On Friday, June 28 2026, San Francisco‑based venture firm Framework Ventures announced the closing of its fourth fund, amassing $400 million to turn blockchain into a new financial engine for AI, robotics and energy. The capital will target tokenization, stablecoins and frontier technologies that could reshape how capital‑intensive sectors are financed.

Framework has long championed crypto‑native projects, but the latest strategy signals a pivot toward applying blockchain infrastructure to tangible industries. Co‑founder Michael Anderson told CoinDesk that the industry has moved beyond building products for crypto users to solving capital‑formation problems for other markets. “The industry has moved in the direction of bringing these technologies—tokenization, blockchain itself, decentralized networks—to other markets that can utilize the technology in a new and novel way,” Anderson said.

The new fund, named FVIV, will deploy capital across a mix of token‑enabled ventures and traditional tech companies that are integrating blockchain as a financing layer. Anderson reflected on the 2020‑21 crypto cycle, noting that it was largely driven by DeFi protocols aimed at crypto users. “There was this time in 2020 and 2021 where we were building crypto products to serve crypto users,” he said. “Today, founders are increasingly using blockchain to solve financing problems outside crypto.”

One of the key use cases the firm emphasizes is AI infrastructure. Tokenizing GPUs and other computing hardware could unlock cheaper financing, according to Anderson. Traditional securitization markets struggle to package individual servers or computing equipment into investable products. Stablecoins, with more than $300 billion circulating on‑chain, create a new source of capital for asset‑backed lending. “We have the capital on‑chain to finance this industry,” Anderson added.

The same tokenization logic is being applied to energy projects. Framework has invested in Daylight, a company that finances residential solar projects through a distributed energy network, and Uranium Digital, which is building a tokenized marketplace for physical uranium. These investments illustrate how blockchain can provide liquidity for assets that are traditionally illiquid.

Framework’s portfolio also reflects a broader shift in the profile of founders building crypto‑related companies. Anderson said that many new founders come from traditional finance, energy or industrial technology backgrounds, bringing deep expertise while using blockchain as the underlying financial infrastructure. Recent investments include TVL Capital, founded by former Morgan Stanley digital‑assets team members; Mecka AI, a robotics startup that supplies training data to frontier AI companies; and Plasma, a blockchain‑based banking platform built around stablecoin payments.

The venture firm’s strategy mirrors a wider trend in the digital‑asset industry. Global banks and asset managers are increasingly using blockchain rails to issue, trade and settle traditional financial assets, while stablecoins are becoming part of cross‑border payments and treasury operations as banks and fintechs modernize payment rails.

“What if 2021 was the aberration, and we’re now moving toward fundamental utility, fundamental business models and leveraging this technology in ways that aren’t primarily speculative?” Anderson said.

At the time of the announcement, Framework had not yet disclosed a detailed deployment plan for the new fund. The focus on tokenization and stablecoins suggests that it will target startups that can demonstrate how blockchain can reduce financing costs for hardware, energy infrastructure and other capital‑intensive assets. The broader industry context indicates that such use cases are gaining traction, but the extent to which tokenization will replace traditional financing remains to be seen.

In summary, Framework Ventures’ $400 million fund signals a pivot from crypto‑centric investments to a broader application of blockchain as a financing layer for AI, robotics and energy. The firm’s portfolio and public statements highlight tokenization and stablecoins as key enablers for capital formation in sectors that have historically relied on conventional financing. Whether this model will scale beyond a handful of early‑stage projects remains an open question, but the fund’s launch marks a notable moment in the evolving relationship between blockchain technology and real‑world industry financing.