CoinFund announced the spin-off of its liquidity strategy business to focus on venture capital.
According to official disclosure, CoinFund will spin off its liquidity strategy business into an independent company and will focus on venture capital in the future. Seth Ginns and Chris Perkins will lead the new company and will no longer hold operational positions at CoinFund after the transition is completed. Jake Brukhman, Alex Felix, and David Pakman will continue to lead CoinFund.
CoinFund stated that as the crypto market continues to mature and expand in liquidity and private markets, this move will help the two types of investment strategies focus on their development respectively, in order to better serve LPs and Web3 entrepreneurs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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