VANECK plans to launch a personal digital asset fund for tokenized Web3 projects based on Avalanche blockchain network in June, and Asset Manager said in a statement shared with Cointelegraph.
The VANECK purpose construction fund, which can only be used for certified investors, aims to invest in liquid tokens and venture support projects in the WEB3 sector, including games, financial services, payment and artificial intelligence.
I idle capital will be deployed in Avalanche (AvAX) (AvAX) actual assets (AVAX), including the token currency market fund, VANECK said.
The fund will be managed by VANECK’s Digital Assets Alpha Fund (Daaf), which oversees more than $ 100 million in net assets as of May 21.
“The next value of encryption will come from the actual business, not more infrastructure,” in the statement.
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Encryption fund
VANECK’s purpose construction fund is the latest among asset managers and rivals designed to be exposed to projects and companies in the rapidly growing sectors of WEB3.
On May 14, VANECK began a newly managed exchange trading fund (ETF) to invest in stocks and financial products exposed to the digital economy.
In April, Vaneck started another ETF investment in the manual index of the company operating in the encryption space.
Asset administrators, such as Vaneck, are requesting to list 70 encryption ETFs for the US Securities and Exchange Commission.
The wave of ETF submission will smooth the regulatory position of the institution for encryption after Trump took office in January, in response to US President Donald Trump.
Snowfather RWA Ecosystem
Avalanche has emerged as a hub for actual assets (RWA) and other institution -oriented encryption projects.
With a mutual network called Subnet, the institution allows you to run an Etherrium -style smart contract in a controlled environment. May 16, SOLV protocol
According to DEFILLAMA’s data, Avalanche has a total value lock (TVL) about $ 1.5 billion as of May 21.
John Nahas, the chief business officer of AVA Labs, said in a statement: “We are seeing the transition from speculative over -advertising to actual utility and sustainable token economy.
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