Organization Name – Yurei Fund

Category – Banking & DeFi

About

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Yurei Fund positions itself as a decentralised investment organisation that aims to open early-stage venture opportunities to a broader audience through a trustless, DAO-governed platform. Launched in 2022, it claims to aggregate capital from token holders to participate in DeFi, NFT, and emerging Web3 projects that are typically accessible only to professional venture funds or well-connected insiders. The stated value proposition is access: breaking the door open on a deal flow that has historically required institutional relationships.

Access is a real problem in venture capital, and the… decentralised fund structure is a plausible attempt to solve it. The execution challenge is significant, however. Traditional VC firms add value not just through capital but through operator support, board governance, and network access to follow-on rounds. A DAO that votes on investments but cannot provide the same operational depth as a dedicated fund team is offering a different — and arguably weaker — value proposition to founders. Portfolio companies may accept decentralised capital at discounted valuations, which could cut both ways: more accessible entry prices, or a signal that better-governed capital passed.

Discipline in investment selection matters more in decentralised funds than in traditional ones, because governance participation is diffuse and the emotional dynamics of token holder votes can produce different outcomes than professional investment committees. The crypto venture funding cycle — which shapes the availability and pricing of early-stage opportunities — is analysed in our piece on crypto VC funding cycles and infrastructure. Yurei Fund’s VBTS of 3.07 (14th percentile) and limited marketing footprint (6,325 X followers, no MES) suggest the platform is early-stage in external visibility terms.

Yurei Fund is Unverified under VaaSBlock’s RMA framework. Anyone considering participation should carefully review how investment decisions are made in practice, what governance quorum requirements apply, how returns are distributed to token holders, and what legal structure — if any — governs the relationship between token holders and the assets being acquired. Decentralised investment vehicles carry regulatory uncertainty that traditional fund structures do not. Read More