Dragonfly Completes $650 Million Fundraising for Fourth Fund

Odaily News: According to Fortune, crypto VC Dragonfly has completed the fundraising for its fourth fund, with a size of $650 million. Dragonfly stated that the blockchain venture capital industry is currently undergoing a "large-scale shakeout," but institutions remain optimistic about the trend of crypto financialization, focusing on areas such as stablecoins, on-chain financial infrastructure, and real-world asset tokenization.