DAO5 Secures $222 Million for Blockchain Fund Expansion

Crypto venture capital firm DAO5 has secured a substantial $222 million for its second fund, spearheaded by founder Tekin Salimi. This strategic move boosts the firm’s total assets under management to approximately $550 million. The investment will be directed towards blockchain infrastructure projects and innovative stablecoin systems, reflecting a focus on driving institutional adoption of cryptocurrency technology. DAO5 has demonstrated strong commitment to this approach with its previous fund supporting over 50 crypto projects during a challenging market.