VanEck launches new $30 million fund to invest in Crypto, AI and FinTech
VanEck, one of the largest investment management firms, has pioneered multiple investment products and trends that have transformed the world of finance, including the first U.S. gold stock fund in 1968. This year, VanEck has ventured into crypto, and is launching a $30 million fund to support early-stage Crypto, AI and FinTech start-ups.
The fund is called VanEck Ventures and will be led by Wyatt Lonergan and Juan Lopez. The two are seasoned investors who previously headed Circle Ventures, the venture arm of USDC-issuer Circle. Sticking to their roots, they say their FinTech fund lies at the intersection of crypto and artificial intelligence, with a specific emphasis on stablecoins.
“We think stablecoins are what inevitably…
