a16z’s new fund targets real-world crypto use cases, including stablecoins, payments, lending, prediction markets, and tokenized financial assets.

Venture Capital giant, Andreessen Horowitz (a16z) crypto arm has closed its fifth crypto fund at $2.2 billion. The new vehicle, named Crypto Fund 5, is designed to deploy capital over a long time horizon and invest across stages in crypto startups.

Alongside the fund announcement, the firm said its CTO, Eddy Lazzarin, has been promoted to general partner.

Fifth Fund

In the latest announcement, a16z’s partners described the current phase of the crypto market as a quieter period in the broader cycle, where speculative excess…