VanEck debuts PurposeBuilt fund to invest in Avalanche-based applications

VanEck, a leading global asset manager, is on the verge of launching a new private fund exclusively targeting the Avalanche (AVAX) blockchain.

The VanEck PurposeBuilt Fund is expected to launch in June 2025. It will direct strategic capital to companies with real-world use cases issuing tokens on the Avalanche network.

Unlike many crypto funds that pursue hype or short-term momentum, this is a fund that looks over the horizon. It aims to support mission-driven entrepreneurs building lasting value through blockchain-enabled technology. It goes after companies launching tokens with actual utility — not just speculation.$AVAX