Crypto venture Dao5 secures $222 million in funding to stimulate institutional investment in cryptocurrency.
Title: Dao5 Secures $222M for Enhancing Institutional Crypto Investments
Hey there! Let's chat about the recent funding round by Dao5, a venture capital firm specializing in cryptocurrencies.
The firm has successfully closed its second investment vehicle, raising a whopping $222 million. That brings their assets under management to a hefty $550 million. Exciting times, right?
Tekin Salimi, founder and general partner of Dao5, stated that the crypto industry is maturing and ready to graduate from pure speculation as its growth driver. The fund will be channeled towards stablecoin networks, state-sovereign artificial intelligence, and public onchain infrastructure.
This fund closure comes amidst a flood of institutional investments in the digital assets sphere, stimulated by the approval of Bitcoin and Ether ETFs and changes in regulatory oversight under U.S. President Trump's administration.
Trump's administration has been referred to as the "crypto president," given his supportive stance towards digital assets. He's been reducing regulatory scrutiny on crypto companies, advocating for a strategic Bitcoin reserve, and championing policies favorable to token miners.
This crypto-friendly environment has fueled investments not just in digital assets, but also in centralized exchanges and blockchain technology firms. Meanwhile, several public companies, such as Rumble, Leef Brands, and Janover, are adopting or planning to adopt Bitcoin, Solana, or other cryptocurrencies in their corporate treasuries.
As for Dao5, they are gearing up for the transformation of their fund into a decentralized autonomous organization (DAO), with the first steps expected later this year. To support their growing ambitions, they've brought on board seasoned crypto investor George Lambeth as General Partner. His notable investments include Avalanche and Arbitrum.
Salimi, a former partner at crypto-focused venture firm Polychain Capital, believes that future success will be determined by the real integration of blockchain technology into financial, governmental, and private sector systems.
Dao5, founded in 2022, has already invested in over 50 companies, such as Bittensor, Story Protocol, and EigenLayer. They fully deployed capital from their debut fund worth $125 million, returning most of the commitments to their limited partners.
Stay tuned for more updates on Dao5's ventures and the crypto world at large!
[1] Dao5 Founder: Tekin Salimi, a former corporate lawyer and Polychain Capital alumnus.[2] dao5's Strategy: Early-stage blockchain projects, institutional adoption focus, and multi-strategy flexibility.[3] Notable Investments: Berachain, Bittensor.
- Tekin Salimi, the founder of Dao5, is a former corporate lawyer and alumnus of Polychain Capital.
- Dao5's strategy focuses on early-stage blockchain projects, institutional adoption, and multi-strategy flexibility.
- Notable investments by Dao5 include Berachain and Bittensor.
- Dao5 has closed its second investment vehicle, raising $222 million and expanding their assets under management to $550 million.
- The funds will be directed towards stablecoin networks, state-sovereign artificial intelligence, and public onchain infrastructure.
- This investment round comes as a wave of institutional investments in the digital assets sphere, stimulated by the approval of Bitcoin and Ether ETFs and changes in regulatory oversight under President Trump's administration.
- Trump's administration has advocated policies favorable to token miners and reduced regulatory scrutiny on crypto companies, earning the nickname "crypto president."
- Beyond digital assets, investments have been made in centralized exchanges and blockchain technology firms due to this crypto-friendly environment.
- Dao5 plans to transform into a decentralized autonomous organization (DAO) with the first steps expected this year.
- George Lambeth, a seasoned crypto investor, has joined Dao5 as General Partner, bringing notable investments such as Avalanche and Arbitrum to the table.
