dragonfly capital floats new 650m crypto fund

DragonFly Capital Launches a $650 Million Crypto Fund

DragonFly Capital has created a new $650 million venture capital fund to invest in the larger digital currency ecosystem.

The fund’s backers included Tiger Global, KKR, Sequoia China, Ivy League endowments, and an unidentified Southeast Asian state-owned investment corporation.

The monies will be used across the board, according to DragonFly managing partner Haseeb Qureshi, from Decentralized Finance (DeFi) to gaming and the metaverse.

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