VanEck is set to introduce a private digital assets fund in June, concentrating on tokenized Web3 projects on the Avalanche blockchain. The VanEck PurposeBuilt Fund, designed for accredited investors, will focus on investments in liquid tokens and venture-backed projects within sectors such as gaming, financial services, payments, and artificial intelligence. The fund aims to utilize idle capital for real-world asset (RWA) initiatives, including tokenized money market funds. Managed by the team behind VanEck’s Digital Assets Alpha Fund, which currently oversees over $100 million in assets, the fund is part of a broader trend where asset managers are looking to invest in tangible businesses rather than speculative infrastructure. As of May 21, Avalanche boasts approximately $1.5 billion in total value locked, emphasizing its status in the RWA landscape within crypto. The rise of RWAs marks a shift in the market towards increasing utility and sustainability in crypto projects.

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