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Crypto Investment Firm Dao5 Raises $222M Fund to Back Institutional Blockchain Adoption
Crypto Investment Firm Dao5 Raises $222M Fund to Back Institutional Blockchain Adoption
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Dao5, a crypto investment firm founded by ex-Polychain Capital partner Tekin Salimi, has secured $222 million for a new fund aimed at accelerating institutional and government adoption of blockchain technology. The raise brings the firm’s total assets under management to $550 million.
The venture capital group made early bets on projects like Story Protocol, Bittensor, Berachain and EigenLayer. Its inaugural fund—launched during the final stages of the last bull market—has already returned most capital to investors, according to a statement.
"Crypto is entering its adolescence phase," said Salimi. "The industry’s dependency on pure speculation as the driver of growth is no longer as effective as it once was."
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