Share this article
Valkyrie to Launch $100M ‘On-Chain DeFi Fund’
The fund will get yield from lending, liquidity pools, farming and staking, said the asset manager’s director of DeFi.
By Ian Allison
Updated May 11, 2023, 7:06 p.m. Published Nov 15, 2021, 7:19 p.m.
Crypto asset manager Valkyrie Investments will launch a decentralized finance (DeFi) fund next week with $100 million behind it, designed to give investors safe and easy exposure to the fast-growing industry.
Valkyrie Investments last month received the blessing of the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin futures exchange-traded fund (ETF). By adding a DeFi fund, Valkyrie joins the likes of Galaxy Digital, which recently launched a DeFi tracker fund.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
However, Valkyrie’s “On-Chain DeFi Fund,” which goes live on Nov. 22, holds its assets on-chain and therefore goes some way beyond Galaxy’s passively managed DeFi fund, according to Valkyrie’s Managing Director of DeFi, Wes Cowan.
“This allows us to participate in the upside while also gaining additional yield from lending, liquidity pools, farming and staking in the DeFi ecosystem,” Cowan said via email. “We get the appreciation plus the compounded yield generated from on-chain DeFi participation.”
In terms of what mix of DeFi platforms the Valkyrie fund will invest in, the list is long, Cowan said, and includes most major DeFi protocols. “We see a lot of opportunities on blockchains including Ethereum, Avalanche, Solana, Binance Smart Chain, Matic and Fantom,” he wrote.
Read more: Aave Proposal Enlists Fireblocks to Aid DeFi Protocol’s Mainstream Finance Push
The $100 million came from existing Valkyrie investors, plus the firm’s general partners are all investing directly into the fund as well. The fund targets accredited investors in the U.S. and the majority of international countries, Cowan said.
In terms of assessing risk associated with DeFi investing, Cowan said the firm’s investment counsel works to determine what percentage of the portfolio should be in stablecoins. “Though even when in stablecoins, they are always deployed on-chain to generate yield,” he added.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
