The Block reported that a16z Crypto has completed raising its fifth fund, worth $2.2 billion. This comes about four years after the firm raised its fourth fund of $4.5 billion in 2022. a16z Crypto explained, "The current cryptocurrency market is moving from a speculative phase to a phase of real adoption, and we are focusing on the growth of stablecoins, DeFi, and prediction markets. This fund will be 100% invested in the cryptocurrency sector, not in related fields such as AI or robotics." It added, "From a regulatory perspective, clear legal enactments in the cryptocurrency market, such as the stablecoin regulation act GENIUS, will attract institutional investors."
