June 2, 2025
No Limit Holdings (NLH), an investment firm focused on global blockchain assets, and ClearVue Partners (CVP), a leading consumer and technology growth equity firm today announced the final close of CVP NoLimit Fund II (Fund II), which will invest into native crypto projects in a digital asset industry that they expect will grow to nearly $15 trillion in total market capitalization by 2030.
NLH is led by Gin Chao, an independent board member of Binance.US and former strategy officer of Binance.com, and was founded on the mission to accelerate value creation through blockchain technology globally.
The firm launched CVP NoLimit Fund I (Fund I) in 2022, which invested into over 40 projects and has significantly outperformed Bitcoin with top decile DPI (distributed to paid-in capital) and MOIC (multiple on invested capital) metrics to date.
This performance was achieved through disciplined underwriting into the fast-evolving infrastructure and DeFi landscapes as well as new sectors such as DePIN (decentralized physical infrastructure networks).
Fund I led the pre-seed round of Wynd Labs, a core contributor to Grass Protocol, one of the most successful DePIN projects developed to date.
Grass allows users to earn rewards by sharing their unused internet bandwidth and verified institutions to access public web data through the network.
Fund I also supported new layer-ones, Sei and Sui, as well as next-generation synthetic stablecoin Ethena.
Andrej Radonjic, co-founder and CEO of Wynd Labs, said,
“NLH backed us when Grass was just an idea. Their conviction and early support helped Grass grow from concept to fueling some of the largest AI data pipelines in the world.”
NLH expects continued growth in the blockchain industry over the next five years, with total market capitalization approaching $15 trillion by 2030 as the regulatory environment stabilizes and institutional adoption accelerates.
While leading Binance Labs in early 2019, Chao predicted Bitcoin’s 2021 cycle high of $50 to $100,000 after Bitcoin had declined 75% from $20,000 to $5,000.
When Bitcoin was under $20,000 after the FTX meltdown in late 2022, he called a Bitcoin high of around $150,000 for 2025.
NLH anticipates a Bitcoin high of $400,000 to 500,000 in the upcoming cycle, gaining further market share against gold as both a hedge against sovereign risk and a more efficient store of value.
Chao said,
“With increasing institutional adoption, our conviction in this industry is stronger than ever.
“We’re not just investing in technical protocols we’re backing systems that will underpin the next era of global finance, governance, authentication and transactions.”
Fund II is positioned to lead early-stage investments into the latest generation of mission-first founders in the upcoming cycle.
Fund I was an early investor into the cross-section of blockchain and AI, which continues to be one of several core pillars for Fund II.
The team also sees significant opportunities emerging in B2C (business-to-consumer) applications and recently launched its inaugural business plan competition in conjunction with leading FMCG (fast-moving consumer goods) executives to develop blockchain solutions for global enterprises serving billions of consumers.
Harry Hui, co-founder of CVP, said,
“The CVP NoLimit funds have built an institutional franchise in three short years.
“We are excited about the partnerships with NLH, investors and industry leaders to drive use cases and adoption for the new economy.”
Fund II exceeded its $100 million target within nine months and has made investments into portfolio projects including Altius, Aro Network, Blum, Hyperlend and ICN.
About No Limit Holdings
No Limit Holdings, an investment firm focused on global blockchain assets, launched CVP NoLimit Fund I in 2022 and CVP NoLimit Fund II in 2024.
The firm manages over $300 million of AUM and over 50 portfolio projects.
For inquiries, please contact anatoly@cvpnlh.com or ms@cvpnlh.com. For latest news, please follow our official X account @nolimithodl.
About ClearVue Partners
ClearVue Partners, a leading consumer and technology growth equity firm, was founded in 2012 by Harry Hui and William Chen.
The firm manages over $1 billion of AUM across three funds, with over 40 portfolio companies.
For inquiries, please contact hh@cvpnlh.com or will@cvpnlh.com.
Contact
Gin Chao, founding partner of No Limit Holdings
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