VanEck to Launch PurposeBuilt Fund Targeting Tokenized Web3 Projects on Avalanche in June 2025

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. It aims to invest in projects with long-term token utility around the token generation event (TGE) stage. 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 initiative aligns with recent data indicating growth and interest in the Avalanche ecosystem.

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