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.
About The Author
More Stories
Bitcoin drops under $70,000 as rising oil prices and a Fed pause pressure risk assets.
Bitcoin drops under $71,000 while stocks end the day near session lows as expectations for a 2026 Fed rate cut dim further.
Bitcoin unexpectedly beats gold as a hawkish Fed and surging oil prices spark a risk-off mood.