VanEck, a well-known asset manager, has announced the launch of its new $30 million fund, VanEck Ventures, which will focus on early-stage investments in fintech, cryptocurrency, and artificial intelligence (AI) startups that are shaping the future of payments.
As one of the major issuers of Bitcoin exchange–traded funds (ETFs) in the United States, VanEck is expanding its reach into emerging technologies. The VanEck Ventures fund will target startups in their pre-seed and seed stages, supporting projects that are developing innovative solutions in crypto, fintech, and AI.
Core Investment Themes
VanEck Ventures aims to support startups working on key areas such as tokenized assets, decentralized financial marketplaces, and payment solutions involving stablecoins. The fund is particularly interested in projects building the next generation of financial infrastructure, including tokenized capital markets.
Experienced Leadership
The new venture is led by Wyatt Lonergan, the former head of Circle Ventures, and Juan Lopez, who was responsible for corporate development and ventures at Circle Ventures. Circle, known for operating USD Coin (USDC), the second-largest stablecoin by market cap, launched its own venture fund in 2021, making Lonergan and Lopez experienced leaders in the field.
With this move, VanEck is positioning itself to play a significant role in the development of cutting-edge technology in the fintech and crypto sectors, with a focus on building the future of payments and financial systems.
Summary Review: VanEck’s new $30 million venture fund reflects the growing interest and investment in fintech, crypto, and AI as the industry continues to innovate and expand its reach into everyday financial services.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
