Framework Ventures, a San Francisco‑based venture firm, announced a $400 million fund to invest in tokenization and stablecoin solutions for artificial intelligence, robotics and energy infrastructure.

The firm said the move reflects a shift in which blockchain‑based financial tools are being applied beyond crypto‑native markets to support capital‑intensive industries.

Michael Anderson, co‑founder of Framework Ventures, told CoinDesk that tokenization can turn computing assets such as GPUs into blockchain collateral, addressing limitations of traditional securitization. He added that stablecoins, with more than $300 billion circulating on chain, provide a new source of capital for asset‑backed lending. The fund will back projects including Daylight, which finances residential solar installations through a distributed energy network, and Uranium Digital, which is developing a tokenized marketplace for physical uranium. Other investments mentioned include TVL Capital, founded by former Morgan Stanley digital assets staff, robotics startup Mecka AI, and Plasma, a stablecoin‑focused banking platform.

Anderson noted that founders are increasingly coming from traditional finance, energy and industrial technology backgrounds, using blockchain as infrastructure rather than as the primary product. He suggested the current cycle represents a move toward fundamental business models rather than speculative crypto activities.

The new fund aims to evaluate whether tokenization can lower financing costs for AI compute and robotics hardware, while the broader industry watches for evidence of sustained utility.