a16z Raises $2.2B Crypto Fund 5 for Stablecoins and Onchain Finance

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a16z announced a $2.2 billion Crypto Fund 5 to back crypto startups. The firm said it plans to invest over the next decade across stages. The fund will focus on stablecoins, payments and financial services, decentralized systems, and onchain markets. a16z said crypto fundamentals are at all-time highs even as sentiment remains weak and capital crowds into AI.

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