[Singapore Digital Asset Investment Firm Psalion Completes $50 Million New Fundraising] BlockBeats News, July 28, Singapore-based digital asset investment firm Psalion announced the completion of its largest venture capital fund to date, launching its third fund with a scale of $50 million, aimed at investing in the next phase of blockchain application development. The fund adopts the Singapore Variable Capital Company (VCC) structure and is managed by Conduit Asset Management Pte. Ltd. (CAM). The target investments focus on early-stage projects that integrate blockchain technology into the real economy, with an emphasis on infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi). Psalion stated that the fund will primarily invest in pre-seed and seed-stage startups, with a focus on the implementation of Web3 infrastructure in consumer-grade applications, including changes in asset ownership, transaction methods, and user interaction models. Psalion Managing Partner Tim Enneking remarked that the crypto market previously represented an investment philosophy, while the traditional financial system was its counterpart. Now, the team is focused on the convergence of the two, enabling Web2 enterprises to operate on Web3 infrastructure. [Original Link]