A16Z CRYPTO RAISES $2.2B — FIFTH FUND BETS BIG ON STABLECOINS, ONCHAIN FINANCE

A16Z Crypto closed a $2.2B fifth fund focused on stablecoins and onchain finance—the mega VC firm's biggest bet yet that blockchain's killer app is payments, not just speculation. This capital signals serious institutional conviction that crypto infrastructure, not meme coins, drives the next wave of adoption.

Major institutional capital raise with specific dollar amount and crypto thesis.