Psalion launched a third wind investment fund of $50 million focused on block-chain technology applications

On 28 July, Globe Newswire reported that the Singapore Digital Assets Investment Management Corporation Psalion had launched a third wind-investment fund of $50 million, the largest ever, focusing on block-chain technology applications. The Fund will invest in infrastructure, intermediates, trade finance, RWA, seed wheels and pre-seed companies in the areas of stable currency and DeFi, with a focus on Web3 consumer applications in asset ownership, trading and interaction. The Psalion management partner Tim Enneking stated that the first two funds had been launched at a low market and considered that “the best opportunity often arose in the lower market — with better valuation and more focus on the founders”。