Dapper Labs, Solana and Tron are among the LPs in the venture firm’s latest fund, which has already backed Rain, Vauld, Lemon Cash, Tulip Protocol and Zebedee.

US-based venture capital firm Cadenza Ventures has raised $50m for an early-stage cryptocurrency-focused vehicle anchored by mutual fund manager VanEck Associates, from limited partners including multiple corporates.

Virtual trading card producer Dapper Labs, blockchain platform developer Solana and decentralised token platform operator Tron committed to the fund, as did financial services provider Babel Finance, WorldQuant Ventures, Mirana, Lennertz and Social Leverage.

The LPs were filled out by private investors affiliated with Kraken Ventures, a subsidiary of crypto services group Kraken,…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.