Du Jun, co-founder of ABCDE, has publicly confirmed that the firm has stopped investing in new projects. He also announced that the fundraising efforts for the second phase of their fund have been officially suspended.
The update was shared to clear the air after many questions were raised about the current status of ABCDE.
Transition and Commitment
Du Jun assured that although the fund is no longer seeking fresh investments, the core team will remain active. Their focus will now be on supporting the companies they’ve already backed.
He emphasised that all existing commitments made to entrepreneurs and limited partners (LPs) will be honoured with care. The team will manage post-investment work and ensure smooth exits for existing projects.
In his message, Du Jun thanked everyone who had supported the journey of ABCDE so far. He expressed hope that the collaboration and conversations with partners will continue, even though the direction of his work is changing.
Du Jun’s New Direction
Moving forward, Du Jun plans to shift his attention away from early-stage financial investments in the crypto space. His focus will be on strategic investment and deep incubation.
He hopes to work closely with projects to build long-term value and foster meaningful industrial partnerships. For him, it’s now more about creating synergy across industries rather than just backing startups with capital.
This new approach reflects a broader trend in the crypto investment space, where quick returns are being replaced by long-term building. Du Jun appears committed to exploring paths that provide sustainable growth and real-world utility.
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ABCDE’s Track Record and Portfolio
ABCDE has built a reputation as one of Asia’s top early-stage crypto investment funds. With a portfolio worth $400 million, the fund has made a mark by placing bold bets on the future of blockchain technology.
According to Cryptorank, about 28% of ABCDE’s investments went into Bitcoin scaling projects. Another 16% was directed into Ethereum liquid staking infrastructure. Around 12% was allocated to L2 solutions, restaking models, and smart contract platforms.
The fund’s most recent investment came in January, when it backed Soon, an Ethereum-based L2 that claims to beat Solana in both speed and efficiency. Soon, reportedly reached block times of just 50 milliseconds, a fraction of Solana’s 400 milliseconds.
Looking Ahead
While ABCDE is no longer active in new deal-making, its existing investments still hold potential. The fund’s decision to pause reflects both the challenges in the current market and a shift in strategic vision. It also shows the growing need for focus, patience, and long-term thinking in the crypto industry.
As one of Asia’s biggest names in early-stage crypto investing steps back, it opens space for others to adapt and lead. With Du Jun now moving toward strategic incubation and deeper value creation, we may see more investment firms rethink how they operate in this evolving market.
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