Quick take:

• The $68 million raise follows DBA’s $50 million debut fund in 2023, bringing the total raise to $118 million. 
• Led by industry veterans Michael Jordan and Jon Charbonneau, the fund targets “high-conviction” bets on the modular stack, Bitcoin scaling, and decentralized governance.
• DBA operates as a partner-led firm, eschewing the “index fund” model to take lead roles and concentrated positions in technical projects like Monad and MetaDAO.

DBA, the high-conviction crypto investment firm, announced on Thursday that it has successfully raised $68 million for its second venture fund, The Block reported.

The New York-based firm, which operates under the philosophy that digital asset funds…