Psalion Launches $50M Fund for Early Stage Web3 Startups

Singapore digital asset firm Psalion is doubling down on crypto innovation with the launch of a new $50 million venture capital fund. This marks the firm's third and largest fund so far, aiming to support early stage blockchain teams at both pre seed and seed levels.

The fund will focus on foundational technology like blockchain infrastructure, trade finance, real world assets, and stablecoins. Psalion aims to use these investments to connect traditional Web2 systems with Web3 networks, helping traditional business models transition into crypto.

This capital injection comes at a crucial time as institutions demand better tools and infrastructure to enter crypto safely. Fresh funding for stablecoins and real world asset tokenization could help push adoption forward during the current market cycle. Investors will be watching closely to see which early teams receive backing first.