Psalion Launches $50 Million Venture Capital Fund Focused on Blockchain Applications

Psalion has launched its third venture capital fund, with a size of $50 million, making it the company's largest fund, focusing on applications of blockchain technology. The fund will invest in seed and pre-seed companies in the areas of infrastructure, middleware, trade finance, RWA, stablecoins, and DeFi, with a particular emphasis on consumer applications of Web3 in asset ownership, transactions, and interactions. Tim Enneking, managing partner at Psalion, stated that the first two funds were launched during market downturns, believing that the best opportunities often arise in bear markets, where valuations are more reasonable and founders are more focused.