VanEck Launches PurposeBuilt Fund, a Private Digital Assets Investment Vehicle Dedicated to Supporting Projects on the Avalanche Blockchain

VanEck, a leading global asset manager, has announced the upcoming launch of the PurposeBuilt Fund, a private digital assets investment vehicle dedicated to supporting projects

A leading global asset manager, VanEck, is set to launch a private digital assets investment vehicle focused on supporting projects on the Avalanche blockchain.

The new fund, named PurposeBuilt Fund, is scheduled to commence operations in June 2025. It will concentrate on ventures that demonstrate practical utility and real-world applications across high-growth sectors such as gaming, financial services, payments, and artificial intelligence.

This initiative marks a natural evolution of VanEck’s digital assets strategy, shifting the focus from speculative investments to backing projects that deliver tangible value.

The PurposeBuilt Fund will be managed by the same experienced team currently overseeing the VanEck Digital Assets Alpha Fund (DAAF), which has over $100 million in assets under management. The fund will support liquid tokens and venture-backed blockchain projects, especially around or after their Token Generation Events (TGEs).

“The next wave of value in crypto will come from real businesses, not more infrastructure. Avalanche has consistently attracted thoughtful builders, and we’re excited to bring capital and conviction to founders creating enduring value,” said Pranav Kanade, Portfolio Manager at VanEck Digital Assets.

In a departure from the traditional approach of holding idle funds in fiat or off-chain instruments, VanEck intends to keep unallocated capital actively deployed through Avalanche-native real-world asset (RWA) products.

These will include tokenized money market funds and other on-chain financial instruments, further cementing Avalanche’s standing as a leading platform for digital finance.

John Nahas, Chief Business Officer at Ava Labs, the team building Avalanche, added: “We’re excited to welcome an institution of VanEck’s caliber and experience to the Avalanche ecosystem.”

“This marks a shift toward real utility and sustainable token economics. It reinforces Avalanche as a home for serious founders who are scaling real businesses and driving meaningful on-chain adoption.”

Avalanche has become a key destination for projects delivering enterprise-grade solutions across decentralized finance (DeFi), artificial intelligence, tokenized assets, and more. Its speed, scalability, and modular infrastructure have increasingly attracted both web3-native teams and traditional institutions exploring blockchain-based innovation.

The PurposeBuilt Fund aims to amplify this momentum by serving as a source of early capital and strategic support. According to VanEck, this support extends beyond financial backing—it includes network access, strategic advisory, and the signal of institutional endorsement that can be crucial for newer ventures.

The VanEck PurposeBuilt Fund will be accessible exclusively to accredited investors. The fund’s formation aligns with a broader narrative of institutional players entering the digital asset space with a deeper understanding of risk, product-market fit, and on-chain economics.

Further details regarding fund structure, participation criteria, and target projects will be shared through VanEck’s official investor communications channels closer to the June 2025 launch.