Venture capital firm **Andreessen Horowitz (a16z)** said it has raised **$2.2 billion** for **Crypto Fund 5**, bringing its total crypto capital under management to nearly **$9.8 billion**.

### What the firm says it’s backing

According to Decrypt, a16z framed the opportunity as building a financial system that:

- runs continuously,

- settles nearly instantly,

- costs less,

- and is broadly accessible.

The firm said the fund will support founders turning crypto infrastructure into products that see everyday use—rather than purely speculative activity.

### Why stablecoins matter to the thesis

a16z highlighted **stablecoins** as a core sign of real adoption, arguing that usage has continued rising even during downturns as people use them for saving, cross-border transfers, and payments.

### Fund size in context

The $2.2B raise is smaller than the firm’s **$4.5B** 2022 fund, but similar to its 2021 fund size, suggesting the firm is still allocating heavily to crypto even in a more selective environment.

### Market backdrop

The announcement comes amid a 2026 market that began on a down note after major assets hit highs last year, alongside reports of layoffs across parts of the industry. For builders, the message is that top-tier capital remains available—especially for projects tied to market infrastructure, stablecoin rails, and institutional-grade products.