insights

15 min. read

May 9, 2024

Bitcoin represents one of the most groundbreaking innovations in modern world. As a decentralized di…
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6 min. read

Mar 27, 2023

On March 27th, 2023, HCM Capital Managing Partner Jack Lee gave a keynote speech on how bitcoin…
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9 min. read

Mar 24, 2023

On March 24th, 2023, HCM Capital Managing Partner Jack Lee gave a keynote speech on why bitcoin beco…
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3 min. read

Feb 8, 2023

Presented at SUSS Node for Inclusive Fintech seminar, Feb. 8, 2023 https://sussblockchain.com/event…
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23 min. read

Oct 26, 2022

What we have today is definitely not a Garden of Eden, and unfortunately what’s coming next could be…
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19 min. read

Oct 26, 2022

What we have today is definitely not a Garden of Eden, and unfortunately what’s coming next could be…
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21 min. read

Aug 30, 2022

As we read through news about China from Twitter, NYT, WSJ, or Bloomberg, it feels like the China ec…
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27 min. read

Jun 30, 2022

The world is experiencing the “sequela” of global monetary easing since 2020, the root of chaos arou…
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6 min. read

Aug 23, 2021

From Nassim Taleb’s black paper to Peter Schiff’s tweets, scaling has been a major criticism of Bitc…
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6 min. read

Mar 26, 2021

HCM Capital founder Jack Lee gave a keynote speech on digital assets and the benefits of programmable…
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Beth Hua
Post-Investment Management and Finance

Beth is responsible for post-investment management of portfolio companies and financial operations at HCM Capital. Prior to joining HCM Capital, she accumulated over ten years of experience in auditing and post-investment management, working with PwC, Noah Wealth Management, and AVIC Capital.

She is a Certified Public Accountant (CPA) in China and holds a Level A Certificate in Judicial Accounting. Beth earned her MBA from the Marshall School of Business at the University of Southern California and holds a bachelor’s degree in Financial Engineering from Shanghai University of Finance and Economics.

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Jerry
Product Developer

Meet Jerry, a passionate Bitcoin evangelist and the dynamic host of the Bitcoin Discovery podcast. With years of hands-on experience in the Bitcoin space, Jerry is a visionary with a profound understanding of Bitcoin potential. His expertise spans product development, where he strategically enhances user experiences across various Bitcoin platforms. Beyond his professional pursuits, Jerry is fervently dedicated to growing the community. His passion lies in fostering connections, sharing insights, and actively contributing to the collective journey of Bitcoin enthusiasts.

TDTC - Ethiopia
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TDTC specializes in Bitcoin mining, with operations spanning the United States, Asia, and Africa. The company leverages advanced technologies and regional expertise to drive sustainable growth in the Bitcoin mining sector.

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Jingmiao Zhang
Social Media Operations Specialist

With expertise in social media strategy and digital marketing, Jingmiao plays a key role in advancing HCM Capital’s presence in the Bitcoin space. She holds a Master’s degree in Integrated Marketing from New York University and a Bachelor’s degree in Economics from Rutgers University. During her academic journey, she developed a solid foundation in content creation, audience engagement, and data analysis, which she further refined through hands-on experience managing social media campaigns across industries. Her creativity and adaptability make her an asset to the team, thriving in the fast-paced and evolving Bitcoin ecosystem.

Digital Currency Group
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Digital Currency Group, Inc. (DCG) is a premier ecosystem investment platform focused on early-stage investments in the Bitcoin and digital asset technology sectors. DCG supports the growth of the digital asset industry through its fully-owned subsidiaries, including Grayscale, a leader in asset management trust funds; Luno, a prominent cryptocurrency exchange; Foundry, a leading bitcoin mining platform; Yuma, support and drive development on the Bittensor network, a decentralized AI protocol, and various venture investments in the digital asset space.

Abra
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Abra is a global financial technology platform specializing in digital asset services, offering trading, lending, borrowing, and wealth management solutions. Abra leverages decentralized technology to provide secure, accessible, and efficient financial services for retail and institutional clients. Its integrated platform combines institutional-grade risk management with deep DeFi expertise, enabling users to grow and manage digital asset portfolios with competitive yield strategies and tailored liquidity solutions.

Galaxy
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Galaxy is a leading digital asset firm dedicated to empowering institutions, startups, and qualified individuals to navigate and shape the evolving digital economy. The company offers tailored platform solutions designed for a digitally native ecosystem, driving innovation and accessibility in the digital asset space. Galaxy went public on Nasdaq on May 16, 2025.

Swan Bitcoin
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Swan is a Bitcoin investment platform designed to simplify Bitcoin purchasing and foster millions of new Bitcoin adopters. Its platform enables automatic recurring Bitcoin purchases, seamlessly converting dollars into Bitcoin savings, with secure storage through a licensed and regulated custodian. Swan Private offers tailored services for corporations and high-net-worth individuals, guiding them toward building generational wealth with Bitcoin.

Provenance Blockchain (Hash Tokens)
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Provenance is a distributed, proof of stake decentralized network designed for the financial services industry. Banks, funds, asset originators and technology companies use Provenance for loan origination, servicing and financing, marketplace trading, fund custody and administration, banking and payments, and private company cap table management.

Unchained Capital
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Unchained Capital is a Bitcoin-native financial services company dedicated to empowering clients with secure and innovative solutions. It provides collaborative custody, a trading desk, Bitcoin-backed loans, and Bitcoin retirement accounts, all supported by its advanced multi-signature cold storage custody solution. These offerings enable users to maximize the value of their Bitcoin assets both now and in the future. 

Satoshi Energy
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Founded in 2019 under the idea that 24/7 power markets will benefit from 24/7 financial settlement enabled by the Bitcoin network. The company is building a market strategy for bitcoin miners to procure low-cost renewable energy. It seeks to power bitcoin with renewable energy by connecting data centers with BTC miners.

Figure Technologies
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Figure Markets
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Figure is a financial technology company revolutionizing through two core divisions. Figure Technology Solutions provides home equity and mortgage services aimed at enhancing the financial well-being of customers. Figure Markets is a decentralized platform that enables investors to trade a diverse array of assets, including cryptocurrencies, stocks, and alternative investments. Figure went public on Nasdaq on Sep 11, 2025.

Figure Markets
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Figure Markets evolved from the Figure Group in May 2024. It is a decentralized platform that enables investors to trade a diverse array of assets, including cryptocurrencies, stocks, and alternative investments. HCM invested in Figure in April 2019 and November 2019.

LifPay
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LifPay is a Bitcoin and Lightning wallet developed to enable efficient, global transactions. The platform focuses on providing a seamless experience for individuals and businesses with features such as customizable Lightning addresses, personal payment pages, and support for NFC gift cards. Incubated by HCM, LifPay aims to simplify the use of Bitcoin for payments while expanding its utility.

Chained Finance
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A HCM Capital incubated company, Chained Finance, uses decentralized networks to streamline the financing of deep-tier supplies in manufacturing.

Lumin Bitcoin
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Lumin is a Bitcoin multisig wallet designed to prioritize security and self-sovereignty. It offers features such as 2-of-3 multisig vaults, backup assurance, and compatibility with leading hardware wallets. By integrating advanced security measures and a user-friendly design, Lumin provides a reliable solution for safeguarding digital assets. HCM incubates Lumin as part of its commitment to advancing Bitcoin infrastructure.

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An Dong
Research Associate

An is the Investment&Research Manager at HCM Capital, where she focuses on project research and evaluation, as well as conducting research on macroeconomics and analyzing the Bitcoin industry. Before joining HCM Capital, An served as an analyst at Dialogue Capital, a boutique investment bank specializing in the private market. Prior to her time at Dialogue Capital, she worked on real estate acquisition analysis at CSS. An started her career at BNY Mellon after obtaining her Master’s degree in Finance from Johns Hopkins University, and her Bachelor’s degree in Financial Planning from Purdue University.

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Jack Lee
Managing Partner

Jack founded HCM Capital in 2014 and has been investing across from digital assets, Fintech to, in recent years, Bitcoin space. He currently sits on the board of Abra. Jack was previously Board Director at Galaxy Digital, Cambridge Blockchain (acquired), FnConn, etc. He also serves as a strategic advisor to Figure Technologies, and as a Fellow at SUSS (Singapore University of Social Science). Jack spent a decade at Foxconn where he led over 10 strategic investments to strengthen Foxconn’s value chain in the global tech arena. Prior to that, he was an investment banker at JP Morgan, Citi, etc in Taiwan. Jack received his MBA from UCLA Anderson School and BBA from National Taiwan University.

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Jim He
Technical Development and Project Research Manager

Jim has 13 years of experience in the Fintech space, and over 5 years of experience in the blockchain space, he has worked for OCBC Bank, TCL Finance, Chained Finance, as a technical expert, technical manager and technical director. He is a Bitcoin enthusiast, currently focusing on Bitcoin technical research and leading a Bitcoin project.

Jack Lee
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Jack founded HCM Capital in 2014 and has been investing across from digital assets, Fintech to, in recent years, Bitcoin space. He currently sits on the board of Abra. Jack was previously Board Director at Galaxy Digital, Cambridge Blockchain (acquired), FnConn, etc. He also serves as a strategic advisor to Figure Technologies, and as a Fellow at SUSS (Singapore University of Social Science). Jack spent a decade at Foxconn where he led over 10 strategic investments to strengthen Foxconn’s value chain in the global tech arena. Prior to that, he was an investment banker at JP Morgan, Citi, etc in Taiwan. Jack received his MBA from UCLA Anderson School and BBA from National Taiwan University.

Satlantis
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Satlantis is a location-centric social network that bridges digital and physical spaces. By embracing Nostr for portable identity and social graphs, it offers a truly unique, relevant, and dynamic social experience for nomads, travelers, and community members. With Bitcoin integrated for monetization, Satlantis aims to be the first killer app for Nostr, transforming the internet with sovereign identity, portable social graphs, and global internet-native money.