VanEck Launches Avalanche-Focused Fund Targeting Digital Assets
VanEck is set to launch the PurposeBuilt Fund on June 10, 2025, focused on promoting digital assets and real-world applications built on the Avalanche blockchain.
The fund’s introduction highlights significant interest in blockchain utility, potentially increasing the Avalanche ecosystem’s value and attracting institutional capital aiming at real-world asset tokenization.
VanEck’s $116.6 Billion Assets Under Management Expands Focus
VanEck, a leading asset manager, oversees $116.6 billion and is debuting a digital asset fund focusing on Avalanche-native projects. This move aims to promote broader adoption of the Avalanche blockchain’s capabilities.
Portfolio Manager Pranav Kanade noted that Avalanche’s architecture enables project developers to maintain control over their tech stack, underscoring the blockchain’s relevance in developing real-world solutions. Kanade emphasized:
Increasingly, the best builders want to own the full stack with minimal value leakage, and Avalanche’s L1 architecture makes that possible. The Avalanche team has also backed this with strong business development efforts that are delivering results. At the same time, earlier-stage teams looking to test for product-market fit can launch on the C-Chain, which is competitive with the best high-throughput EVM chains. The Avalanche ecosystem offers solutions for builders across their entire lifecycle.
Fund Targets Real-World Assets to Boost Avalanche Activity
The fund targets businesses involving real-world assets on Avalanche, potentially boosting capital inflows and increasing on-chain activity. Community sentiment remains positive, expecting enhanced growth and ecosystem maturity.
This fund could raise Avalanche’s Total Value Locked (TVL) and liquidity, primarily benefiting sectors like finance, payments, and gaming. Historically, similar initiatives have influenced TVL and ecosystem expansion positively.
Avalanche Rush Program: A Catalyst for Ecosystem Growth
Historically, initiatives like the Avalanche Rush program catalyzed substantial ecosystem growth. Similar single-chain funds have previously stimulated development and price velocity on host blockchains.
Kanalcoin experts suggest this focus on real-world adoption could redefine the Avalanche network’s market position, boosting regulatory compliance and strengthening potential long-term growth paths compared to competitor ecosystems.
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