Psalion, a Singapore-based digital asset firm, has launched a $50 million venture fund targeting pre-seed and seed-stage startups building blockchain infrastructure, trade finance, real-world assets and stablecoins.
Psalion Launches $50M Fund to Back Blockchain Startups as Web3 Adoption Pushes Forward
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Key Takeaways
- Psalion launched a $50 million early-stage venture fund and led a $4 million investment in Beezie.
- Beezie reached 30,000 active users and $85 million in YTD revenue, showing strong Web3 consumer growth.
- Beezie will use the $4 million funding to expand inventory and scale its commerce platform globally.
Bridging Web2 and Web3
Singapore digital asset firm Psalion has reportedly launched its third and largest venture vehicle — a $50 million fund designed to back the next wave of blockchain adoption across real‑world sectors.
The new vehicle, structured as a Singapore‑domiciled Variable Capital Company (VCC) and managed by Conduit Asset Management Pte. Ltd., a Monetary Authority of Singapore–licensed entity, will target early‑stage founders building blockchain infrastructure, real‑world asset platforms, stablecoin systems, and decentralized finance applications.
Psalion said the fund will also look at consumer‑facing products in which Web3 technology quietly powers ownership, transactions, and digital interactions.
“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,” 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 who show up are in it for the long term.”
In a separate announcement, Psalion said VC Fund III has made its first disclosed investment, leading a $4 million round for Beezie, a commerce platform blending ownership, anticipation, discovery, and liquidity to turn transactions into experiences.
Beezie has recorded more than $170 million in gross merchandise value since launch and surpassed $85 million in year‑to‑date revenue, growing more than 50‑fold in nine months. The platform has attracted over 30,000 active users since January 2026.
The round follows strong community demand. Beezie’s late‑June raise on Echo, initially targeting $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 blockchain quietly doing the heavy lifting underneath,” Enneking said.
Beezie will use the new capital to expand across 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 transact,” Beezie founder and CEO Andrea Miele said. “We’re thrilled to partner with Psalion as we continue scaling that vision across collectibles, luxury, entertainment, and beyond.”
