{"id":172866,"date":"2024-10-09T16:13:40","date_gmt":"2024-10-09T16:13:40","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172866"},"modified":"2024-10-09T16:25:35","modified_gmt":"2024-10-09T16:25:35","slug":"vaneck-launches-30m-fund-to-develop-crypto-assets-tokenization-and-ai","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/vaneck-launches-30m-fund-to-develop-crypto-assets-tokenization-and-ai\/","title":{"rendered":"VanEck Launches $30M Fund to Drive Crypto, Asset Tokenization, and AI Development"},"content":{"rendered":"
TL;DR<\/span><\/span><\/strong><\/p>\n VanEck,<\/span><\/span><\/strong> a leading <\/span><\/span>global investment management firm<\/span><\/span><\/strong>, has taken a significant step by launching <\/span><\/span>VanEck Ventures<\/span><\/span><\/strong><\/a>, a <\/span><\/span>$30 million fund<\/span><\/span><\/strong> aimed at supporting <\/span><\/span>emerging companies<\/span><\/span><\/strong> in the fields of <\/span><\/span>technology finance<\/span><\/span><\/strong>, <\/span><\/span>digital assets<\/span><\/span><\/strong> and <\/span><\/span>artificial intelligence<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n <\/p>\n This initiative not only reflects the firm’s evolution, but also its <\/span><\/span>commitment to identifying transformative opportunities<\/span><\/span><\/strong> at <\/span><\/span>early stages of development<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n VanEck\u2019s investment journey<\/span><\/span><\/strong> has <\/span>been storied, from its pioneering focus on <\/span><\/span>gold in 1968<\/span><\/span><\/strong> to its recognition of the <\/span><\/span>disruptive potential of Bitcoin in 2017<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n VanEck CEO<\/span><\/span><\/strong> Jan<\/strong> <\/span><\/span>van Eck<\/span><\/span><\/strong> said the creation of the fund is an extension of its <\/span><\/span>investment philosophy<\/span><\/span><\/strong>, <\/span>which focuses on supporting <\/span><\/span>visionary founders<\/span><\/span><\/strong> who are <\/span><\/span>revolutionizing<\/span><\/span><\/strong> the way we interact with <\/span><\/span>money and finance<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n This fund aims to invest in <\/span><\/span>entrepreneurs<\/span><\/span><\/strong> who are <\/span><\/span>pushing the boundaries of financial applications<\/span><\/span><\/strong>, using <\/span><\/span>emerging technologies<\/span><\/span><\/strong> such as <\/span><\/span>blockchain<\/span><\/span><\/strong> and <\/span><\/span>advanced language models<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n The <\/span><\/span>fund’s investment strategy<\/span><\/span><\/strong> prioritizes <\/span><\/span>exceptional teams<\/span><\/span><\/strong> that are innovating at <\/span><\/span>the application layer<\/span><\/span><\/strong>, while maintaining a <\/span><\/span>neutral focus on infrastructure<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n Led by <\/span><\/span>Wyatt Lonergan<\/span><\/span><\/strong> and <\/span><\/span>Juan Lopez<\/span><\/span><\/strong>, who have strong experience in <\/span><\/span>fintech and <\/span><\/span>cryptocurrency<\/span><\/span><\/a><\/strong> investments, the fund plans to make between <\/span><\/span>25 and 35 investments<\/span><\/span><\/strong>, with amounts ranging from <\/span><\/span>$500,000 to $1 million<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n Both leaders have demonstrated their capabilities at <\/span><\/span>Circle Ventures<\/span><\/span><\/strong>, where they invested more than <\/span><\/span>$50 million in startups in various areas<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n With <\/span><\/span>VanEck’s backing<\/span><\/span><\/strong> and <\/span><\/span>reputation for asset management<\/span><\/span><\/strong>, <\/span><\/span>VanEck Ventures<\/span><\/span><\/strong> is positioned as an <\/span><\/span>attractive partner for innovative startups<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n The <\/span><\/span>convergence of three key points<\/span><\/span><\/strong> is central to the <\/span><\/span>fund’s investment approach<\/span><\/span><\/strong>: <\/span><\/span>\n
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Opportunities on the horizon<\/span><\/span><\/h2>\n