VanEck, a global leader in asset management, today announced plans to launch the VanEck PurposeBuilt Fund, a private digital assets investment vehicle focused on businesses building within the Avalanche ecosystem. The fund is scheduled to launch in June 2025 and will support projects that are driving long-term value and utility through token innovation.
The PurposeBuilt Fund will allocate capital to liquid tokens and venture-backed projects across key sectors such as gaming, financial services, payments, and artificial intelligence. Targeting opportunities at or shortly after Token Generation Events (TGEs), the fund adopts a fundamentals-driven strategy to support sustainable growth. Unutilized capital will be actively deployed through Avalanche-native real-world asset (RWA) products, such as tokenized money market funds—enhancing liquidity and contributing to the broader onchain economy.
The new fund will be led by the same team behind the VanEck Digital Assets Alpha Fund (DAAF), one of the top-performing liquid token funds in the industry. With over $100 million in assets under management, DAAF has built its reputation by investing in tokens tied to scalable products and genuine market demand. The PurposeBuilt Fund will apply this proven investment methodology with a dedicated focus on the Avalanche network, which currently represents a nearly $50 billion ecosystem.
“The next wave of value in crypto will come from real businesses, not more infrastructure,” said Pranav Kanade, Portfolio Manager of VanEck Digital Assets Alpha Fund. “Avalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we’re bringing capital and conviction to the founders creating lasting value, not chasing momentum.”
Also Read: Astra Fintech Unveils $100M Solana Ecosystem Fund, Accelerates Asia Expansion
With the crypto landscape often dominated by speculative behavior, the PurposeBuilt Fund aims to offer an alternative—strategic, long-term capital for builders with sustainable visions. Founders of legitimate blockchain-enabled businesses frequently face challenges in cutting through the noise. This fund is positioned to align deeply with their mission, helping them maintain focus, build credibility, and scale with integrity.
“VanEck’s launch of the PurposeBuilt Fund marks a pivotal moment for the Avalanche ecosystem,” commented John Nahas, Chief Business Officer at Ava Labs. “We’re seeing a shift away from speculative hype toward real utility and sustainable token economies, and the VanEck PurposeBuilt Fund aims to bring the kind of long-term capital and strategic conviction that builders need to lead that shift. This fund reinforces the strength of Avalanche as the home for serious founders who are scaling real businesses and driving meaningful onchain adoption.”
Avalanche continues to draw innovative teams building enterprise-grade, real-world applications across DeFi, RWAs, AI, gaming, payments, and FinTech. These solutions are increasingly being adopted by web2 platforms and traditional institutions alike. With the launch of the PurposeBuilt Fund, VanEck aims to provide these trailblazers with the resources, strategic backing, and market signal they need to thrive in the next era of onchain growth.