机构加密资本主要集中在少数基金管理公司手中。涵盖风险投资、对冲基金、ETF 及资产管理等多元赛道，这些公司正持续在加密市场中募集并部署资本。
“年度基金管理人”奖项隶属于 BeInCrypto Institutional 100 榜单，该榜单是一项年度性、以调研为基础的计划，旨在针对 26 个奖项类别及六大评选维度，表彰数字资产机构在业内的杰出成就。
本奖项归属于第三大评选维度：“数字资产可接入性”。下方为本类别入围名单，共 15 家机构，全部为 2025 年 4 月至 2026 年 3 月活跃于加密行业的头部原生基金管理公司。最终候选名单将于 2026 年 5 月公布，获奖者将在 2026 年 6 月 2 日至 3 日于巴黎举办的 Proof of Talk 峰会上正式揭晓。
- 入围名单： 涵盖风投、多策略对冲、ETF/ETP 发行方及多元化加密资产管理，合计 15 家机构
- 初筛范围： 首轮评估超 30 家原生加密基金管理公司，最终 15 家晋级正式名单，另有 5 家机构作为后备联络对象
- 评分机制（B 线）： 编辑部量化评估占 30%，专家评审团意见占 50%，公开信息占 20%
- 评判标准： 管理资产规模（AUM）及其增速、投资回报表现、产品线广度、机构公信力、合规地位、行业影响力、团队素质及稳定性
- 信息来源： 美国 SEC Form ADV 报告（Fortune，2026 年 4 月）、PitchBook、Tracxn、Crunchbase、Fortune Crypto 40、机构自披露数据，以及《华尔街日报》、彭博社等主流财经媒体报道
| # | Firm | Founded · HQ | Key People | AUM & Recent Fund | Investment Focus | Representative Work |
|---|---|---|---|---|---|---|
| 1 | Grayscale | 2013 · Stamford, USA | Peter Mintzberg (CEO) Michael Sonnenshein (former CEO) | $35B AUM IPO filed Nov 2025 | ETF issuer, crypto trusts, index products | Filed for NYSE IPO (2025) GBTC and ETHE dominate AUM |
| 2 | a16z Crypto | 2018 · Menlo Park, USA | Chris Dixon (Founder) Sriram Krishnan (GP) | $9.5B AUM Fund V targeting $2B | Crypto venture investing | Fund I returned 5.4x DPI Portfolio includes Coinbase, Uniswap |
| 3 | Paradigm | 2018 · San Francisco, USA | Matt Huang (Co-Founder) Fred Ehrsam (Co-Founder) | $12.7B AUM New fund targeting $1.5B | Research-driven venture | Expanding into AI and robotics Backed Uniswap, StarkWare |
| 4 | Pantera Capital | 2003 / 2013 crypto · SF, USA | Dan Morehead (CEO) Paul Veradittakit (Managing Partner) | Fund V closed 2025 $547M realized on $137M invested | Multi-strategy venture and tokens | First US Bitcoin fund (2013) 16 portfolio IPOs including Circle |
| 5 | Galaxy Digital | 2018 · New York, USA | Mike Novogratz (CEO) Christopher Ferraro (President) | Nasdaq-listed (2026) $1.4B project financing | Diversified crypto platform | Helios data center (1.6 GW) Shifted listing fully to Nasdaq |
| 6 | Haun Ventures | 2022 · Menlo Park, USA | Katie Haun (CEO) Diogo Mónica (GP) | $2.5B AUM (+30% YoY) Raising ~$1B new funds | Crypto venture (early + growth) | BVNK and Bridge exits (2025) Only major VC with AUM growth |
| 7 | Polychain Capital | 2016 · San Francisco, USA | Olaf Carlson-Wee (CEO) | $2.6B AUM Multi-fund structure | Hybrid hedge + venture | Early $1B crypto fund (2017) Active governance across protocols |
| 8 | Bitwise Asset Management | 2017 · San Francisco, USA | Hunter Horsley (CEO) Matt Hougan (CIO) | $11B+ assets 70+ investment products | ETFs, SMAs, staking strategies | BITB ETF publishes on-chain data Broad institutional product suite |
| 9 | Multicoin Capital | 2017 · Austin, USA | Tushar Jain (Managing Partner) Kyle Samani (Co-Founder) | $2.7B AUM Down from 2024 peak | Venture + liquid tokens | Early Solana backer Leadership transition in 2026 |
| 10 | Electric Capital | 2018 · Palo Alto, USA | Avichal Garg (Managing Partner) Maria Shen (Partner) | $1B+ raised Early-stage focus | Infrastructure, developer tooling | Developer Report benchmark Backed Aave, dYdX, NEAR |
| 11 | Dragonfly Capital | 2018 · San Francisco, USA | Haseeb Qureshi (Managing Partner) Tom Schmidt (GP) | $4B AUM Fund IV: $650M (2026) | Multi-stage venture | Avoided Terra, Yuga Labs Backed Ethena, Polymarket |
| 12 | CoinShares | 2013 · Jersey | Jean-Marie Mognetti (CEO) Daniel Masters (Co-Founder) | $6B+ AUM Nasdaq listed (2026) | Crypto ETPs, asset management | $1.2B SPAC listing (2026) 34% EU ETP market share |
| 13 | Coinbase Ventures | 2018 · United States | Shan Aggarwal (CBO) Justin Mart (Investor) | 500+ investments Funded via Coinbase balance sheet | Strategic venture arm | Backed OpenSea, FalconX 35+ acquisitions under team |
| 14 | Bain Capital Crypto | 2022 · San Francisco, USA | Alex Evans (Managing Partner) Stefan Cohen (Managing Partner) | $560M first fund Bain parent $165B AUM | Early-stage crypto venture | Backed Superstate, M0, Turnkey Linked to Bain Capital platform |
| 15 | Blockchain Capital | 2013 · San Francisco, USA | Bart Stephens (Managing Partner) Brad Stephens (Managing Partner) | $2B AUM $580M latest fund | Early-stage through growth | First tokenized VC fund (2017) Backed Coinbase, Kraken |
榜单说明
BeInCrypto 机构 100 强 ——基金管理人（2026 年长名单）重点甄选加密原生企业，涵盖风险投资、对冲基金及资产管理等策略领域。这些企业均面向机构投资者募资，并将资金灵活投向数字资产市场。
遴选方法
本榜单根据 BIC 100 方法论 Track B 路径进行评估：量化指标占 30%，专家委员会评分占 50%，已披露数据占 20%。
评选维度涵盖七大指标：管理资产规模及增长情况、投资业绩、产品线丰富度、机构公信力、合规监管状况、行业思想引领能力，以及团队稳定性。
相关数据主要通过 SEC Form ADV 报告、企业自披露信息，以及如 PitchBook、Tracxn、Crunchbase 等私有市场信息源进行核实。各项数据以发布时的最新资料为准。
