VanEck to launch PurposeBuilt fund focused on Avalanche ecosystem

Odaily News VanEck is planning to launch a PurposeBuilt fund focusing on the Avalanche ecosystem, which will focus on investing in venture-backed liquidity tokens and projects, covering multiple fields such as games, financial services, payments, and artificial intelligence. The fund will usually make arrangements before and after the project's token generation event (TGE) and adopt a fundamentals-oriented long-term strategy.
Pranav Kanade, investment manager of VanEck Alpha Fund, said that Avalanche's primary architecture enables developers to control the entire technology stack and has strong business development capabilities. At the same time, the initial team can test product-market fit on the high-performance C-Chain, and the Avalanche ecosystem can cover the entire life cycle of the project from early stage to maturity.
He also pointed out that there are no plans to launch other ecosystem-related funds at present. Funds not immediately invested will be deployed through the on-chain RWA product on Avalanche to maintain liquidity. (Blockworks)