Psalion Launches $50M Venture Fund for Early-Stage Blockchain Startups

According to Psalion, the digital asset investment manager launched a $50 million venture fund to support early-stage blockchain companies. The fund is structured as a Singapore-domiciled Variable Capital Company and managed by Conduit Asset Management Pte. Ltd., licensed by the Monetary Authority of Singapore.

The fund will focus on pre-seed and seed-stage investments in blockchain infrastructure, middleware, trade finance, tokenized real-world assets, stablecoins, decentralized finance, and consumer applications. Managing Partner Tim Enneking stated the firm targets businesses integrating blockchain technology into traditional digital services rather than cryptocurrency-native products alone.