Singapore-based digital asset firm Psalion raises $50 million for its third fund.

Huo Xing Cai Jing reports that on July 28, Singapore-based digital assets investment firm Psalion announced the closing of its largest venture fund to date, launching its third fund with a size of $50 million, aimed at investing in the next phase of blockchain application development. The fund is structured as a Singapore Variable Capital Company (VCC) and is managed by Conduit Asset Management Pte. Ltd. (CAM). Its investment focus includes early-stage projects that integrate blockchain technology into the real economy, with particular emphasis on infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi). Psalion stated that the fund will primarily invest in pre-seed and seed-stage startups, with a focus on the adoption of Web3 infrastructure in consumer-facing applications, including changes in asset ownership, transaction methods, and user interaction models. Tim Enneking, Managing Partner at Psalion, said that in the past, the crypto market represented one investment philosophy, while traditional finance was its counterpart; today, the team is focused on their convergence—enabling Web2 enterprises to operate on Web3 infrastructure.