VanEck plans to launch a private digital assets fund in June 2025 targeting tokenized Web3 projects built on the Avalanche blockchain network. The VanEck PurposeBuilt Fund is available only to accredited investors. It aims to invest in liquid tokens and venture-backed projects across Web3 sectors including gaming, financial services, payments and artificial intelligence. Idle capital will be deployed into Avalanche real-world asset (RWA) products, including tokenized money market funds. The next wave of value in crypto will come from real businesses and not more infrastructure. VanEck’s PurposeBuilt Fund is the latest in a series of funds designed to offer exposure to projects and companies in fast-growing segments of Web3.

Avalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects. Its interrelated networks called subnets allow institutions to run Ethereum-style smart contracts in a controlled environment. Avalanche has around $1.5 billion in total value locked (TVL) as of 21 May 2025. Their website is https://www.avax.network .