We were built to underwrite blockchain technology with institutional discipline.
Oak Grove Ventures is a research-led asset manager investing exclusively in blockchain technology. One team, one research process, four strategies — from company equity to the most liquid digital assets.
Our mission
To give serious investors complete, well-underwritten exposure to the technology reorganising financial infrastructure — without asking them to lower their standards for research, risk or reporting.
We think the ecosystem's returns are earned by understanding it deeply and early, not by trading it quickly. That belief shapes the strategies we launch, the deals we lead and the research we publish openly.
Research before capital
Every position begins as a written thesis. We publish the durable parts of that research in the Blockchain Letter, and we hold ourselves to the same standard internally.
One ecosystem, four instruments
Equity, private tokens, liquid tokens and structured exposure are different expressions of the same research. Seeing all four keeps our view of the market honest.
Institutional by construction
Independent administration, qualified custody, audited reporting and formal risk limits have been part of the firm since our first fund in 2013.
How we invest
The same four-stage process governs every strategy. What changes is the instrument, not the standard of evidence.
Sourcing
Thirteen years of operating relationships mean we see virtually every institutional-quality deal in the ecosystem — most of them before a round is formally open.
Diligence
Technical review of the protocol or product, token and cap-table economics, regulatory posture, and reference work with the teams who have shipped alongside the founders.
Committee
A written memo, a stated bear case and an explicit exit path go to the investment committee. Positions are sized against liquidity, not conviction alone.
Ownership
We lead where we can add the most: hiring, protocol design, market structure and listing strategy. Positions are reviewed on a fixed cadence against the original thesis.
The team
With a dynamic group of industry veterans, Oak Grove Ventures brings together a wealth of experience and expertise to drive innovation and support the growth of frontier technology projects.
Shawn Shi
The founder of Alchemy Pay, a former executive of several listed companies and a partner of well-known investment funds.
Rongjian Lan
Former co-founder & CTO of Harmony. Built the search infrastructure of the Android App Store at Google and was an early founder of the ABC blockchain community in Silicon Valley. CTO and Co-founder of Exocore.
Ethan Wang
Tech lead of Google Cloud Web3 and a founding team member. Before Google, he was Facebook Libra's tech lead and a founding team member. Co-founder of LINQ.
Michael Li
A seasoned tech executive with expertise in data and AI. He has held leadership roles at Coinbase, LinkedIn, eBay and Capital One across multiple industries.
Zac Pan
Former Associate Partner at Lightspeed Venture Partners. Over 10 years of thesis-driven, people-prospecting deal sourcing with a focus in education, enterprise and social sectors. Led and participated in 20+ deals including QingCloud, SparkEducation and Global Peer.
Sally Wang
Ex-VP of Portfolio Services at Sino Global Capital. Helped portfolios define their market approach through regional playbooks, narrative design, localisation and community support. 7+ years in communications and crypto growth, guiding brands such as TokenInsight, Velo Labs and Paxos.
Andrea Chang
Former partner at NGC Ventures. 6+ years across strategic investment and advisory roles in crypto and Web3. Advisor to several early-stage Web3 startups. Previously Goldman Sachs Global Investment Research in Singapore and a technology VC in Taiwan. MBA from UC Berkeley.
Cindy Chang
Graduated from Columbia University. Previously worked at Goldman Sachs. Skilled at cultivating relationships, conducting in-depth research and developing strategic recommendations across industries.
Kathy He
Former Head of Marketing for top-100 projects in Web3. Deep experience in marketing operations and emerging technology, identifying upcoming trends and developing effective brand strategy to grow market awareness.
Christina Liu
Previously Head of Social Media at Ontology. 5+ years in Web3 marketing with a pulse on all things blockchain and technology. Prior to that worked at London city law firms, using bilingual skills to offer network and tech investment bridging services.
A history of firsts
Figures and dates are estimated and unaudited as of March 31, 2026.