SAN FRANCISCO and NEW YORK, July 18, 2022 /PRNewswire/ -- Dragonfly Capital ("Dragonfly"), a global crypto-focused investment firm, announced today the addition of a liquid platform.
Dragonfly launched its inaugural liquid crypto fund in June 2021, which is managed by Kevin Hu, Ashwin Ramachandran, and Lawrence Diao. According to Dragonfly, as of April 2022, the liquid investment platform raised more than $450 million including internal capital and SPVs.
Kevin Hu, Partner and Head of the Liquid Platform, said "We believe that the current market environment is especially attractive for liquid crypto assets as the market is not distinguishing between quality assets and vaporware. Tokens with cash flow and governance rights to products with significant traction are down just as much as many zombie assets with no future. Furthermore, we believe most of the capital in crypto is allocated to privates/venture, so there is a lack of dedicated capital and ability to underwrite altcoins once...
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