Psalion launches $50M fund to support blockchain startups as Web3 adoption grows

Connect Web2 and Web3

Singaporean digital assets company Psalion has reportedly launched its third and largest venture capital vehicle: a $50 million fund designed to support the next wave of blockchain adoption in real-world sectors.

The new vehicle, structured as a variable capital company (VCC) domiciled in Singapore and managed by Conduit Asset Management Pte. Ltd., an entity licensed by the Monetary Authority of Singapore, will target early-stage founders building blockchain infrastructure, real-world asset platforms, stablecoin systems and decentralized finance applications.

Psalion said the fund would also look at consumer-facing products in which Web3 technology discreetly powers digital ownership, transactions and interactions.

“Crypto was the thesis. The traditional financial system was the antithesis. What we’re investing in is the synthesis – where Web2 companies run on Web3 rails,” managing partner Tim Enneking said in the announcement.

Enneking added that Psalion’s strategy of launching funds during market downturns remains unchanged. “Some of the best opportunities arise in down markets. Valuations are more reasonable, founders are more focused, and the builders that come along are in it for the long haul.”

In a separate announcement, Psalion said VC Fund III made its first disclosed investment, leading a $4 million funding round for Beezie, a commerce platform combining ownership, anticipation, discovery and liquidity to turn transactions into experiences.

Beezie has recorded more than $170 million in gross merchandise value since its launch and surpassed $85 million in year-to-date revenue, a more than 50-fold increase in nine months. The platform has attracted more than 30,000 active users since January 2026.

The cycle follows strong demand from the community. Beezie’s late June raise on Echo, which initially targeted $250,000, sold out in 10 minutes and was capped at $1 million within 24 hours.

“Beezie is exactly the kind of company our thesis is built around – a real consumer product, real revenue, and a blockchain that quietly does the heavy lifting underneath,” Enneking said.

Beezie will use the new capital to expand into the collectibles, luxury goods and entertainment markets, including inventory acquisition and geographic growth.

“At its core, Beezie is about making consumers feel something every time they make a transaction,” said Andrea Miele, founder and CEO of Beezie. “We are thrilled to partner with Psalion as we continue to expand this vision into collectibles, luxury, entertainment and beyond. »