DWF Labs launches ‘proprietary’ $75 million DeFi investment fund

Crypto market maker DWF Labs is launching a new proprietary $75 million investment fund dedicated to Decentralized Finance (DeFi), targeting projects on Ethereum, BNB Chain, Solana, and Base. Co-founder Andrei Grachev stated the fund aims to back founders solving structural problems in liquidity, settlement, credit, and on-chain risk management, focusing on tools like dark pool decentralized exchanges (DEXs) and on-chain money markets. This initiative expands DWF's existing venture-building efforts, which have previously drawn scrutiny due to the firm's opaque structure and the blurring lines between its market-making and venture capital wings. Grachev believes DeFi is entering an institutional phase requiring infrastructure that can handle size and protect order flow. The fund launches amid a general decline in crypto VC investments, which DWF views as an ideal time to support strong builders emerging from challenging market conditions.

(Source：The Block)