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Psalion launches a third venture capital fund of $50 million, focused on blockchain technology applications

2026-07-28 06:25:09

Abstract generation in progress

PANews July 28 news, according to GlobeNewswire, Singapore digital asset investment management company Psalion has launched its third venture capital fund with a size of $50 million, the largest fund for the company to date, focusing on applications of blockchain technology. The fund will invest in seed rounds and pre-seed companies across infrastructure, middleware, trade finance, RWA, stablecoins, and DeFi, with a focus on consumer applications of Web3 in how people own assets, as well as in trading and interaction. Psalion managing partner Tim Enneking said that the first two funds were launched during a market downturn, and believes that “the best opportunities often appear in down markets—more reasonable valuations, and founders more focused.”

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