Global asset manager VanEck launches VanEck Ventures to invest in fintech, cryptocurrency and artificial intelligence startups.
VanEck launches new venture capital fund
Global asset manager VanEck has announced the launch of VanEck Ventures, a unit dedicated to investing in startups in the fintech, cryptocurrency and artificial intelligence sectors. The initial goal is to raise $30 million for the first fund, which will focus on early-stage companies with growth potential.
This new fund will be led by Wyatt Lonergan and Juan Lopez, former leaders of Circle Ventures, who are known for their expertise in the cryptocurrency sector. VanEck plans to make between 25 and 35 investment, with amounts that will vary from $500,000 to $1 million For each investment.
Focus on tokenization and stablecoin
VanEck's fund will focus on tokenization and stablecoin platforms, targeting a B2B market for cross-border payments worth $39 trillion. This move marks another step forward for VanEck, which already manages over $118 billion in assets and has previously submitted applications for several cryptocurrency ETFs.
Why invest in fintech and cryptocurrency?
VanEck's entry into cryptocurrency venture capital raises important questions. Is it the right time to invest in startups of this kind? Are cryptocurrencies and blockchain technology really revolutionizing the financial landscape? With the increased adoption of cryptocurrencies and related technologies, investment opportunities seem to abound. However, there are also significant risks to consider.
The future of VanEck Ventures
The fund is expected to close by the end of this quarter, and investors are already showing strong interest. With the management team's experience and VanEck's reputation in the industry, the fund could prove to be a key player in the cryptocurrency and fintech investment landscape. Will VanEck be able to capitalize on these emerging opportunities? Only time will tell, but the investment community is waiting to see how this initiative develops.
