dao5 Secures $222 Million for Second Blockchain Fund

dao5 has raised a massive $222 million for its second cryptocurrency fund, specifically aimed at supporting institutional blockchain applications. Led by founder Tekin Salimi, the firm’s expertise is driving this initiative. This investment will focus on bolstering stablecoin development and asset tokenization platforms, further accelerating adoption within financial institutions. Salimi’s previous experience and success in various crypto startups has given him a unique perspective on these emerging technologies.