Psalion today announced the launch of its third and largest venture fund to date — a USD 50 million vehicle aimed at the next wave of blockchain adoption. The fund is structured as a Singapore-domiciled Variable Capital Company (VCC), managed by Conduit Asset Management Pte. Ltd. (CAM), which is licensed and regulated by the Monetary Authority of Singapore (MAS).
The new fund aims to potentially back founders bringing blockchain into the real economy across infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralised finance (DeFi), focusing on pre-seed and seed stage companies, with an eye on consumer applications where web3 rails are quietly reshaping how people own, trade, and interact with assets.
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“Crypto was the thesis. The traditional financial system was the antithesis. What we’re investing in is the synthesis — where web2 businesses run on web3 rails,” said Tim Enneking, Managing Partner of Psalion.
Psalion’s previous two funds both launched in down markets — and the firm has no intention of changing that habit.
“Some of the best opportunities arise in down markets. Valuations are more reasonable, founders are more focused, and the builders who show up are in it for the long term,” Enneking added.
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