VanEck Bets Big on Avalanche with New Fund Targeting Real-World Blockchain Adoption
Wall Street meets Web3 as asset management giant VanEck doubles down on Avalanche’s ecosystem.
The move signals growing institutional confidence in blockchain’s potential to disrupt traditional finance—though skeptics whisper this might just be another ’flavor-of-the-month’ crypto play.
Avalanche’s speed and low-cost transactions make it a prime candidate for enterprise adoption. Now VanEck’s putting money where the hype is.
Because nothing accelerates real-world adoption like a nine-figure fund and a herd mentality among VCs.
VanEck Sees ‘Shift From Speculative Hype To Real Utility’
The team behind the DAAF will also manage the new VanEck Purposebuilt Fund. The team says that DAAF is “one of the strongest-performing directional liquid token funds in the market.” It has over $100 million in assets under management.
The team argues that one of the issues the crypto market faces is the difficulty for legitimate blockchain-powered businesses to “stand out in an environment dominated by short-term speculation. This distorts incentives, undermines token credibility, and slows real adoption.” The new fund aims to solve this, VanEck claims.
Just announced, @vaneck_us is launching Purposebuilt, a dedicated fund to back real-world applications on Avalanche.
This is a major signal of institutional conviction in Avalanche and the broader MOVE to bring GDP on-chain.
Full breakdown
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Furthermore, John Nahas, Chief Business Officer at Ava Labs, described Purposebuilt as a pivotal moment for the ecosystem. It reinforces Avalanche as “the home for serious founders who are scaling real businesses and driving meaningful onchain adoption.”
Per Nahas, there is “a shift away from speculative HYPE toward real utility and sustainable token economies.” Therefore, Purposebuilt’s goal is to “bring the kind of long-term capital and strategic conviction that builders need to lead that shift.”
At the time of writing, AVAX trades at $22.65. It is up 2.8% in a day and 10% in a month. The price has decreased by 12% in a week and 44% in a year.
The coin hit its all-time high of $144.96 in November 2021, falling 84% since.
Meanwhile, the company notes that the VanEck Purposebuilt Fund and the VanEck Digital Assets Alpha Fund are not registered investment companies under the Investment Company Act of 1940 and not subject to the same regulatory requirements as mutual funds or ETFs.
The announcement states that, as of 30 April 2025, VanEck managed $116.6 billion in assets, including mutual funds, ETFs, and institutional accounts. In March and April this year, it filed for Avalanche and BNB ETFs, respectively. In May, VanEck joined hands with, a company specializing in real-world asset (RWA) tokenization, to launch a US treasuries-backed tokenized fund on Avalanche, Ethereum, and Solana.
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