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# DragonflyRaises$650MillionInFunding

20

Crypto venture firm Dragonfly Capital closed its fourth fund at $650 million amid a blockchain VC downturn. Despite industry challenges described as 'mass extinction,' the firm focuses on stablecoins, on-chain financial infrastructure, and real-world asset tokenization, betting on crypto financialization trends.

Dragonfly completes fourth fund raise, raising $650 million. 🪙
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CRYPTO VENTURE FIRM DRAGONFLY CLOSES $650 MILLION FOURTH FUNDEVEN AS BLOCKCHAIN VCS FACE MASS EXTINCTION:
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#Cryptocurrency venture capital firm Dragonfly raised $650 million for its fourth fund. #crypto
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According to Fortune, the crypto venture capital firm Dragonfly Capital announced the completion of its fourth fundraise, totaling $650 million. Dragonfly stated that the current blockchain venture capital industry is experiencing a "mass extinction," but institutions remain optimistic about the trend of crypto financialization, focusing on areas such as stablecoins, on-chain financial infrastructure, and real asset tokenization.
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