VanEck is Launching Purposebuilt on Avalanche

Twitter icon  •  Published 2주 전 on May 22, 2025  •  Hassan Maishera

On Wednesday, the Avalanche Foundation announced via X that VanEck is launching Purposebuilt, a dedicated fund to back real-world applications on Avalanche.

VanEck is Launching Purposebuilt on Avalanche

On Wednesday, the Avalanche Foundation announced via X that VanEck is launching Purposebuilt, a dedicated fund to back real-world applications on Avalanche. VanEck is one of the world’s leading asset managers, with over $116B in assets under management.

Purposebuilt will be managed by the team behind VanEck’s Digital Asset Alpha Fund (DAAF), one of the top-performing liquid token funds in the market, with over $100M AUM.

The Fund will invest in liquid tokens and venture-backed projects, spanning gaming, financial services, payments, and AI industries. They will invest typically around or after a Token Generation Event, with a fundamentals-first strategy focused on long-term outcomes. Idle capital will be deployed onchain through Avalanche-native real-world asset (RWA) products, including tokenized money market funds, to maintain liquidity while reinforcing the broader onchain economy.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up 4.5% today and currently trades at $23.49 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.