Dao5 Secures $222 Million for Institutional Blockchain Projects

Crypto venture capital firm dao5 has closed a $222 million fundraising round, bringing its total assets under management to about $550 million, with a strategic shift toward institutional blockchain adoption. The new fund targets stablecoin networks, on-chain public infrastructure, and 'state-sovereign artificial intelligence,' signaling a move away from pure speculation and towards real-world integration of blockchain technology in financial, governmental, and private sectors. Founder Tekin Salimi attributes the successful fundraising to the strong performance of dao5’s first fund, which fully repaid its initial investors. The completion of this fund coincides with increased institutional interest in digital assets, spurred by recent regulatory shifts and broader corporate adoption of cryptocurrencies. Dao5 also plans to convert its fund into a decentralized autonomous organization (DAO) later this year and has appointed seasoned investor George Lambeth as General Partner to support its expansion. This evolution reflects the growing maturity and diversification of the crypto investment landscape.