EXCLUSIVE: DeFiance Capital completes first close of $100 million liquid token fund by Yogita_Khatri5
Arthur Cheong’s DeFiance Capital completed the first close of a $100 million liquid token fund, sources told The Block.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Arthur Cheong's crypto investment firm is back in the game after getting hit by the now-bankrupt crypto hedge fund Three Arrows Capital.
"A good mix of investors" backed the vehicle, including crypto funds of funds, family offices and some of DeFiance's existing investors, the source added.DeFiance Capital was founded in 2020 in Singapore by Cheong, a popular crypto personality with over 145,000 Twitter followers.
Launching amid a bear market, DeFiance's liquid token fund is aiming to grab up tokens that are currently trading below venture round valuations.
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