TechFlow, May 21 — According to Blockworks, cryptocurrency investment firm VanEck plans to launch the VanEck PurposeBuilt Fund next month, focusing on the Avalanche ecosystem. The fund will be managed by VanEck Digital Assets Alpha and will primarily invest in liquid tokens and venture-backed projects across multiple sectors including gaming, financial services, payments, and artificial intelligence.
Pranav Kanade, portfolio manager at VanEck Digital Assets Alpha, said Avalanche was chosen because its Layer-1 architecture gives developers full control over the technology stack, and its C-Chain offers an Ethereum Virtual Machine environment with competitively high throughput for early-stage teams. The fund will adopt a fundamentals-driven, long-term investment strategy, investing mainly around token generation events. Unused capital will be deployed on-chain via real-world asset products on Avalanche.
