Yeliz Akmaca 
VanEck is launching a new private fund focused on the Avalanche (AVAX) network in June. Named the “VanEck PurposeBuilt Fund,” it will be open only to qualified investors. Additionally, it will provide capital to projects operating in key Web3 sectors. The fund’s management will be handled by the VanEck Digital Assets Alpha Fund (DAAF) team, which oversees assets worth over $100 million.
The PurposeBuilt Fund will invest in projects in gaming, financial services, payment systems, and artificial intelligence, targeting ventures at pre- or post-token generation event (TGE) stages. The fund prioritizes long-term value and utility over short-term speculation.
DAAF stands out as one of the top-performing directional liquid token funds in the market. Launched in 2022, the fund has focused on liquid token investments based on scalability, economic alignment, and real adoption. It now brings the same approach to the Avalanche ecosystem.
VanEck Web3 Vision
VanEck’s portfolio manager, Pranav Kanade, stated:
“The next wave of value in crypto will come from real businesses, not more infrastructure. Avalanche has become a magnet for thoughtful builders. With the PurposeBuilt Fund, we’re bringing capital and conviction to founders. We’re not chasing momentum. We’re building lasting value.”
Avalanche’s ecosystem is currently valued at approximately $50 billion. The VanEck team notes that the number of developers building significant projects on this network is rapidly increasing. Developers are creating on-chain economic activities while pioneering new markets.
The PurposeBuilt Fund reflects VanEck’s “GDP on-chain” vision. According to the firm, blockchain technology will become central to global economic and financial systems. Projects aligned with this vision are expected to be the most resilient.
John Nahas, Chief Operating Officer of Ava Labs, commented on the development:
“VanEck’s launch of the PurposeBuilt Fund marks a significant moment for the Avalanche ecosystem. We’re seeing a shift from speculative hype to real utility and sustainable token economies. VanEck’s fund brings the kind of long-term capital and strategic conviction that founders need to lead this transition. This fund reinforces Avalanche’s strength as a hub for serious builders.”
The fund focuses on long-term value rather than short-term gains. This strategy aims to build a sustainable structure in the Web3 world. VanEck seeks to provide capital to projects with real-world applications and tangible benefits. In this context, it is targeting real-world asset (RWA) solutions like Avalanche’s tokenized money market funds. This approach both provides liquidity and grows the network’s internal economy.
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