Psalion Debuts $50 Million Fund for Blockchain Infrastructure

The fund operates as a restricted scheme under Singapore’s Variable Capital Company (VCC) structure, limiting participation to accredited and institutional investors. While the firm announced the fund as closed, it has yet to disclose specific limited partners or the exact amount of capital already deployed. Managing Partner Tim Enneking stated the firm’s strategy centers on backing founders who integrate web3 rails into established web2 commercial operations.

Immediate deployment followed the announcement, with Fund III leading a $4 million round for Beezie, a commerce platform specializing in gamified physical collectibles. Beezie claims to have processed over $170 million in gross merchandise value and generated $85 million in revenue since January 2026, though these figures remain unaudited. The investment aligns with Psalion’s interest in consumer-facing applications where blockchain infrastructure remains largely invisible to the end user.

This launch comes amid a cooling venture capital climate where funding is increasingly concentrated among a select group of projects. Despite broader market headwinds, infrastructure and RWA-focused firms continue to draw significant backing. Psalion’s previous portfolio includes notable names such as Solana, Aave, and Sushi, positioning the new fund within the firm’s existing digital-asset yield and lending ecosystem.