VanEck will launch a PurposeBuilt fund focused on the Avalanche ecosystem

Odaily Planet Daily News: VanEck is planning to launch a Purpose Built fund focused on the Avalanche ecosystem, with a focus on investing in liquidity tokens and projects supported by venture capital, covering multiple fields such as gaming, financial services, payments, and artificial intelligence. The fund typically deploys before and after project token generation events (TGEs), adopting a long-term strategy guided by fundamentals. Pranav Kanade, investment manager of VanEck Alpha Fund, stated that Avalanche's first level architecture enables developers to have control over the complete technology stack and has strong business expansion capabilities. At the same time, the initial team can test product market fit on high-performance C-Chain, and the Avalanche ecosystem can cover the entire lifecycle of the project from early stages to maturity. He also pointed out that there are currently no plans to launch other ecological related funds. Funds that have not been immediately invested will be deployed through on chain RWA products on Avalanche to maintain liquidity. （Blockworks）