to cryptocurrencies Venture capital companies, which think that the interest will continue, continue to establish crypto money funds and expand existing funds.
It was stated that venture capital company Squoia Capital will enter the sector with a fund of 500-600 million dollars.
The fund will invest the 600 million dollars it has collected in cryptocurrencies. of the fund of DeFi While it was stated that he aimed to benefit from many blessings, it was stated that many alternatives from staking to providing liquidity would be used and the fund would be actively managed.
Established in 1972 Squoia Capital world’s oldest and most successful venture capital known as one of the companies. The fund in question will be the company’s first crypto fund.
Shaun Maguire, partner of Squoia Capital to crypto funds made the following statements regarding:
“We will also invest in tokens that have not yet been listed, primarily tokens listed on cryptocurrency exchanges.
Many of our founders want us to take an active role in managing their cryptocurrencies. This new fund gives us the flexibility to connect even more deeply.
We aim to stake, provide liquidity, and participate in the management of tokens rather than just holding them.
We are still at the beginning. Crypto has just started to grow and this will continue. Crypto will be the biggest megatrend in the next 20-30 years.“
*Not Investment Advice.