VanEck, a veteran asset manager, announced plans to launch a private digital assets fund called the VanEck PurposeBuilt Fund in June 2025. The fund will focus on the Avalanche blockchain ecosystem, targeting tokenized Web3 projects across sectors including gaming, financial services, payments, and artificial intelligence.
Veteran asset manager VanEck is set to launch a private digital assets fund called the VanEck PurposeBuilt Fund in June 2025, focusing on the Avalanche blockchain ecosystem.
The fund will target tokenized Web3 projects across various sectors, including gaming, financial services, payments, and artificial intelligence. It aims to invest in projects with long-term token utility around the token generation event (TGE) stage.
The initiative to create the fund was announced on Monday. The fund will be managed by the team behind VanEck’s Digital Asset Alpha Fund (DAAF) and intends to allocate idle capital to real-world asset (RWA) projects built on Avalanche.
This move comes as recent data has highlighted the increasing interest and activity in the Avalanche ecosystem. A report by crypto intelligence platform Token Terminal in May showed a substantial rise in revenue generated by decentralized applications (DApps) on Avalanche during the first quarter of 2025.
Moreover, a survey by TokenInsight revealed that crypto users in China, Russia, and Southeast Asia displayed a strong preference for the Avalanche blockchain. The survey, which polled 3,000 crypto traders and investors, indicated a clear interest in the platform's potential.
The fund's launch is part of VanEck’s broader strategy to expand its digital assets offerings. The firm, which manages about $83 billion in assets, filed in December for an exchange-traded fund (ETF) that would invest in DeFi protocols.
The VanEck PurposeBuilt Fund is expected to be a limited partnership fund open to sophisticated investors. It will provide a unique opportunity for investors to gain diversified exposure to the burgeoning Web3 ecosystem on Avalanche.
As the cryptocurrency industry continues to evolve, we can anticipate further innovative products and investment vehicles being introduced by leading asset managers like VanEck.
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