THELOGICALINDIAN - Dragonfly Basic Partners a new cryptofocused adventure basic close has appear the barrage of its aboriginal 100 actor armamentarium committed to investments in crypto assets Its investors accommodate Okex Bitmain and added wellknown names in the industry
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Meet Dragonfly Capital Partners
Dragonfly promises to advance in three types of assets: crypto-native funds, “pick-and-shovel” tech startups and decentralized protocols and applications. It launches with a portfolio of added than 20 investments, including cryptofunds and asset managers, the stablecoin Basis, Spacemesh and Oasis Labs.
The founding aggregation is led by managing ally Alexander Pack and Bo Feng. Pack ahead managed crypto and armamentarium advance for Bain Capital Ventures and was a accepted accomplice broker in Polychain Capital. Feng is the founding accomplice of Ceyuan Ventures and the better broker in Okex, amid abounding added ventures.
“Throughout our years of advance in crypto at our corresponding VC firms, we accomplished how difficult it is for bounden advance firms to participate in this tech trend. The affair is that crypto is not aloof a new technology but a new tech-driven asset class, article we haven’t witnessed in decades,” said Pack. “A new asset chic calls for a new brand of asset manager. That’s why we launched a crypto-dedicated armamentarium and why we advance in added cryptofunds.”
Bringing East and West Together
Dragonfly claims to accept articular a bazaar befalling to “bridge the gap amid East and West in the crypto economy,” and appropriately has admiring investors from throughout the U.S. and Asia.
American investors accommodate Salil Deshpande (Bain Capital Ventures), Marc Andreessen and Chris Dixon (A16Z), Cyan Banister (Founders Fund) and Olaf Carlson-Wee (Polychain Capital). Asian investors accommodate Neil Shen (head of Sequoia China), Eric Xu (founder of Baidu), Bob Xiaoping Xu (founding accomplice of Zhenfund), Zhang Tao (chairman and architect of Meituan-Danping), Bao Fan (founder and CEO of China Renaissance Bank), Cai Wensheng (founder and administrator of Meitu), Justin Tang (founder and CEO of X Financial, elong), JP Gan (Qiming Venture Partners), and Annie Xu (head and accepted administrator of Alibaba U.S.).
“I see a alongside amid the internet bang in the ’90s and the accepted cryptocurrency bazaar opportunity,” said Feng, who was one of the aboriginal adventure investors on the internet. “The crypto anarchy may be alike bigger than the internet and added global. We booty an ecosystem approach, advance in armamentarium managers about the apple and abutting the top technologists from the West to the better crypto companies and user bases in Asia.”
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