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Crypto Market Maker DWF Labs Establishes $250M Liquid Fund
DWF Labs emerged as a prolific crypto investor in 2023, with investments involving buying several million dollars' worth of a project's token.
Updated Mar 24, 2025, 4:10 p.m. Published Mar 24, 2025, 10:20 a.m.
What to know:
- DWF Labs said it established a $250 million fund for investment in mid-size and large-cap cryptocurrency projects.
- Investment sizes will range from $10 million to $50 million per project, providing capital and ecosystem support.
- The firm has been criticized calling token purchases investments rather than taking a equity stake .
Crypto market maker and investor DWF Labs said it established a $250 million fund for investment in mid and large-cap cryptocurrency projects.
Investment sizes will range from $10 million to $50 million per project, providing capital and ecosystem support, DWF Labs said in a Monday email.
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The firm emerged as a prolific crypto industry investor in 2023, with much of its investments involving buying several million dollars' worth of a project's native token. The approach, which differs from the traditional venture capital model of investing in return for equity, drew some criticism from commentators.
DWF Labs' position as a market maker meant they kept their tokens on exchanges, indicating a risk they could sell them at any time. Managing partner Andrei Grachev told CoinDesk in May 2023 that the firm kept most of its funds and investments on centralized exchanges and that transferring tokens to an exchange does not indicate the company will sell.
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