Psalion Launches $50 Million Third Venture Fund, Focused on Blockchain Technology Applications

According to GlobeNewswire, Singapore-based digital asset investment management firm Psalion has launched its third venture fund, with a scale of $50 million, making it the largest fund in the company's history. The fund is focused on blockchain technology applications and will invest in seed and pre-seed companies in sectors such as infrastructure, middleware, trade finance, RWA, stablecoins, and DeFi. It will particularly emphasize consumer applications of Web3 in asset ownership, transaction, and interaction methods. Psalion Managing Partner Tim Enneking stated that the first two funds were launched during market downturns and remarked, "The best opportunities often arise in bearish markets—valuations are more reasonable, and founders are more focused.