TechFlow news — Cryptocurrency investment firm Dragonfly Capital has announced the launch of a new Liquid platform to further expand its crypto investment offerings. According to reports, Dragonfly launched its first liquid crypto fund in June 2021. As of April 2022, the liquid investment platform had raised over $450 million, including internal capital and SPVs.
Kevin Hu, Partner and Head of the Liquid Platform, stated, "We believe the current market environment is particularly attractive for liquid crypto assets, as the market fails to differentiate between high-quality assets and low-quality ones. Moreover, we observe that most capital in crypto is allocated to private/venture firms, resulting in a lack of dedicated capital and underwriting capability once altcoins become liquid. We believe this is creating significant dislocation and long-term opportunities, as many liquid assets are now trading at prices far below their previous private funding rounds."
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