Investing $600-900k in pre-seed & seed crypto founders.

Joined June 2024
Photos and videos
Varrock retweeted
Nook has reached a new milestone today in customer trust. $1B in transactions through Nook. This includes Deposits, Withdraws and Rebalances. We are excited about this because, like all big things, Nook started at 0.
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Varrock retweeted
We are delighted to announce that Agant is partnering with @ClearJunction to support institutional access to GBPA, our pound sterling stablecoin. Clear Junction Digital Limited, the Group’s FCA-registered cryptoasset business, will act as a distribution partner for GBPA, with Clear Junction Limited, the Group's payment solution provider and authorised electronic money institution, supporting the fiat GBP payment flows required for issuance and redemption. This opens a clear route between fiat GBP and GBPA for institutional and business clients across payments, settlement, treasury, and other use cases. Read more about this partnership in our release 👇 agant.io/news/agant-clear-ju…
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Varrock retweeted
May 28
RX6 deployed today RX7 design finished yesterday and will deploy in two months
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Varrock retweeted
Update: Nook continues to grow and scale. Including our newly appointed CTO, @TheLarryWei After leading engineering teams at Uber and Meta, Larry operates from a deep experience of helping teams build quality at scale. With tens of thousands of Nook users, and over $500M in transactions across accounts - Larry has faced our scaling and quality challenges head on. We are excited for Larry to keep leading the way as we build and strengthen the technical foundation at Nook. ✳️
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Varrock retweeted
A direct tailwind for #GBPA. We're ready.
NEW: The UK's FCA clears asset managers to run fund registers on blockchain and process subscriptions directly onchain under existing rules, giving tokenized funds a clear regulatory path without needing separate experimental structures.
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Varrock retweeted
The Crypto Fundraising Landscape New Episode w @richardchen39, Founder at @VarrockVC We Discuss: - Crypto Funds struggling to raise Follow Up Rounds - Crypto Founder Archetypes and Ideal Traits - Contrarian Bets Missed Opportunities and much much more! 0:45 - Richard's background working at 1confirmation 1:41 - Current contrarian bet(s): non USD stablecoins (shoutout @AgantFinance and @pimlicoHQ) 8:12 - is there lack of capital in crypto right now? 10:55 - evaluation framework for token projects vs web 2.5 businesses 12:57 - Richard's stance on the equity vs tokens debate 15:06 - ETH needs a new narrative 18:08 - Saylor, Strategy and thoughts on DATs 19:55 - crypto founders archetypes over the years 22:20 - is the crypto native founder archetype dead? 24:15 - does your location matter for you to succeed as a crypto founder? 27:10 - experience raising funds for Varrock raising institutional captial 28:45 - are crypto funds struggling to raise money? 29:15 - thinking about pivoting or expanding to AI? 30:38 - thoughts on hedging by investing competitors 32:44 - "are there any missed deal opps that keep you up at night?" (@solana seed in 2018) 33:33 - #1 advice to crypto founders
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Varrock retweeted
Pimlico is now SOC 2 Type I certified. For the stablecoin neobanks, wallets, and enterprises building with us, this now means one less item on your vendor diligence list. Thank you to @aligncompliance, and our CISO @nikmel2803 for the great work.
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Varrock retweeted
Crypto VC: I didn’t hear no bell x.com/i/broadcasts/1dKrPEmOP…
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Varrock retweeted
We’re officially out of stealth. Ethereum is the most powerful financial computer. But the way blocks work today still limits what can actually be executed. Eureka Labs is changing that. We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself. This is just the beginning. theblock.co/post/394923/ethe…
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Why are we excited to back @EurekaBuilder? Making blocks programmable (not just smart contracts) creates tons of new use cases. One new use case we're excited about is allowing anyone who holds DeFi receipt tokens (e.g. Uniswap LP tokens, Aave aTokens) to earn additional 4-5% yield on top by lending those receipt tokens to MEV searchers uncollateralized within the same block. Similar to how lending on Morpho v1 was strictly better than lending on Aave, lending on Eureka will be strictly better than any underlying DeFi protocol (Uniswap, Aave, Morpho, etc.). Plus they bought an entire Ethereum block #24,729,136 for the announcement: ethblock.link/?block=2472913…

We're officially out of stealth. Ethereum is the world’s most powerful financial computer. But today it still runs like dial-up. Eureka Labs is changing that. We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself. It's going to be very interesting
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Varrock retweeted
To celebrate us coming out of stealth as block builders we decided to buy a whole Ethereum block just for the announcement - ethblock.link/?block=2472913…

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Varrock retweeted
We're officially out of stealth. Ethereum is the world’s most powerful financial computer. But today it still runs like dial-up. Eureka Labs is changing that. We’re turning blocks into programmable execution environments - where capital, computation, and execution logic live inside the block itself. It's going to be very interesting
Ethereum block builder Eureka Labs raises $6.7 million 💰 @EurekaBuilder is introducing "programmable blocks" Shifting blocks from passive containers of transactions into active execution environments The idea: Let developers rely on guarantees at the block level, enabling more advanced trading strategies, more efficient DeFi, and new types of onchain applications, CEO Nir Magenheim said
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Varrock retweeted

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Varrock retweeted
We’re pleased to share that Agant is now a registered cryptoasset business with the UK Financial Conduct Authority under the Money Laundering Regulations. This is a key step in our vision to enhance money, bringing us closer to issuing GBPA, our fully backed GBP stablecoin designed for institutional use cases. A well-designed GBP stablecoin can unlock innovation across payments, settlement and tokenised assets. We’re excited to be at the forefront of this innovation in the UK along with our partners Read our press release here - agant.io/news/agant-fca-mlr-…
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Varrock retweeted
The Irys Mainnet Explorer is live.
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Varrock retweeted
We’re thrilled to announce @richardchen39, Founder of @VarrockVC, as a speaker for ETHDenver 2026! Richard Chen founded Varrock, a $30M fund investing in pre-seed and seed crypto founders, after previously serving as General Partner at 1confirmation. In New BUIDL City, leaders like Richard help show there’s somETHing for everyone to build and explore.
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Varrock retweeted
Don't let anything get in between you and earning. Nook will soon be going multi-chain across @Optimism @monad @base and more✳️
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Varrock retweeted
Excerpt from my 2025 letter to @VarrockVC LPs
29 Dec 2025
A Monday morning question for you: What worked well this year and is worth doubling down on in 2026?
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25 Dec 2025
Varrock encoded.
Current mood.
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