Haun Ventures raises $1B for two funds to expand stablecoin infrastructure into regulated wallets, payment rails and compliance for AI agents despite crypto VC slump

first published 2026-05-05T11:44:08Z

Stablecoin Ai Custody Regulation Adoption Venturecapital Fundraising Banking Payments Infrastructure Cloud

Katie Haun closed $1 billion for two new Haun Ventures funds even as crypto venture funding slowed (April 2026: $659M across 63 deals; YTD 2026: $5.64B). The firm’s AUM rose from $1B to $2.5B while rivals shrank. The funds extend a stablecoin-infrastructure thesis toward regulated financial plumbing for AI agents (wallets, payment rails, compliance); largest current portfolio company is federally insured digital bank Erebor (valued at $4.35B). Haun says the firm isn’t pivoting to AI but sees AI agents needing infrastructure built by stablecoin firms.

AI Analysis

Facts: Haun closed $1B for two funds and AUM grew from $1B to $2.5B; April 2026 VC funding slowed to $659M (63 deals) and YTD is $5.64B; new funds explicitly target stablecoin infrastructure and regulated payment/wallet/compliance plumbing for AI agents; largest investment is Erebor (federally insured digital bank, $4.35B valuation). These facts support a mildly positive view for firms in this infrastructure thesis but the story is about VC fund formation amid a funding slowdown, limiting immediate market-moving impact.

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