Framework Ventures has closed a $400 million fourth fund that will finance startups developing crypto, artificial intelligence, robotics, and energy technologies as the venture capital firm broadens its investment mandate. According to reports from Fortune and CoinDesk, the firm announced the new fund on Friday and will direct the capital toward what it describes as 'frontier technology', a category that includes blockchain, artificial intelligence, robotics, and energy. The fund represents a significant expansion from Framework's previous crypto-focused investments, positioning the firm to capitalize on the growing intersection of traditional finance and blockchain technologies.
Co-founder Michael Anderson told CoinDesk that blockchain is becoming the financial layer for capital-intensive industries rather than just crypto-native speculation. The firm believes tokenization and stablecoins are evolving from crypto-native products into financial infrastructure for sectors that need new ways to raise capital. Anderson explained that the industry has moved toward bringing tokenization, blockchain, and decentralized networks to other markets that can utilize the technology in novel ways. The venture firm sees stablecoins with more than $300 billion circulating onchain as creating a new source of capital for asset-backed lending, stating 'We have the capital onchain to finance this industry'.
Framework's investments already reflect this evolution, including TVL Capital founded by former Morgan Stanley digital assets team members, robotics startup Mecka AI, and blockchain-based banking platform Plasma. The firm has invested in Daylight, which finances residential solar projects through a distributed energy network, and Uranium Digital, which is building a tokenized marketplace for physical uranium. According to Anderson, AI infrastructure represents a significant opportunity, as tokenization could unlock cheaper financing for GPUs and computing hardware by turning those assets into blockchain-based collateral. Traditional securitization markets struggle to package individual servers or computing equipment into investible products, making blockchain-based solutions particularly valuable.
Co-founders Vance Spencer and Michael Anderson told Fortune that Framework has already committed about half of the capital from the new fund. As reported by Fortune, the firm managed $1.28 billion in assets as of December 2025, according to a filing with the U.S. Securities and Exchange Commission. The limited partners behind the fund include sovereign wealth funds, funds of funds, an Ivy League endowment, and nonprofit organizations, though the specific contributors were not identified.
Several crypto-focused venture firms have adopted similar investment strategies this year. As previously reported by crypto.news, Haun Ventures announced a $1 billion fund in May to back companies developing crypto financial infrastructure, tokenization, and AI agents. Paradigm, one of the largest VCs in the crypto space, is also seeking as much as $1.5 billion for a fund that will support crypto, artificial intelligence, and robotics startups, according to Fortune. The trend reflects the growing convergence of traditional venture capital with blockchain and AI technologies, with Anderson noting that 'What if 2021 was the aberration, and we're now moving toward fundamental utility, fundamental business models'.
