BCAP, issued by Blockchain Capital, LLC, is a tokenized venture fund interest representing a security token claim on a Blockchain Capital venture fund, which the firm describes as the first tokenized fund and the first security token [S1].

BCAP provides economic exposure to the Blockchain Capital III Digital Liquid Venture Fund, whose value derives from a portfolio of blockchain and crypto equity and digital asset holdings. The firm describes BCAP as a tokenized fund and the first security token, with tokenholders exposed to the underlying venture fund portfolio performance rather than a separate income stream [S1]. Blockchain Capital states it manages over US$2 billion (USD) in assets and is investing from its sixth multi-stage fund [S1].

The issuing and managing entity is Blockchain Capital, LLC, based in San Francisco, California, founded in 2013 and originally named Crypto Currency Partners [S2][S1]. Blockchain Capital is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC), and states that registration as an investment adviser does not imply any special skill or training [S3][S2]. The token represents a security and fund interest in a Blockchain Capital venture fund [S1]. The issuer website terms restrict access to persons at least 18 years old and require compliance with U.S. export laws and regulations [S3].

Blockchain Capital issues BCAP onchain as a security token, the form in which the firm first created it within Fund III [S1]. The firm maintains separate gated investor-facing portals, including an Investor Portal and BCAP investor relations links, for fund and investor relations rather than for public product disclosure [S2].

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    { id: "S1", url: "https://www.blockchaincapital.com/about-us" },
    { id: "S2", url: "https://www.blockchaincapital.com/privacy" },
    { id: "S3", url: "https://www.blockchaincapital.com/legal" },
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Tokenized funds

Securitize operates through its proprietary compliance protocol and smart contract infrastructure that automates regulatory requirements for digital securities. The platform generates revenue through issuance fees, ongoing compliance services, and transaction fees from secondary market trading, while leveraging blockchain technology to provide programmable compliance and automated investor verification.

The platform provides end-to-end infrastructure for digitizing traditional securities and real-world assets through blockchain tokenization. Securitize offers compliant token issuance services, investor management tools, and secondary market solutions that bridge traditional finance with decentralized technologies while maintaining regulatory compliance.

Securitize is a digital securities platform that enables the compliant issuance, management, and trading of tokenized securities on blockchain networks.

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Real-world asset (RWA) issuers

Securitize

Blockchain Capital (BCAP) is a tokenized fund share issued by Securitize through Blockchain Capital TokenHub Pte. Ltd. and managed by Blockchain Capital, LLC.

Blockchain Capital TokenHub Pte. Ltd. is incorporated in Singapore and is offered under an SEC Regulation D exemption.

BCAP has been issued on zkSync Era as an ERC-20 token since January 2025.

Blockchain CapitalBCAP

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