Aave

Plasma

<a href="https://x.com/hiFramework" rel="noopener noreferrer nofollow">@hiFramework</a> has closed its fourth fund at $400 million and, in doing so, pulled back the curtain on its largest crypto bets: major positions in <a href="https://x.com/SkyEcosystem" rel="noopener noreferrer nofollow">@SkyEcosystem</a><a href="https://x.com/search?q=%24SKY&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SKY</a>, <a href="https://x.com/HyperliquidX" rel="noopener noreferrer nofollow">@HyperliquidX</a><a href="https://x.com/search?q=%24HYPE&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$HYPE</a>, and <a href="https://x.com/Plasma" rel="noopener noreferrer nofollow">@Plasma</a><a href="https://x.com/search?q=%24XPL&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XPL</a>.
<h2 id="a-400m-fund-with-clear-crypto-convictions">A $400M Fund With Clear Crypto Convictions</h2>
The San Francisco-based firm announced the close of fund FVIV on June 26, 2026. <cite>The fund was oversubscribed, with significant support from returning investors.</cite><cite>Framework did not disclose its limited partners, describing them as a "predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds."</cite>
Alongside the fundraise, the firm was explicit about where its digital asset conviction lies. <cite>Its existing portfolio includes positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and stablecoin-focused blockchain Plasma.</cite><cite>The firm said it will maintain its digital asset investment strategy, keep Hyperliquid, Plasma, and Sky as major portfolio holdings, and has already deployed about half of the new fund.</cite>
<h2 id="beyond-crypto-ai-robotics-and-energy">Beyond Crypto: AI, Robotics, and Energy</h2>
The fourth fund also marks a meaningful expansion of Framework's investment mandate. <cite>Framework Ventures has raised a $400 million fourth fund to continue investing in stablecoins, tokenization, and digital assets, while also expanding into AI, robotics, energy, and fintech.</cite><cite>The firm also promoted Rajiv Patel-O'Connor to general partner as it expands beyond its traditional crypto focus.</cite>
<cite>Framework said it has already begun deploying the fund, leading Mecka AI's $60 million Series A round and investing in distributed energy network Daylight, moves it says complement its existing digital asset portfolio.</cite>
<cite>Founded in 2019, Framework made its name as an early backer of DeFi protocols, including Aave and Chainlink, both of which have grown into dominant platforms in decentralized finance.</cite><cite>The firm held $1.28 billion in assets under management as of December 2025, according to a filing with the Securities and Exchange Commission.</cite>
<cite>The firm says its expansion is a response to the changing focus of founders within its network and does not represent a departure from its long-standing commitment to blockchain.</cite> As Framework broadens its reach, the three tokens it has publicly flagged, $SKY, $HYPE, and $XPL, stand out as the clearest signal of where its on-chain conviction remains anchored.
Sources: <a href="https://fortune.com/2026/06/26/framework-ventures-fourth-fund-400-million-frontier-technology-vance-spencer-michael-anderson/" rel="noopener noreferrer nofollow">Fortune: Framework Ventures raises $400 million for fourth fund</a> <a href="https://www.theblock.co/post/406344/framework-ventures-400-million-fourth-fund-crypto-ai-robotics" rel="noopener noreferrer nofollow">The Block: Framework Ventures raises $400 million for fourth fund to invest across crypto, AI and robotics</a> <a href="https://cryptobriefing.com/framework-ventures-raises-400m-fourth-fund/" rel="noopener noreferrer nofollow">Crypto Briefing: Framework Ventures closes $400 million fund amid crypto slowdown</a>

This major crypto investor has revealed large holdings in these three tokens...

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