Key Takeaways
- • Psalion announced Fund III, a $50 million Singapore-domiciled venture vehicle targeting pre-seed and seed-stage blockchain companies, marking the firm's largest fund to date (announced July 27, 2026).
- • The fund targets six blockchain sectors: infrastructure, middleware, trade finance, real-world assets, stablecoins, decentralized finance, and selected consumer applications, with strategy focused on web2 businesses adopting web3 infrastructure.
- • Fund III deployed its first publicly disclosed investment within one hour of announcement, leading a $4 million funding round for Beezie, a commerce platform linking physical collectibles with on-chain digital twins.
- • The fund is structured as a Singapore Variable Capital Company and managed by Conduit Asset Management, which holds a Capital Markets Services licence from the Monetary Authority of Singapore, restricting investor eligibility under Singapore regulations.
- • Psalion's existing venture portfolio includes positions in major protocols (Solana, Aave, Sushi, Polkadot) and emerging projects (Arkis, Hinkal, Usual stablecoin protocol), plus separate digital-asset yield and lending strategies for institutional investors.
Summary
Psalion, a Singapore-based digital asset firm, launched Fund III on July 27, 2026, introducing a $50 million venture vehicle focused on early-stage blockchain companies. This represents the firm's third and largest fund commitment to date. The fund targets six distinct blockchain sectors: infrastructure, middleware, trade finance, real-world assets, stablecoins, decentralized finance, and select consumer applications. Managing Partner Tim Enneking articulated the fund's core investment thesis as backing founders who connect established web2 businesses with blockchain infrastructure—described as "web2 businesses operating on web3 infrastructure."
The timing of Fund III's first public deployment underscores the firm's execution readiness. Within one hour of the fund announcement, Psalion disclosed a $4 million funding round for Beezie, a commerce platform designed to link physical collectibles with on-chain digital twins. This immediate capital deployment to a consumer-facing blockchain application aligns with the fund's stated sector focus and suggests pre-existing deal pipeline maturity.
Fund III is domiciled in Singapore under the Variable Capital Company structure and managed by Conduit Asset Management, which maintains a Capital Markets Services licence from the Monetary Authority of Singapore. This regulatory framework restricts investor eligibility to those qualifying under Singapore's investment regulations. The fund announcement disclosed a $50 million headline size but did not specify limited partner identities, committed capital breakdown, or a deployment timeline, limiting independent verification of capital already closed versus targeted raising.
Psalion's track record reflects meaningful early-stage blockchain exposure. The firm's existing venture portfolio includes positions in established protocols (Solana, Aave, Sushi, Polkadot) and emerging infrastructure or application projects (Arkis, Hinkal, and Usual, a stablecoin protocol). Beyond venture investing, Psalion operates digital-asset yield and lending strategies targeted at professional and institutional investors, diversifying its revenue and positioning across the blockchain ecosystem.
The timing of Fund III's first public deployment underscores the firm's execution readiness. Within one hour of the fund announcement, Psalion disclosed a $4 million funding round for Beezie, a commerce platform designed to link physical collectibles with on-chain digital twins. This immediate capital deployment to a consumer-facing blockchain application aligns with the fund's stated sector focus and suggests pre-existing deal pipeline maturity.
Fund III is domiciled in Singapore under the Variable Capital Company structure and managed by Conduit Asset Management, which maintains a Capital Markets Services licence from the Monetary Authority of Singapore. This regulatory framework restricts investor eligibility to those qualifying under Singapore's investment regulations. The fund announcement disclosed a $50 million headline size but did not specify limited partner identities, committed capital breakdown, or a deployment timeline, limiting independent verification of capital already closed versus targeted raising.
Psalion's track record reflects meaningful early-stage blockchain exposure. The firm's existing venture portfolio includes positions in established protocols (Solana, Aave, Sushi, Polkadot) and emerging infrastructure or application projects (Arkis, Hinkal, and Usual, a stablecoin protocol). Beyond venture investing, Psalion operates digital-asset yield and lending strategies targeted at professional and institutional investors, diversifying its revenue and positioning across the blockchain ecosystem.
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