DWF Labs launches $75M fund for ‘institutional phase’ of DeFi

Crypto market maker DWF Labs’ fund has been earmarked for dark pool DEXs, decentralized money markets, and yield-bearing products.

Crypto market maker and Web3 investment firm DWF Labs says it is investing up to $75 million in decentralized finance projects that could support institutional adoption. 

The firm shared its announcement via X on Wednesday, saying the fund will support projects with “innovative value” propositions that can scale to support large-scale adoption.  

“The initiative will target blockchain projects building dark-pool perpetual DEXs, decentralized money markets, and fixed-income or yield-bearing asset products, [...] areas the firm believes are poised for major growth as crypto liquidity continues its structural migration onchain,” DWF Labs said.

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