a16z Crypto raises $2.2B for stablecoins and tokenized assets

Andreessen Horowitz (a16z) has raised a16z Crypto’s fifth fund with $2.2B, focused on infrastructure that turns into everyday finance. The fund will back founders building for stablecoins, tokenized assets, crypto perpetual futures, and prediction markets—areas a16z says kept growing even as overall hype cooled. a16z argues stablecoin usage has continued rising through downturns, while perps and prediction markets showed “meaningful growth.” The firm frames this as on-chain finance moving beyond “network tokens,” emphasizing fast settlement, low fees, and permissionless access. Policy is a key part of the pitch. a16z points to improving U.S. regulation, citing progress on stablecoin legislation such as the GENIUS Act and expecting more rulemaking. It also backed the CFTC in its dispute with U.S. states over prediction markets, warning that state-level limits could reduce liquidity on federally overseen venues like Kalshi and Polymarket. Trader takeaway: the a16z Crypto fund signals continued institutional demand for stablecoin rails, tokenized finance, and regulated market venues. If U.S. policy clarity improves and real usage keeps expanding, traders may see sustained interest in these themes rather than a pure speculation cycle. Keywords: a16z Crypto, stablecoins, tokenized assets, perpetual futures.