Dragonfly Capital continues to expand its crypto investment offering with the launch of a new floating platform
SAN FRANSISCO and NEW YORK, July 18, 2022 / PRNewswire / – Dragonfly Capital (“Dragonfly”), a global cryptocurrency-focused investment company, today announced the addition of a floating platform.
Dragonfly launched its first liquid crypto fund in June 2021managed by Kevin Hu, Ashwin Ramachandranand Lawrence Diao. According to Dragonfly, pr April 2022the floating investment platform collected more than $ 450 million including internal capital and SPVs.
Kevin Hupartner and head of Liquid Platform, said “We believe that the current market environment is particularly attractive for liquid cryptocurrencies since the market does not differentiate between quality assets and vaporware. Tokens with cash flow and management rights to products with significant traction are down as much as many zombie assets without Furthermore, we believe most of the capital in crypto is allocated to private / venture, so there is a lack of dedicated capital and the ability to underwrite altcoins when they become liquid.We believe this creates massive dislocation and long-term opportunities as many liquid assets are traded well during his previous private rounds. “
Lawrence Diao added, “During the bear market 2018-2020, there was doubt whether crypto had come to stay. This time we see a much stronger belief in the future. Although it is still early, protocols gain organic traction and influence behavior in the real world.” world., top-level technology and financial talent are entering this area at a rapid pace and institutional capital is trickling into the industry. “
Dragonfly has always differentiated itself with its global approach to investment. We aim to capture venture-like returns in a liquid vehicle by building a highly concentrated portfolio and then actively collaborating with founders, engaging the community, participating in management and offering benefits. onchain, “added Ashwin Ramachandran. “We will continue to invest in crypto infrastructure, decentralized protocols and cutting-edge consumer applications, as well as the deployment of NFTs, games and DAOs.”
About Dragonfly Capital
Dragonfly Capital collaborates with crypto entrepreneurs in all stages of development, from seeds to series D, to floating tokens. With a global team, Dragonfly focuses on working closely with entrepreneurs to solve their most relevant issues in technology, product and market. Since its inception in 2018, Dragonfly has established a strong track record and invested in some of the largest and most influential crypto projects, including Avalanche, NEAR Protocol, 1inch, Bybit, Compound, dYdX, MakerDAO and Matter Labs.
To learn more about Dragonfly Capital, visit https://dcp.capital.
Under no circumstances shall this publication be construed as an offer to provide investment advisory services or as an offer that encourages the purchase or sale of securities or interests in an investment fund managed by Dragonfly. It should also not be used or trusted to assess the benefits of an investment. An offer to invest will be made separately and only by means of confidential offer documents, the terms of which will apply in all respects, and which should be read in full, and only to those who, among other things, meet certain qualifications according to federal securities laws. Such investors, defined as accredited investors and qualified buyers, are generally considered to be able to assess the benefits and risks of potential investments and financial conditions.
No guarantees can be given that certain investment goals will be achieved or investment strategies will be successful. Any investment in a vehicle managed by Dragonfly involves a high degree of risk, including the risk of losing the entire amount invested. Any investments or portfolio companies mentioned, referred to or described are not representative of all investments in vehicles managed by Dragonfly, and no guarantee can be given that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Past performance for Dragonfly’s investment instruments, investments or investment strategies is not necessarily an indication of future results.
Some statements here may constitute “forward-looking statements” (which can be identified using forward-looking terminology such as “can”, “will”, “should”, “expect”, “upside”, “potential,” “project”, “estimate” , “intent”, “goal” or “belief” or comparable terminology), be aware that due to various risks and uncertainties, actual events, results or performance may differ materially from those reflected or thought in such statements. Future-oriented statements are not guarantees and involve risk, uncertainty and assumptions. Dragonfly expressly disclaims any obligation to update any forward-looking statement in the event that it later proves to be inaccurate – whether as a result of new information, future events or otherwise. All information here must be verified and confirmed independently.
With respect to Dragonfly’s investments in any digital asset, cryptocurrency, protocol, DAO or token project, Dragonfly acts in its own financial interest, not necessarily in the interests of other investors or token holders. Other investors and token holders should not expect Dragonfly to take any involvement in these projects other than as an investor and token holder, and should not trust Dragonfly to have any particular commitment. Investment in cryptocurrencies is highly speculative, and the market is largely unregulated.
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SOURCE Dragonfly Capital
