In brief
- Dao5 has raised $222 million for its second investment vehicle.
- The capital from its second fund will go toward fostering institutional investments into crypto. – This latest raise brings the firm’s assets under management to about $550 million.
Investment firm dao5 has raised $222 million to close out its second fund, with an aim to nurture institutional interest in cryptocurrencies.
The multi-strategy investment vehicle brings dao5’s total assets under management to roughly $550 million, according to the firm’s announcement on Thursday.
“Crypto is entering its adolescence phase,” dao5 founder and general partner Tekin Salimi said Thursday in a statement. “The industry’s dependency on pure speculation as the driver of…
May 02 2025
