No Limit Holdings and ClearVue Partners Close $100 Million Fund II for Crypto Investments

No Limit Holdings (NLH), a prominent investment firm specializing in global blockchain assets, and ClearVue Partners (CVP), a leading consumer and technology growth equity firm, have announced the successful closure of CVP NoLimit Fund II (Fund II). This fund is set to invest in native crypto projects within a digital asset industry that NLH and CVP anticipate will reach nearly $15 trillion in total market capitalization by 2030.

NLH is headed by Gin Chao, an independent Board member of Binance.US and former Strategy Officer of Binance.com. The firm was established with the mission to accelerate value creation through blockchain technology on a global scale. In 2022, NLH launched CVP NoLimit Fund I (Fund I), which invested in over 40 projects and has outperformed Bitcoin significantly, achieving top decile DPI (distributed to paid-in capital) and MOIC (multiple on invested capital) metrics to date.

This impressive performance was achieved through disciplined underwriting in the rapidly 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 Protocol allows users to earn rewards by sharing their unused internet bandwidth and enables verified institutions to access public web data through the network. Fund I also supported new L1s, Sei and Sui, as well as next-generation synthetic stablecoin Ethena.

Andrej Radonjic, Co-founder & CEO of Wynd Labs, highlighted the support from NLH, stating, “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 anticipates 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 $50-100k after Bitcoin had declined 75% from $20k to $5k. When Bitcoin was under $20k after the FTX meltdown in late 2022, he called a Bitcoin high of around $150k for 2025. NLH anticipates a Bitcoin high of $400-500k in the upcoming cycle, gaining further market share against gold as both a hedge against sovereign risk and a more efficient store of value.

“With increasing institutional adoption, our conviction in this industry is stronger than ever,” says Chao. “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 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.

“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,” says Harry Hui, co-founder of CVP.

Fund II exceeded its $100 million target within 9 months and has made investments into portfolio projects including Altius, Aro Network, Blum, Hyperlend, and ICN.

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.

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.