Psalion Unveils $50M Singapore Venture Vehicle to Fuse Traditional Finance with Web3 Infrastructure

A Strategic Bet in Down Markets Bridging Web2 and Web3 First Deal: $4M in Beezie Institutional Web3 Framework

Capitalizing on Market Cycles: Why Psalion Prefers Down-Market Allocations

Digital asset manager Psalion has formally introduced its $50 million Fund III, marking the firm’s most ambitious venture capital effort to date. The vehicle operates as a Singapore-domiciled Variable Capital Company (VCC) managed by Conduit Asset Management Pte. Ltd., an entity licensed by the Monetary Authority of Singapore (MAS).

Psalion’s management team continues its established tradition of launching investment vehicles during market pullbacks.

According to Managing Partner Tim Enneking, economic downturns offer ideal entry points for long-term venture capital allocations. Lower valuations, reduced speculative noise, and disciplined founder mindsets create a fertile environment for building resilient infrastructure.

Having deployed capital through prior market contractions with Fund I—which backed industry giants like Binance, Aave, Chainlink, and Celo—and Fund II, which funded companies such as Bitwave, Brickken, and Orbital, Psalion is maintaining its counter-cyclical deployment blueprint.

The Thesis of Synthesis: Deploying Real-World Assets and Web3 Rails

The investment thesis driving Fund III centers on practical integration rather than purely speculative crypto-native protocols.

Enneking described the underlying vision as a evolution: where early cryptocurrency served as the initial thesis and legacy financial institutions acted as the antithesis, the current focus represents a synthesis where standard Web2 business models operate seamlessly on decentralized Web3 rails.

The fund targets pre-seed and seed-stage startups working across foundational categories, including:

• Trade Finance & Middleware: Invisible backend architecture enabling enterprise workflows.
• Real-World Asset (RWA) Tokenization: Digitizing traditional real-world yields and physical instruments.
• Stablecoins & DeFi Protocols: Constructing compliant liquidity and payment rails for everyday transactions.
• Consumer-Facing Commerce: User-centric applications where blockchain operates in the background without creating friction for end users.

Immediate Deployment: Leading a $4M Capital Injection into Beezie

Demonstrating swift capital deployment, Psalion announced the fund’s inaugural investment alongside its launch, co-leading a $4 million funding round for consumer commerce platform Beezie. The company merges ownership, discovery, and digital asset liquidity to convert routine online shopping into interactive user experiences.

Beezie’s operational traction highlights the commercial viability of Psalion’s thesis. The platform has surpassed $85 million in year-to-date revenue and processed over $170 million in gross merchandise value since inception, generating a 50-fold expansion over nine months while attracting over 30,000 active users.

Before Psalion’s co-led round, Beezie demonstrated strong retail and community appetite on the Echo platform, where an initial $250,000 target sold out in ten minutes before capping at $1 million within 24 hours.

CEO Andrea Miele emphasized that the new capital will support inventory expansion and international scaling across luxury, collectibles, and entertainment segments.

A Regulated Framework for Family Offices and Institutional Investors

Psalion’s choice of a Singapore VCC structure managed by an MAS-regulated asset manager reflects a broader shift toward institutional maturity across digital assets.

Tailored specifically for family offices, institutional allocators, and corporate treasuries seeking risk-conscious exposure, the fund offers a compliant gateway into early-stage Web3 growth. By backing projects that connect decentralized rails directly to the broader economy, Psalion aims to lead the next era of practical blockchain adoption.