Crypto Venture Capital firm, DeFiance Capital is in the process of raising as much as $100 million as it looks to invest in “Liquid Tokens.”
According to three sources familiar with the matter who spoke to The Block, the fund is dubbed the "Liquid Venture Fund," and one of the sources affirmed that more than 50% of the projected capital had been raised.
DeFiance Capital prides itself as a “sub-fund and share class of Three Arrows Capital” of crypto hedge fund giant Three Arrows Capital (3AC). However, when the Su Zhu-led firm crashed back in June owing to its exposure to the collapsed Terra ecosystem, DeFiance Capital denounced its integral association with 3AC.
The Arthur Cheong-led VC came out to say it is a separate entity that was managed independently of 3AC upon the latter’s liquidation. That DeFiance Capital has not gone bankrupt is a testament to its upright financial standing at this time.
The firm is known as a major backer of some of the iconic names in both the...
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