Crypto Market Maker DWF Labs Unveils $250M Liquid Fund

Cryptocurrency Market Maker DWF Labs Launches $250M Liquidity Fund

In 2023, DWF Labs established itself as an active crypto investor, whose investments included purchasing millions of dollars worth of project tokens.

Author: Jamie Crowley | Edited by: Sheldon Reback Updated: March 24, 2025 10:24 UTC Published: March 24, 2025 10:20 UTC

Key points:

• DWF Labs has announced a $250 million fund to invest in mid- and large-cap cryptocurrency projects.
• Investment volumes will range from $10 million to $50 million per project, providing both capital and ecosystem support.
• The company has been criticized for calling token purchases an investment rather than buying equity.

Cryptocurrency market maker and investor DWF Labs has announced the creation of a $250 million fund intended to invest in mid- and large-cap cryptocurrency projects.

Investments will range from $10 million to $50 million per project, providing both capital and ecosystem support, DWF Labs said in an email on Monday.

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The company has proven itself to be a prolific investor in the crypto industry in 2023, with a significant portion of its investments consisting of purchasing projects’ native tokens worth several million dollars. This approach, which differs from the traditional venture capital model where investments are made in exchange for equity, has drawn some criticism from analysts.

DWF Labs’ position as a market maker meant that they kept their tokens on exchanges, which created the risk that they could be sold at any time. Managing partner Andrey Grachev told CoinDesk in May 2023 that the company kept most of its assets and investments on centralized exchanges, and that listing the tokens on an exchange did not mean they would be sold.

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