The OCC has conditionally approved Augustus Bank N.A., the first clearing bank built on stablecoin and AI infrastructure. 25-year-old Thiel Fellow Ferdinand Dabitz will become the youngest CEO of a federally chartered U.S. bank in 140 years if fully approved. The bank has processed billions in volume with 10x YoY growth, serving clients like Kraken.

本文基于Carta 2026年Q1 VC基金业绩报告，深入分析加密风投市场的结构性变化：账面价值（TVPI）已连续六个季度回升，但实际现金回报（DPI）仍极低，超过半数2019-2020年份基金未向LP返还任何现金。资金正加速向头部基金集中，1亿美元以上基金占据57%募资额，中间层基金面临募资困难。文章还盘点了六月十大加密融资事件，包括Securitize的4亿美元SPAC合并、Digital Asset的3.55亿美元战略轮、Morpho的1.75亿美元DeFi轮等，并介绍了Variant和Framework两支新基金。

Carta 2026年Q1风投报告显示，VC基金账面价值（TVPI）连续六个季度回升，但现金分配（DPI）仍极低，超过半数成立五至六年的基金尚未返还LP一分钱。资金加速流向头部基金，1亿美元以上基金吸走57%募资额。流动性成为下一阶段主导逻辑，能主动创造退出的GP将胜出。加密风投比传统VC更离散、更集中，6月融资亮点包括Digital Asset（a16z领投3.55亿美元）、Securitize上市（约4亿美元）、Morpho（1.75亿美元）等。本文还整理了本月新基金公告及黑客松日程。

San Francisco-based crypto VC Framework Ventures has closed a $400 million fourth fund, with LPs including funds of funds, an Ivy League endowment, sovereign wealth funds, and nonprofits. The fund will target 'frontier technology,' spanning crypto, AI, robotics, and energy. Co-founders Vance Spencer and Michael Anderson said about half of the capital has already been deployed, including non-crypto bets like robotics data startup Mecka AI and mortgage issuer Better.com. Amid a crypto downturn and AI boom, competitors Paradigm and Haun Ventures have similarly broadened their focus.

Framework Ventures has closed its fourth fund at $400 million, backed by FOFs, Ivy League endowments, and sovereign wealth funds. The new fund targets 'frontier technology' sectors including crypto, AI, robotics, and energy, with roughly half already deployed. Known for early investments in Aave and Chainlink, the firm is shifting focus alongside founder networks rather than chasing the AI hype. Competitors Paradigm and Haun Ventures are also raising large funds targeting AI and robotics.