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Dao5 Secures $222M War Chest to Push Institutional Crypto Adoption—Because Banks Still Can’t Figure Out Self-Custody
Dao5 Secures $222M War Chest to Push Institutional Crypto Adoption—Because Banks Still Can’t Figure Out Self-Custody
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Another day, another nine-figure crypto fund—but this one’s targeting the holy grail: getting risk-averse institutions to actually use blockchain infrastructure.
Dao5’s fresh $222 million raise signals Wall Street’s growing FOMO, even as traditional finance still struggles to explain proof-of-stake at cocktail parties.
The fund plans to back ’institutional-grade’ blockchain solutions—because apparently the $2T crypto market still needs more hand-holding for suits to hit ’approve’ on a smart contract.
One insider quipped: ’If this gets pension funds to stop investing in ’blockchain’ via Accenture PowerPoints, it’s already a win.’
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