Singapore-based digital asset investment firm Psalion closes a new $50 million fund.

Singapore-based digital asset investment firm Psalion has announced the closing of its largest-ever venture capital fundraise, launching its third fund worth $50 million, aimed at investing in the next phase of blockchain application development. The fund adopts the Singapore Variable Capital Company (VCC) structure and is managed by Conduit Asset Management Pte. Ltd. (CAM), targeting early-stage projects that integrate blockchain technology into the real economy, with a focus on areas including infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi). Psalion stated that the fund will primarily invest in pre-seed and seed-stage startups, and focus on the integration of Web3 infrastructure into consumer-facing applications, covering changes to asset ownership, transaction methods, and user interaction patterns. Tim Enneking, managing partner at Psalion, noted that the crypto market used to represent an investment philosophy that stood in opposition to the traditional financial system, but now the team is focused on bridging the two—enabling Web2 businesses to operate on Web3 infrastructure.