$50 M fund for next wave of blockchain adoption launched by Singapore’s Psalion
Psalion, a digital asset company based in Singapore, announced on Monday that it has launched its third and largest venture fund to date, a $50 million vehicle targeted at the next wave of blockchain usage.
According to a statement by Psalion, Conduit Asset Management Pte. Ltd. (CAM), which is licensed and subject to regulation by the Monetary Authority of Singapore (MAS), is in charge of managing the fund, which is set up as a Singapore-domiciled Variable Capital Company (VCC).
With a focus on pre-seed and seed stage businesses and an eye on consumer applications where web3 rails are subtly changing how people own, trade, and interact with assets, the new fund seeks to potentially support founders bringing blockchain into the real economy across infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi).
“Crypto was the thesis. The traditional financial system was the antithesis. What we’re investing in is the synthesis — where web2 businesses run on web3 rails,” said Tim Enneking, Managing Partner of Psalion.
Both of Psalion’s prior funds were launched in down markets, and the company has no plans to break that pattern.
“Some of the best opportunities arise in down markets. Valuations are more reasonable, founders are more focused, and the builders who show up are in it for the long term,” Enneking added.
Psalion VC Fund III, which is spearheading a $4 million funding round for the cutting-edge commerce platform that blends ownership, anticipation, discovery, and liquidity to transform transactions into experiences, announced its investment in Beezie in a separate announcement on Monday.
Beezie has grown more than 50 times in only nine months, facilitating more than $170 million in gross product value and surpassing $85 million in revenue thus far. Since January 2026, the platform has drawn more than 30,000 active users.
Beezie’s late June raise on Echo, which aimed to fund $250,000, sold out in ten minutes and was capped at $1 million within twenty-four hours, demonstrating the high level of community interest.
“Beezie is exactly the kind of company our thesis is built around – a real consumer product, real revenue, and blockchain quietly doing the heavy lifting underneath. This is what web2 meeting web3 actually looks like in practice,” said Enneking.
As the platform grows its customer base worldwide, the investment will support Beezie’s ongoing growth in the luxury, entertainment, and collectibles categories, including inventory acquisition and geographic expansion.
“At its core, Beezie is about making consumers feel something every time they transact. We’ve built an engine that combines ownership, anticipation, discovery, and liquidity in a way traditional commerce platforms simply can’t,
“We’re thrilled to partner with Psalion as we continue scaling that vision across collectibles, luxury, entertainment, and beyond,” said Andrea Miele, Founder and Chief Executive Officer of Beezie.
