Dragonfly outlines $650M fund deployment strategy focused on DeFi and real-world finance
Dragonfly Capital has announced a new fund deployment strategy with a focus on decentralized finance and real-world finance. The firm's fourth fund raised $650 million, exceeding its initial target of $500 million. This move highlights the ongoing interest from institutional investors in the crypto space despite a broader downturn in venture capital funding.
- ▪Dragonfly Capital's fourth fund closed with $650 million, surpassing its $500 million target.
- ▪The fund will focus on decentralized finance, stablecoins, and the integration of blockchain with traditional finance.
- ▪This fundraising success comes at a time when many crypto VC firms are struggling to attract investment.
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Dragonfly outlines $650M fund deployment strategy focused on DeFi and real-world finance The crypto venture firm's fourth fund surpassed its $500M target, betting heavily on stablecoins, tokenized assets, and on-chain payments during a broader VC pullback. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if…
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