Crypto Market Maker DWF Labs Introduces $250M Liquid Fund

Crypto market maker and investor DWF Labs mentioned it established a $250 million fund for funding in mid and large-cap cryptocurrency initiatives.

Investment sizes will vary from $10 million to $50 million per undertaking, offering capital and ecosystem assist, DWF Labs mentioned in a Monday e-mail.

The agency emerged as a prolific crypto trade investor in 2023, with a lot of its investments involving shopping for a number of million {dollars}’ price of a undertaking’s native token. The strategy, which differs from the normal enterprise capital mannequin of investing in return for fairness, drew some criticism from commentators.

DWF Labs’ place as a market maker meant they saved their tokens on exchanges, indicating a threat they may promote them at any time. Managing companion Andrei Grachev informed CoinDesk in May 2023 that the agency saved most of its funds and investments on centralized exchanges and that transferring tokens to an trade doesn’t point out the corporate will promote.