VanEck Launches Avalanche Ecosystem Fund to Fuel Blockchain Growth in 2025

VanEck is set to launch the PurposeBuilt Fund, targeting investments within the Avalanche ecosystem on June 10, 2025. Led by Pranav Kanade, who oversees VanEck’s digital asset fund, this strategic move aims to fuel innovation and growth within the blockchain space. The $100 million fund will specifically focus on real-world business applications of Avalanche’s unique architecture, which promises enhanced liquidity and increased institutional interest in the ecosystem. Analysts anticipate a surge in adoption across decentralized finance (DeFi), payments, and AI sectors driven by this initiative.