TL;DR
- Targeted Innovation: VanEck unveils its PurposeBuilt Fund, a private asset fund for qualified purchasers, focused on investing in companies that deliver tangible token utility..
- Strategic Investment Approach: The fund will deploy capital into liquid tokens and early-stage, venture-backed projects across key sectors like gaming, financial services, payments, and AI.
- Driving Real-World Application: Leveraging over $100 million in assets under management and a fundamentals-first strategy, the fund aims to bolster on-chain innovation.
VanEck is set to make a bold entry into the digital asset investment space with the launch of its new PurposeBuilt Fund. Targeting the rapidly growing Avalanche blockchain, the fund is designed to back companies that are creating real-world solutions with lasting token utility.
Scheduled to launch in June 2025, this private asset fund will be available exclusively to qualified purchasers and is poised to drive meaningful innovation in the Avalanche ecosystem.
We’re excited to support this next chapter.
🔺 Let’s build for real adoption, with the partners who believe in it.
More details → https://t.co/va3ivI43dC
— Avalanche🔺 (@avax) May 21, 2025
Fund Overview and Investment Focus
The PurposeBuilt Fund is not just another venture into crypto, it is a strategic move toward investing in projects that deliver tangible value. VanEck’s approach centers on funding companies that issue tokens backed by real utility rather than those chasing short-term momentum.
The fund will invest in liquid tokens and early-stage venture-backed projects across dynamic sectors such as gaming, financial services, payments, and artificial intelligence. Investments are expected to be made around or just after a project’s Token Generation Event, ensuring that the capital is deployed at the optimal moment for growth and adoption.
Managed by the team behind the successful VanEck Digital Assets Alpha Fund, which has consistently delivered strong performance since its launch in 2022, the new fund leverages over $100 million in assets under management.
This seasoned team will apply its fundamentals-first strategy to carefully select projects on the Avalanche network, a blockchain recognized for its speed, low costs, and robust ecosystem. With Avalanche’s market valued at nearly $50 billion, the fund is ideally positioned to tap into an environment that is both cost-efficient and fast-evolving.
Backing Real-World Applications on Avalanche
VanEck’s PurposeBuilt Fund underscores its conviction that the next wave of crypto value will come from real business applications. The fund aims to deploy idle capital on-chain via Avalanche-native real-world asset products such as tokenized money market funds, thereby bolstering liquidity while supporting sustainable economic activity.
By prioritizing projects that build for long-term utility over speculative gains, VanEck is setting the stage for a future where blockchain technology plays a core role in the global financial system.
