Psalion closes largest fund yet to back blockchain adoption

What's the deal? Psalion has closed its largest fund to date, aimed at backing the next wave of blockchain adoption. The fund is offered to accredited and institutional investors only.

Why now? The close comes as blockchain infrastructure continues to draw institutional interest, positioning Psalion to deploy capital into an expanding sector.

What could go wrong? The fund is not authorised or recognised by the Monetary Authority of Singapore and is offered only under exemptions in the Securities and Futures Act 2001. As the firm notes, past performance is not indicative of future results.

The signal: Psalion's largest-ever raise reflects continued appetite among institutional and accredited investors for blockchain exposure, even as such vehicles remain outside standard regulatory approval.

Read more: financialpost.com