DeFiance Capital Raises $100 Million To Invest In Liquid Tokens
Four persons with knowledge of the situation claim that Arthur Cheong, the creator of the DeFiance Capital cryptocurrency investment fund that was impacted by the collapse of Three Arrows Capital this year, is soliciting money for a new fund.
One individual with knowledge of the situation claimed that the new venture fund, which will continue to operate under the DeFiance moniker, will concentrate on liquid crypto investments and aim to raise roughly $100 million.
DeFiance Capital is concentrating its efforts on institutional investors including family offices
Cheong choose not to respond. He established DeFiance in August 2020, with a focus on venture capital investments in Web3 firms and decentralized finance solutions.
“Arthur Cheong is committed to taking all necessary steps to protect, preserve and recover all assets which are and were owned in the context of [DeFiance Capital]’s business” the company said in the July statement.
A successful fundraising campaign would essentially be DeFiance’s comeback. It declared in July that Three Arrows’ failure, which filed for bankruptcy and is now dealing with $3.5 billion in creditor claims, “materially harmed” it.
However, DeFiance has invested alongside Three Arrows in several deals, and co-founder Su Zhu still makes reference to DeFiance in his Twitter bio. At the time, DeFiance distanced itself from Three Arrows, claiming that it was “an entirely separate and independent crypto focused investment fund” and that Cheong had “no visibility on the hedge fund’s financial statements and/or financial condition.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Annie
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DeFiance Capital Raises $100 Million To Invest In Liquid Tokens
Four persons with knowledge of the situation claim that Arthur Cheong, the creator of the DeFiance Capital cryptocurrency investment fund that was impacted by the collapse of Three Arrows Capital this year, is soliciting money for a new fund.
One individual with knowledge of the situation claimed that the new venture fund, which will continue to operate under the DeFiance moniker, will concentrate on liquid crypto investments and aim to raise roughly $100 million.
DeFiance Capital is concentrating its efforts on institutional investors including family offices
Cheong choose not to respond. He established DeFiance in August 2020, with a focus on venture capital investments in Web3 firms and decentralized finance solutions.
“Arthur Cheong is committed to taking all necessary steps to protect, preserve and recover all assets which are and were owned in the context of [DeFiance Capital]’s business” the company said in the July statement.
A successful fundraising campaign would essentially be DeFiance’s comeback. It declared in July that Three Arrows’ failure, which filed for bankruptcy and is now dealing with $3.5 billion in creditor claims, “materially harmed” it.
However, DeFiance has invested alongside Three Arrows in several deals, and co-founder Su Zhu still makes reference to DeFiance in his Twitter bio. At the time, DeFiance distanced itself from Three Arrows, claiming that it was “an entirely separate and independent crypto focused investment fund” and that Cheong had “no visibility on the hedge fund’s financial statements and/or financial condition.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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