DBA, the New York-based crypto investment firm backed by prominent Crypto Twitter personality Jon Charbonneau, has raised $68 million for its second venture fund. This adds to the group’s $50 million Fund I raised in 2023.
“Both are 10-year closed-end venture funds investing across private and public markets,” DBA wrote in a statement on Thursday. “We focus on lead roles in early-stage investments, but we are active across all stages.”
The fund, short for “doing business as,” is led by former Delphi Digital researcher Charbonneau, known for his commentary on Ethereum scaling, and former co-head of investments at Galaxy Digital, Michael Jordan.
DBA has previously invested in base layer infrastructure like DoubleZero and Monad, the stablecoin app Payy, ICO capital formation platform MetaDAO, and Alpen Labs, which is building a Bitcoin scaling solution, among “other private and public positions.”
The firm and its co-founders also note in a proposal to reduce the total HYPE token supply that “one or more of the investment funds managed by DBA hold(s) a material position in the HYPE token, as do both of the co-authors personally.”
“DEXs like Hyperliquid are becoming the best trading venue for assets of all kinds. ICO platforms like MetaDAO are democratizing capital formation. Prediction markets are reshaping finance, media, and politics. Impact markets are gaining awareness for their ability to extend this revolution,” DBA wrote in Thursday’s announcement.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
