Global asset manager VanEck has rolled out plans to establish its own Avalanche-focused fund, a private digital assets investment fund built on the Avalanche chain, in June 2025. The PurposeBuilt Fund aims to support businesses developing real-world applications on blockchain.
The Fund will specifically pay attention to early-stage and venture-backed projects during or after their TGEs, allowing entrepreneurs to scale up faster and drive blockchain solutions. VanEck aims to capitalize on Avalanche’s high-speed and low-cost infrastructure to support the next wave of innovation in the ecosystem. The Fund will be supervised by VanEck’s team.
Avalanche’s token AVAX is trading in the green in 24 hours, rising 4.85% to $24.01.