Singapore-based digital asset investment manager Psalion has launched its third venture capital fund with a size of $50 million, marking the firm’s largest fund to date. According to GlobeNewswire, the new vehicle is focused on blockchain technology applications rather than broad market exposure. The fund will back pre-seed and seed-stage companies across infrastructure, middleware, trade finance, real-world assets, stablecoins and decentralized finance. Psalion said it is also placing particular emphasis on consumer-facing Web3 use cases tied to how assets are owned, traded and interacted with. Managing partner Tim Enneking said the firm’s first two funds were also launched during market downturns, adding that the best opportunities often emerge in weaker markets because valuations are more reasonable and founders are more focused. The launch signals Psalion’s continued commitment to early-stage blockchain investing through a market cycle it views as favorable for disciplined deployment.
Singapore digital asset investment manager Psalion has launched its third venture capital fund, a $50 million vehicle that the firm says is its largest so far, according to GlobeNewswire.
The new fund is focused on blockchain technology applications. It will invest in pre-seed and seed-stage companies working in infrastructure, middleware, trade finance, real-world assets, stablecoins and decentralized finance. Psalion is also putting emphasis on consumer applications of Web3, especially in areas tied to asset ownership, trading and interaction.
Tim Enneking, managing partner at Psalion, said the firm’s first two funds were both launched during weak market periods. He added, “The best opportunities often appear in down markets — valuations are more reasonable, and founders are more focused.”
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