TechFlow reports that on February 17, according to Fortune, cryptocurrency venture capital firm Dragonfly announced the successful closing of its fourth fund at $650 million. Dragonfly’s investment strategy has shifted from an early focus on Web3 vision to a stronger emphasis on financial technology. Partner Tom Schmidt stated that the industry is undergoing a significant transformation, and in the future, more tokens will represent real-world assets—such as equities and private credit funds—rather than native tokens of various crypto protocols. With this newly raised capital, Dragonfly is poised to shape the next era of blockchain.
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