Spice Venture Capital Pte. Ltd. Spice Venture Capital Pte.Ltd. (SPICF) operates as a pioneering tokenized venture capital firm focused on the blockchain and tokenization ecosystem. Founded in 2017 and headquartered in Singapore, the firm provides investors exposure to early-stage companies building platforms and infrastructure for digital securities, distributed ledger technology applications in capital markets, banking, real estate, and related sectors; it issues regulation-compliant security tokens representing limited partnership interests, marking milestones as the first fund dedicated to tokenization, the first fully tokenized VC fund, and the first digital security traded on a regulated marketplace. SPiCE invests globally at post-seed and Series A stages, targeting ecosystem leaders with strong teams and high-growth potential, while maintaining operations across Singapore, the US, Switzerland, and Israel. Recent developments include full divestment from portfolio company Securitize via secondary market transactions in early 2025, enabling the third investor payout alongside proceeds from Exodus holdings; quarterly NAV per token calculated at $3.14 as of June 30, 2025, reflecting net portfolio appreciation post-distributions; and ongoing positive momentum in holdings such as Archax, with OTC volumes doubling year-to-date, tokenized RWA values up 200%, and progress toward broker acquisitions and MiCA licensure, alongside Blockdaemon's $8M zkSync partnership and new staking product launch.