Dao5 Secures $222 Million for Second Crypto Investment Fund
- Dao5 raised $222 million for its second investment vehicle.
- The firm’s assets under management now total approximately $550 million.
- The fund aims to foster institutional investments in cryptocurrencies.
- Founder Tekin Salimi plans to transition the fund into a decentralized autonomous organization (DAO).
- George Lambeth has been appointed as General Partner to support the firm’s growth.
Dao5’s recent fundraising effort of $222 million boosts its assets under management to about $550 million, with the capital directed towards encouraging institutional interest in crypto investments.
Source (2.6)https://decrypt.co/317425/dao5-closes-222-million-funding-round-to-shape-institutional-interest-in-crypto?rand=52368
