Framework Ventures Raises $400 Million Fund to Back Tokenized Blockchain Projects

Framework Ventures announced a $400 million fund on June 26 to back tokenization and blockchain projects that finance capital-intensive industries including artificial intelligence, robotics and energy infrastructure. The San Francisco-based firm, co-founded by Vance Spencer and Michael Anderson, said the capital will support companies that use blockchain to create collateral and payment rails outside traditional crypto markets.

Anderson told CoinDesk that founders are now applying tokenization to hardware assets such as GPUs, where traditional securitization has struggled to package individual servers into investable products.

Stablecoins, with more than $300 billion circulating onchain, provide a new source of capital for asset-backed lending, Anderson said. He noted that the industry has moved from building products primarily for crypto users in 2020 and 2021 toward solving financing problems in real-world sectors.

Framework has already 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.

Additional holdings include TVL Capital, founded by former Morgan Stanley digital assets staff, robotics startup Mecka AI and Plasma, a blockchain-based banking platform centered on stablecoin payments. Anderson said many current founders come from traditional finance, energy or industrial technology rather than anonymous crypto-native teams. " he said.