Psalion Launches $50 Million Fund III to Propel Blockchain Innovation

Summary of Fund III’s Focus and Initial Investment

Targeting Key Blockchain Sectors for Growth

Singapore’s Regulatory Landscape for Fund III

Beezie: The First Investment of Fund III

Navigating a Selective Crypto Venture Capital Environment

Psalion Launches $50 Million Fund III to Propel Blockchain Innovation

Singapore, July 27, 2026 — In a bold move to bolster the blockchain ecosystem, Psalion has unveiled its third and largest venture fund, a $50 million initiative aimed at pre-seed and seed-stage blockchain companies. This significant investment vehicle is set to target six key sectors: blockchain infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi).

The announcement comes at a time when the venture capital landscape is evolving, with Psalion positioning itself to capitalize on the growing intersection of traditional business and blockchain technology. Managing Partner Tim Enneking emphasized the fund’s strategy of supporting founders who are integrating established businesses with blockchain solutions, effectively bridging the gap between Web2 and Web3.

First Investment: Beezie

Just an hour after the fund’s launch, Psalion made its first publicly disclosed investment by leading a $4 million funding round for Beezie, an innovative commerce platform that connects physical collectibles with their on-chain digital counterparts. This investment aligns with Psalion’s focus on consumer applications where blockchain technology enhances user experience.

Beezie has reported impressive metrics, including over $170 million in gross merchandise value and more than 30,000 active users since the beginning of the year. The funds raised will be utilized for inventory purchases and geographic expansion, further solidifying Beezie’s position in the collectibles and luxury markets.

Regulatory Framework

Psalion’s Fund III operates under Singapore’s Variable Capital Company (VCC) structure, managed by Conduit Asset Management, which holds a Capital Markets Services license from the Monetary Authority of Singapore (MAS). However, the fund is classified as a restricted scheme, limiting participation to accredited and institutional investors only. This regulatory framework underscores the fund’s commitment to maintaining high standards of investor eligibility.

Market Context

The launch of Fund III comes amid a challenging venture capital environment, where fundraising has slowed and capital is increasingly concentrated among a select group of investors. Despite these challenges, sectors targeted by Psalion continue to attract significant investments, as evidenced by recent funding rounds for companies like Pharos Network and BVNK.

As Psalion embarks on this new venture, the industry will be watching closely for further portfolio announcements and updates regarding investor subscriptions. The firm has yet to disclose specific target cheque sizes or the number of planned investments, leaving room for speculation about the fund’s future trajectory.

Conclusion

With a clear focus on the transformative potential of blockchain technology, Psalion’s Fund III aims to not only support innovative startups but also to redefine how traditional businesses operate in an increasingly digital world. As the venture capital landscape evolves, Psalion’s strategic investments could play a pivotal role in shaping the future of blockchain applications.