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Avalanche Secures Institutional Backing as VanEck Launches Purposebuilt Fund
VanEck, one of the world’s leading asset managers, has launched the Purposebuilt fund — a dedicated investment vehicle focused on backing real-world use cases built on Avalanche. The initiative is managed by VanEck’s Digital Assets Alpha Fund team, known for one of the top-performing token funds in the industry, with over $100M in assets under management.
Purposebuilt emphasizes long-term value and real utility over hype-driven speculation. It will fund a mix of liquid tokens and early-stage ventures, with capital deployed directly into Avalanche-native real-world asset products, such as tokenized money market funds.
Event date: May 29, 2025 UTC
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May 29 18:58 (UTC)
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