From Cointelegraph
May 21, 2025 6:30 PM:

VanEck plans to launch a private digital assets fund targeting tokenized Web3 projects on the Avalanche blockchain in June. The PurposeBuilt Fund will invest in liquid tokens across sectors like gaming, financial services, and AI, managed by the team behind VanEck’s Digital Assets Alpha Fund. RWAs are a fast-growing segment in crypto.

VanEck’s PurposeBuilt Fund is the latest in a series of thematic crypto funds offering exposure to fast-growing Web3 segments. The asset manager recently launched an actively managed ETF investing in the digital economy and a passive index ETF for crypto companies. VanEck and other asset managers are seeking SEC permission to list over 70 crypto ETFs.

Avalanche has become a hub for real-world assets and institutional crypto projects, with subnets allowing institutions to run smart contracts. Solv Protocol recently launched a yield-bearing Bitcoin token on Avalanche for institutional investors. Avalanche has around $1.5 billion in total value locked, signaling a shift towards real utility and sustainable token economies.

Read more at Cointelegraph: VanEck to launch Avalanche ecosystem fund