Top VCs are raising billions to invest in the future of crypto while you think we’re in a bear market
> a16z crypto raises $2B for fifth fund
> haun raises $1B for second fund
> dragonfly raises $650M for fourth fund
billions are flowing into crypto venture,
here's where the smart money is flowing.
a16z crypto - $2.2B
>stablecoins as the clearest real-world adoption
> onchain capital markets: perps, prediction markets, onchain lending, stablecoin credit, and tokenized assets.
> crypto as trust infra for the AI age: transparent systems, verifiable networks, user-owned identity/assets, and software agents that can transact.
Haun Ventures — $1B
> the core plumbing of finance : payments, banking, custody, FX, and capital markets - rebuilt for a digital, global, always-on world.
> new assets : tokenized currencies, securities, commodities, derivatives, and RWAs. > new markets: prediction markets, event-risk hedging, insurance, and programmable liquidity.
> the agentic economy : always-on financial rails for ai agents to pay, transact, subscribe, verify identity, access credit, and operate across markets 24/7.
Dragonfly — $650M
> stablecoins as payment rails onchain financial primitives
> defi prediction markets as crypto’s clearest native financial products.
> tokenized assets, credit, and market structure bringing tradFi activity onchain.