Dao5 Raises $222 Million to Back Blockchain Adoption Among Institutional Investors

Dao5 Secures $222 Million Fund to Drive Blockchain Integration in Institutions and Government Sectors

Dao5, a leading crypto investment firm, has raised $222 million for its new fund aimed at accelerating blockchain adoption within institutional and government sectors. This successful funding round brings Dao5’s total assets under management to $550 million.

The firm, founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, has already made significant early investments in high-profile blockchain projects such as Story Protocol, Bittensor, Berachain, and EigenLayer. The initial fund, launched during the final phase of the last cryptocurrency bull market, has been fully deployed and returned the “vast majority of commitments” to its investors, according to an official statement.

Salimi emphasized that the crypto industry is moving past speculation, with blockchain’s true potential lying in its integration into real-world systems, including global finance, government, and the private sector. “The future of crypto will be built on tangible, real-world use cases, not just speculation,” he said.

The new fund will focus on supporting blockchain infrastructure, stablecoin innovation, and AI-driven government solutions. Dao5 also announced plans to transition the fund into a decentralized autonomous organization (DAO) by the end of the year to better align with the sector’s evolving landscape.

Additionally, to strengthen the team’s expertise, Dao5 has appointed George Lambeth, a respected investor involved with Avalanche and Celestia, as General Partner to oversee future investments.