Synopsis
Andreessen Horowitz's crypto arm, a16z crypto, has secured $2.2 billion for its Fund V, focusing on areas like stablecoins and AI agents. The firm believes crypto's inherent properties are becoming more valuable amidst increasing software complexity and opaque AI systems.Listen to this article in summarized format
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In a blog post, the partners highlighted stablecoins, tokenisation, perpetual futures, prediction markets, and AI agents as some of the most promising areas for investment. “A new financial system is taking shape that runs continuously, settles nearly instantly, costs almost nothing, and is open to anyone with internet access,” they wrote.
They also said regulation is improving. They cited the GENIUS Act as an example of constructive policy, calling it a framework with clear definitions, strong safeguards, and space for developers to build. The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) is a 2025 federal law that sets out a comprehensive regulatory framework for US stablecoins.
“Software is getting more complex and harder to trust. AI systems are powerful and largely opaque. The infrastructure the internet runs on is more consolidated than ever. In that environment, the properties that crypto networks were designed to provide become more valuable, not less,” they wrote.
The firm last raised a crypto fund back in 2022, when it secured $4.5 billion, then the largest single crypto fund ever raised. That fund came amid the collapse of TerraUSD, which erased tens of billions of dollars in value almost overnight, and just months before the collapse of FTX and a broad regulatory crackdown following it that reshaped the US crypto market.
“The founders we’re backing with this $2.2 billion fund are working on the part of the cycle that gets less attention and produces more of the lasting value: turning new infrastructure into products people use every day,” the partners wrote.
This comes as Katie Haun, a former Andreessen Horowitz general partner, raised $1 billion to invest in crypto and blockchain companies, according to a Bloomberg report on Monday. The capital, split equally between early- and later-stage funds, will be deployed over the next two to three years through her firm Haun Ventures, which focuses on crypto and blockchain investments.
