Venture capital firm Andreessen Horowitz, also known as a16z, has raised $2.2 billion for its newest crypto-focused fund, Crypto Fund 5.
The firm said this new fund will support startups working on stablecoins, prediction markets, perpetual futures, and tokenized assets. The company believes crypto infrastructure is becoming more important as internet systems get more centralized and harder to trust.
This news comes soon after rival firm Haun Ventures announced a separate $1 billion fund focused on crypto and AI, showing that venture capital interest in digital assets remains strong even as AI gets more attention.
A16z said more people are using stablecoins, even in tough markets. The company also noted that activity in perpetual futures and prediction markets is growing, which shows that onchain finance is moving beyond just speculation.
Crypto Fund 5 is smaller than the firm’s earlier $4.5 billion crypto fund from 2022, but the company says today’s market is a good time to focus on products with real, lasting value instead of hype.
The firm also said better U.S. crypto regulation is helping the industry grow. It pointed to progress on the GENIUS Act and other efforts by lawmakers and regulators to set clearer rules for digital assets.
A16z says a new financial system is emerging—one that runs all the time, settles transactions almost instantly, and offers lower costs with wider global access.
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