Dao5 Secures $222 Million Fund to Accelerate Blockchain Integration in Institutional Markets
Dao5, a prominent crypto investment firm, has successfully raised $222 million in a new fund aimed at supporting blockchain adoption within institutional markets. The fund will target sectors such as finance, government, and enterprise, emphasizing the transformation of these industries through decentralized technologies.
The fund’s launch comes at a time when blockchain’s potential for real-world applications is becoming increasingly recognized. Dao5, which was co-founded by Tekin Salimi, a former Polychain Capital partner, aims to bridge the gap between blockchain innovation and institutional usage. The firm has already made strategic investments in high-potential blockchain projects like Bittensor, Story Protocol, and EigenLayer.
Salimi highlighted that blockchain adoption in institutional spaces has reached a crucial tipping point. “We are moving beyond speculation and entering the phase where blockchain can create lasting impact. Our goal is to drive real-world, scalable applications that benefit enterprises and governments alike,” he stated.
The new fund will focus on bolstering blockchain infrastructure, stablecoin development, and decentralized finance (DeFi) innovations. Furthermore, Dao5 is preparing to transition the fund into a decentralized autonomous organization (DAO) to align with the ethos of blockchain technology.
George Lambeth, a former investor in projects like Avalanche and Celestia, has been appointed as General Partner to guide future investments and manage the growing portfolio.
