a16z Crypto Fund 5 Raises $2.2B Focused on Stablecoins and Prediction Markets

a16z crypto arm has raised $2.2 billion for its fifth fund focused on stablecoins, perpetual futures, prediction markets and tokenized assets. The firm aims to back founders building infrastructure that becomes everyday financial products rather than short-term speculative trends in digital markets.

Founders’ View on Infrastructure and Adoption

In a statement, partners Eddy Lazzarin, Guy Wuollet, Ali Yahya and Chris Dixon said software is becoming more complex and harder to trust while internet infrastructure is increasingly consolidated. They said crypto networks gain value in this environment and invest in products people keep using when hype fades.

Market Trends in Stablecoins and Onchain Finance

A16z said stablecoin usage keeps rising even in downturns with growth in perpetual futures and prediction markets. The fund is smaller than its $4.5 billion 2022 predecessor after the Terra collapse cycle reflecting cycle slowdown.

Venture Capital and AI Funding Shift

Venture activity remains mixed as Haun Ventures raised $1 billion for crypto and AI. AI funding reached $242 billion in Q1 2026 amid shifting investment priorities.

Regulation and Onchain Financial Systems

US regulators are moving toward clearer rules including the GENIUS Act for stablecoins while onchain finance promises fast low cost and open global settlement systems across global financial markets.