Dao5 Announces $222M Fundraising to Accelerate Blockchain Adoption by Institutions

Dao5 Closes $222 Million Fund to Accelerate Blockchain Adoption in Institutional and Government Sectors

Dao5, a leading crypto investment firm, has successfully closed a $222 million fund dedicated to supporting the widespread adoption of blockchain technologies within institutional and government sectors. This fundraising milestone marks a significant step in Dao5’s mission to drive the integration of decentralized technologies into mainstream industries.

Founded by Tekin Salimi, a former Polychain Capital partner, Dao5 has already made key investments in emerging blockchain projects like Bittensor, Story Protocol, Berachain, and EigenLayer. The firm’s initial fund, launched during the height of the previous cryptocurrency bull run, has been fully deployed and returned most of its investors’ commitments, showcasing a strong track record.

Salimi shared his belief that blockchain’s real-world applications, especially in finance, government, and enterprise, are the key to its long-term growth. “Blockchain has moved past the speculation phase. Its true value lies in practical, institutional use cases that will transform entire sectors,” he said.

The new fund will focus on funding blockchain infrastructure, stablecoin innovations, and AI-powered solutions for government and enterprise applications. Additionally, Dao5 has announced plans to transition the fund into a decentralized autonomous organization (DAO) by the end of the year to further align with the decentralized nature of the blockchain space.

To further strengthen its investment strategy, Dao5 has appointed George Lambeth, a key investor involved with Avalanche and Celestia, as General Partner. Lambeth will oversee future investments and the firm’s growing portfolio in the blockchain sector.