Singapore digital asset firm Psalion announced Monday the launch of its third and largest venture fund to date, a $50 million vehicle aimed at the next wave of blockchain adoption.
The fund is structured as a Singapore-domiciled Variable Capital Company (VCC), managed by Conduit Asset Management Pte. Ltd. (CAM), which is licensed and regulated by the Monetary Authority of Singapore (MAS), Psalion said in a statement.
The new fund aims to potentially back founders bringing blockchain into the real economy across infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi), focusing on pre-seed and seed stage companies, with an eye on consumer applications where web3 rails are quietly reshaping how people own, trade, and interact with assets.
“Crypto was the thesis. The traditional financial system was the antithesis. What we’re investing in is the synthesis — where web2 businesses run on web3 rails,” said Tim Enneking, Managing Partner of Psalion.
Psalion’s previous two funds both launched in down markets — and the firm has no intention of changing that habit.
“Some of the best opportunities arise in down markets. Valuations are more reasonable, founders are more focused, and the builders who show up are in it for the long term,” Enneking added.
In a separate statement on Monday Psalion VC Fund III has announced its investment in Beezie, leading a $4 million funding round in the innovative commerce platform that combines ownership, anticipation, discovery, and liquidity to turn transactions into experiences.
Since launch, Beezie has facilitated more than $170 million in gross merchandise value and surpassed $85 million in revenue year-to-date – growing over 50 times in nine months. The platform has attracted 30,000+ active users since January 2026.
The round follows strong community interest – Beezie’s late June raise on Echo, targeting $250,000, sold out in 10 minutes and was capped at $1 million within 24 hours.
“Beezie is exactly the kind of company our thesis is built around – a real consumer product, real revenue, and blockchain quietly doing the heavy lifting underneath. This is what web2 meeting web3 actually looks like in practice,” said Enneking.
The investment will support Beezie’s continued expansion across collectibles, luxury, and entertainment markets, including inventory acquisition and geographic growth, as the platform scales its consumer base globally.
“At its core, Beezie is about making consumers feel something every time they transact. We’ve built an engine that combines ownership, anticipation, discovery, and liquidity in a way traditional commerce platforms simply can’t,
“We’re thrilled to partner with Psalion as we continue scaling that vision across collectibles, luxury, entertainment, and beyond,” said Andrea Miele, Founder and Chief Executive Officer of Beezie.
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