and is based in Los Angeles, California. | $5.7M | Series A | Jun 23, 2022 |  |
| Orderly Network | Orderly Network is a permissionless, decentralized exchange protocol built on NEAR.The company provides users with permissionless spot and future order book trading infrastructure. The company utilizes an on-chain orderbook to provide a platform complete with a risk engine, matching engine and shared asset pools for dApps to build on top of.Orderly Network was established in April, 2022 in Nassau, New Providence. | $20M | Seed | Jun 09, 2022 |  |
| Time Shuffle | TimeShuffle is a play-and-earn turn-based strategy game with heroes from across history battling together and against each other in procedurally generated . | $2.1M | Seed | May 10, 2022 |  |
| prePO | prePO is a decentralized trading platform allowing anyone anywhere to speculate on the value of any pre‑IPO company or pre‑token project. | $2.1M | Private Equity | Mar 23, 2022 |  |
| prePO | prePO is a decentralized trading platform allowing anyone anywhere to speculate on the value of any pre‑IPO company or pre‑token project. | $2.1M | Seed | Mar 23, 2022 |  |
| CoinRoutes | CoinRoutes is a crypto trading software provider. | $16M | Series B | Mar 18, 2022 |  |
| Faith Tribe | Faith Tribe is a open- source fashion design platform that focuses on NFT minting, P2P transactions. |  | Seed | Feb 22, 2022 |  |

10 of 17 investments shown.

## Co-investors
- [MEXC Global](https://shizune.co/investors/profile/mexc-global) — VC Fund, 4 deals together
- [Shima Capital](https://shizune.co/investors/profile/shima-capital) — VC Fund, 4 deals together
- [Amber Group](https://shizune.co/investors/profile/amber-ai) — VC Fund, 3 deals together
- [AU21 Capital](https://shizune.co/investors/profile/au21-capital) — VC Fund, 3 deals together
- [BitMart](https://shizune.co/investors/profile/bitmart-exchange) — VC Fund, 3 deals together
- [Caballeros Capital](https://shizune.co/investors/profile/caballeros-capital) — VC Fund, 3 deals together

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## FAQ

### What does AscendEX invest in?

AscendEX invests primarily in Blockchain, Cryptocurrency and Financial Services startups, most often at Seed and Series A stage. Most of the 17 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is AscendEX's check size?

AscendEX typically joins rounds of $500k–$20M at Seed and $5.7M–$30M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds AscendEX participates in.

### How do I contact AscendEX?

Public channels for AscendEX include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at AscendEX?

The team at AscendEX includes George Cao (Founder, CEO, and Chairman of the Board) and Yvonne Wong (Global Listing Manager). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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