This major crypto investor has revealed large holdings in these three tokens...

@hiFramework has closed its fourth fund at $400 million and, in doing so, pulled back the curtain on its largest crypto bets: major positions in @SkyEcosystem $SKY, @HyperliquidX $HYPE, and @Plasma $XPL.

A $400M Fund With Clear Crypto Convictions

The San Francisco-based firm announced the close of fund FVIV on June 26, 2026. The fund was oversubscribed, with significant support from returning investors. Framework did not disclose its limited partners, describing them as a "predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds."

Alongside the fundraise, the firm was explicit about where its digital asset conviction lies. Its existing portfolio includes positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and stablecoin-focused blockchain Plasma. The firm said it will maintain its digital asset investment strategy, keep Hyperliquid, Plasma, and Sky as major portfolio holdings, and has already deployed about half of the new fund.

Beyond Crypto: AI, Robotics, and Energy

The fourth fund also marks a meaningful expansion of Framework's investment mandate. Framework Ventures has raised a $400 million fourth fund to continue investing in stablecoins, tokenization, and digital assets, while also expanding into AI, robotics, energy, and fintech. The firm also promoted Rajiv Patel-O'Connor to general partner as it expands beyond its traditional crypto focus.

Framework said it has already begun deploying the fund, leading Mecka AI's $60 million Series A round and investing in distributed energy network Daylight, moves it says complement its existing digital asset portfolio.

Founded in 2019, Framework made its name as an early backer of DeFi protocols, including Aave and Chainlink, both of which have grown into dominant platforms in decentralized finance. The firm held $1.28 billion in assets under management as of December 2025, according to a filing with the Securities and Exchange Commission.

The firm says its expansion is a response to the changing focus of founders within its network and does not represent a departure from its long-standing commitment to blockchain. As Framework broadens its reach, the three tokens it has publicly flagged, $SKY, $HYPE, and $XPL, stand out as the clearest signal of where its on-chain conviction remains anchored.

Sources:
Fortune: Framework Ventures raises $400 million for fourth fund
The Block: Framework Ventures raises $400 million for fourth fund to invest across crypto, AI and robotics
Crypto Briefing: Framework Ventures closes $400 million fund amid crypto slowdown