New York-based crypto investment firm DBA has closed its second venture capital fund at $68 million, following the successful launch of a $50 million Fund I in 2023. The firm focuses on blockchain infrastructure, decentralized finance (DeFi), and early-stage application projects, combining investments across private and public markets with a 10-year fund structure designed for long-term value creation.
Co-founded by Michael Jordan, former co-head of investments at Galaxy Digital, and Ethereum expert Jon Charbonneau, DBA targets foundational projects that have high potential to shape the broader blockchain ecosystem. The firm emphasizes lead participation in early-stage investments while maintaining exposure across multiple stages and sectors.
DBA’s portfolio includes base-layer infrastructure projects like DoubleZero and Monad, stablecoin and payment solutions through Payy, ICO platforms such as MetaDAO, and Bitcoin scaling initiatives from Alpen Labs. The firm also supports decentralised exchanges, prediction markets, and emerging impact markets, aiming to strengthen the technical foundations and network effects of the crypto ecosystem.
By combining operational support with strategic funding, DBA seeks to improve access to capital, enhance trading venues, and foster adoption across blockchain networks. The 10-year Fund II is structured to generate returns across multiple market cycles while driving innovation in infrastructure, application development, and decentralized financial services.
