a16z crypto is a venture capital fund that invests in crypto and blockchain startups. We’ve raised more than $9.8 billion across five funds.
The early internet was built on open protocols — shared infrastructure anyone could build on. Over time, software became more powerful and usable, but also more centralized and closed.
Crypto reopens the design space. What began as an experiment in digital money has become a new computing platform: open financial rails, programmable assets, and networks that are global, composable, and publicly verifiable.
The shift is underway. Stablecoins are moving trillions through a faster, cheaper, more accessible financial system. Onchain markets are enabling new forms of coordination and ownership. And AI agents are starting to act, decide, and transact autonomously.
We invest in founders building at this frontier.