VanEck, a major player in cryptocurrency ETFs, has launched VanEck Ventures, a $30 million fund aimed at supporting fintech, cryptocurrency, and AI startups. The fund, announced on October 9, 2024, focuses on investing in pre-seed and seed-stage companies that are building the next generation of financial technology.
Key areas of investment for VanEck Ventures include tokenized assets, digital financial marketplaces, and payment systems based on stablecoins and tokenized capital markets. The initiative is led by Wyatt Lonergan and Juan Lopez, both formerly of Circle Ventures, where they successfully managed over $50 million in investments in early-stage firms.
VanEck’s new fund underscores its commitment to fostering innovation in fintech and AI, especially in areas that promise to reshape global finance.
By focusing on emerging technologies, VanEck Ventures aims to help startups revolutionize the way payments and financial services are handled in the digital era.