Hi everyone, I’m Spinach. Today, I’m officially announcing my new identity: Founding Partner of Unified Ventures. That’s right, we’ve just completed a $30 million fundraising round for a fund dedicated to the RWA (Real World Assets) and stablecoin sectors. I’m also honored to make my first public appearance today as an investor in Fosun Group’s new project, FinChain. Although the fund was just established, we’ve already invested in several high-quality projects. - Among the projects we can disclose so far, aside from Fosun’s FinChain, we’ve also invested in AlloyX, founded by the former head of digital assets at China Asset Management. Announcing the launch of a fund at this moment might surprise many people. To be honest, if you’ve chatted with any Asian VC recently, the keywords you’re likely to hear are "boring," "paused," and "conservative." Everyone is waiting—for the next narrative, the next trend, or a clear signal of market recovery. Many institutions haven’t made a move in months. But that’s precisely why we chose to start now. While everyone complains that "the low-hanging fruit has been picked," I see a different picture: the boundaries between traditional finance and Web3 are dissolving. Not in a flashy, "Crypto for the sake of Crypto" way, but in a practical, problem-solving manner. Why RWA and stablecoins? Because they represent the intersection of the Crypto world and traditional finance. They are the clearest development trends, address the most genuine needs, have the deepest moats, and face the most defined regulatory attitudes. And this sector has a unique characteristic: - It doesn’t rely solely on Crypto-native logic, dictated by market sentiment cycles and narrative hype—where everyone celebrates during bull markets and abandons ship during bear markets. Stablecoins are gradually becoming everyday payment tools, and RWA is emerging as a new asset expression and financial system within the industry. These changes won’t explode overnight like meme coins, but their impact will be deeper and longer-lasting. I believe true Alpha often exists in non-consensus. When others are greedy, I’m fearful; when others are fearful, I’m greedy. Whether launching a VC fund at this moment is the right decision—let time be the judge. Looking forward to your support in the future ☺️