Vaneck plans to launch a private digital asset fund in June on tokenized Web3 projects built in the blockchain Avalanche network, the asset manager said in a statement made available by Cointelegraph.
The Vaneck Cursutut fund, available only for accredited investors, aims to invest in liquid tokens and projects supported by a project in Web3 sectors, including games, financial services, payments and artificial intelligence.
Vaneck said that Idle Capital will be placed in Avalanche (Avax) Real Whored Asset (RWA) products, including funds on the money market.
The fund will be managed by the team behind the Digital Fund, Vanecka (Daaf) assets, which supervises over $ 100 million net asset as at May 21.
“Another wave of values in Crypto will come from real companies, not more infrastructure,” said Pranav Kanade, a portfolio manager for Daaf.
Related: Tokenized actions can the highest 1 ° C in market capitalization
Thematic cryptographic funds
The Vanecka Fund is the latest in a series of funds from the asset and rivals manager designed to offer exposure to projects and companies in rapidly developing web3 segments.
On May 14, Vaneck has launched a fresh actively managed rotational fund (ETF) for investing in financial shares and instruments, providing exposure to digital economy.
In April, Vaneck launched another ETF investment in a passive indicator of companies operating in the cryptographic space.
Asset managers, such as Vaneck, are asking for the consent of the USA (SEC) of the Securities and Exchange Commission (SEC) on the list of 70 ETF Crypto.
The wave of ETF applications is a response to US President Donald Trump, who softens the agency’s regulatory position towards cryptocurrencies after taking the office in January Trump.
Avalanche Rwa Ecosystem
Avalanche appeared as an asset center in the real world (RWA) and other institutional cryptocurrency projects.
Its related networks, called subsets, allow institutions to conduct clever Ethereum contracts in a controlled environment. On May 16, the SOLV protocol was launched by the Bitcoin token about Blockchain Avalanche, attacking institutional investors
Avalanche has about $ 1.5 billion in total blocked value (TVL) as of May 21, according to data from Donnela.
“We see a departure from a speculative noise towards true utility and sustainable symbolic economy,” said John Nahas, business director at Ava Labs.
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