Psalion Launches Third Venture Capital Fund of $50 Million, Focusing on Blockchain Technology Applications

Singaporean digital asset investment management company Psalion has launched its third venture capital fund, with a size of $50 million, marking the largest fund to date for the company. The fund will focus on the application of blockchain technology. It will invest in seed and pre-seed companies in the infrastructure, middleware, trade finance, RWA, stablecoin, and DeFi sectors, with a particular emphasis on consumer applications of Web3 in asset ownership, trading, and interaction. Psalion Managing Partner Tim Enneking stated that the previous two funds were launched during market downturns, believing that "the best opportunities often appear in down markets—valuations are more reasonable, and founders are more focused."