Psalion Unveils $50M Blockchain Venture Fund, Backs Commerce Platform Beezie
Psalion has launched its largest venture fund yet, a $50 million vehicle focused on blockchain companies. The new fund, called Fund III, will target seed-stage projects in six key sectors: infrastructure, middleware, trade finance, real-world assets, stablecoins, and decentralized finance (DeFi).
The fund is structured as a Variable Capital Company (VCC) under Singapore's regulations, which limits its offers to accredited and institutional investors.
Fund III has already made its first investment in Beezie, a commerce platform that links physical collectibles with on-chain digital twins. Psalion led a $4 million funding round for the company, which reported over $170 million in gross merchandise value and more than 30,000 active users since January 2026.
The new fund is part of Psalion's strategy to invest in companies that connect established businesses with blockchain rails. Managing Partner Tim Enneking described this approach as investing where web2 businesses operate on web3 infrastructure.