Andreessen Horowitz's crypto division has secured $2.2 billion for a new fund, doubling down on digital assets as other major venture firms pivot toward AI investments.
The fund represents a significant commitment to the crypto sector at a time when the market has cooled considerably from its 2021 peak. While prominent VCs have begun allocating capital to AI startups, a16z crypto is maintaining its focus on blockchain technology and related projects.
The raise comes as the broader crypto industry contends with regulatory scrutiny, market volatility, and a general pullback in venture funding. The new capital will support investments across infrastructure, protocols, and applications in the crypto ecosystem.
a16z crypto, which launched in 2018, has previously backed major crypto projects and platforms. The firm's decision to raise a substantial new fund signals confidence in long-term growth prospects for the sector, even as short-term conditions remain challenging.
The fund's close reflects ongoing institutional appetite for cryptocurrency despite the recent market decline.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.
Crypto investor Katie Haun has closed $1 billion in new venture funds, marking an expansion beyond digital assets into artificial intelligence and agentic finance.
Polymarket has partnered with blockchain analytics firm Chainalysis to deploy detection tools designed to identify insider trading patterns on its prediction market platform.
The Securities and Exchange Commission has postponed releasing an 'innovation exemption' that would permit crypto firms to trade tokenized versions of U.S. stocks, according to sources cited by Bloomberg.