Token Bay Capital is an Abu Dhabi Global Market (ADGM)-based venture capital firm investing in crypto and blockchain companies since 2021. 

Founded and led by Managing Partner Lucy, the firm specializes in early-stage investments across frontier markets with a focus on regulatory expertise and institutional-grade crypto adoption.

In 2026, Token Bay Capital launched Fund II, a global mandate fund with a strategic focus on frontier markets across Africa and the Commonwealth of Independent States (CIS) with evolving crypto regulatory frameworks. 

The fund targets blockchain infrastructure including stablecoin payments and crypto-enabled fintechs that serve emerging digital economies and support institutional-grade crypto adoption.

Token Bay Capital's competitive advantage lies in its deep regulatory expertise and institutional relationships across multiple jurisdictions. The firm's leadership brings extensive experience advising financial institutions, central banks, and regulators on crypto policy and regulatory frameworks through senior roles at PwC's global crypto practice, combined with traditional finance expertise from Goldman Sachs, Credit Suisse, and Schroders.

The firm is positioned to capitalize on markets where progressive policy frameworks are creating first-mover opportunities for digital financial infrastructure serving underbanked populations and emerging economies. 

Token Bay Capital is headquartered in Abu Dhabi Global Market with a presence in Hong Kong.

Token Bay Capital

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Token Bay Capital

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