VanEck is set to launch a private digital assets fund in June, focusing on tokenized Web3 projects on the Avalanche blockchain. The VanEck PurposeBuilt Fund will target accredited investors and aims to invest in liquid tokens and venture-backed opportunities across various Web3 sectors, such as gaming, payments, financial services, and artificial intelligence. The fund will allocate idle capital toward real-world asset (RWA) projects, including tokenized money market funds. Managed by the team behind VanEck's Digital Assets Alpha Fund, which currently oversees over $100 million, the PurposeBuilt Fund aligns with a market trend that emphasizes real utility and sustainable token economies. Avalanche is noted for its strong positioning in the RWA market, boasting around $1.5 billion in total value locked as of May 21. This move is part of VanEck's strategy to provide exposure to rapidly evolving sectors within Web3 after previously launching several funds focused on the digital economy.

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