Dragonfly Capital
Crypto venture capital firm Dragonfly raises $650 million despite 'gloom of a bear market'
The firm’s fourth fund positions it alongside a16z and Paradigm even as blockchain VC fundraising contracts and investors pivot toward stablecoins and tokenized finance.
Why crypto VCs at Consensus Hong Kong are playing a 15-year game
With capital tightening, investors are backing “what’s working,” like stablecoins and tokenization, while selectively betting on AI and prediction markets.
Conduit Raises $36M to Expand Stablecoin-Based Cross-Border Payments Beyond SWIFT
Stablecoins are one of the fastest-growing sectors in crypto and an increasingly popular tool for global payments, attracting interest from venture capital investments.
Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.
Dragonfly Capital Aims to Raise $500M Fund: Bloomberg
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.
MegaLabs, Behind the 'Real-Time' Blockchain, Raises $20M, Led By Dragonfly
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.
Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital
The trading firm aims to fill the gap left after crypto's credit meltdown two years ago and improve trust by offering a real-time overview of its risk exposure to clients, co-founder Joshua Lim said in an interview.
'DePIN' Is Venture Capitalists' Latest Crypto Obsession. Can It Match the Hype?
DePIN involves taking real-world infrastructure like a wireless network and running it with a blockchain-powered system. VCs are salivating, but there aren't many customers yet.
A Statement Said Ethena Labs Raised Millions From Some Big Names. Then Chaos Ensued.
"It was an honest mistake," said Ethena's co-founder.
DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi
The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.
