The post VanEck to Launch New Fund on Avalanche to Back Gaming, DeFi appeared on BitcoinEthereumNews.com.

Global asset manager VanEck is placing a huge bet on Avalanche with the planned launch of its private digital assets fund dubbed “VanEck PurposeBuilt Fund.” The asset manager noted that the fund will focus on Avalanche-based businesses as well as support the launch of tokens built for long-term utility. Set to go live in June, the new fund is designed for accredited investors looking to back utility-driven Web3 projects. VanEck Avalanche Fund to Focus on DeFi, AI, RWA The VanEck Avalanche fund will focus on thriving sections of the Web3 market, including payments, artificial intelligence (AI), gaming, DeFi, and RWA. According to the asset manager, the fund will target venture-backed projects and liquid tokens, focusing on or after their token generation event (TGE). Source: X VanEck says the Avalanche fund will embrace a fundamentals-first approach. This means it won’t rely on short-term momentum as an investment factor. Instead, it will back projects building stable token economies as well as long-term value. Additionally, the fund will make use of its idle capital by allocating it to Avalanche-based RWA products such as tokenized money market funds. This strategy will keep the fund’s capital working as well as deepen liquidity. It would also encourage engagement within Avalanche’s on-chain community. Why Avalanche? Avalanche is one of the fastest-growing developer ecosystems in crypto. The DeFi project encourages developer activity with multiple grants and funds, including a recent $100 million fund for developers to build scalable apps with utility. This strong developer community, according to VanEck, has made Avalanche “a magnet for thoughtful builders.” Pranav Kanade, Portfolio Manager at VanEck, says the new fund will provide “capital to support that shift.” On-chain data supports VanEck’s trust in Avalanche. The network recently saw nearly 3 million contracts deployed in one week; its second-largest surge ever. At the…

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Filed under: News - @ May 23, 2025 2:25 am