DWF Labs Unveils $250 Million Venture for Medium-Large Scale Cryptocurrency Initiatives

DWF Labs has earmarked $250 million to stimulate the growth of cryptocurrency, with deals worth $25 million and $10 million already confirmed.

DWF Labs, a cryptocurrency trading company, is launching a $250 million Liquid Fund to back mid and large-cap cryptocurrency projects, aiming to speed up acceptance and development in the sector.

In a blog post on March 24, DWF Labs revealed that the fund will offer investment amounts ranging from $10 million to $50 million per project. The company stated that it has already dedicated $25 million and $10 million to two undisclosed projects, with further agreements anticipated in the upcoming months.

Andrei Grachev, managing partner at DWF Labs, stated that the firm is looking to extend its efforts in promoting web3 adoption, stressing that the team believes "strategic capital, paired with hands-on ecosystem development, is the key to unlocking the next wave of growth for the industry."

DWF Labs suggests that the fund will go beyond conventional investments as each deal will include a customized growth strategy, which may encompass stablecoin liquidity backing, lending market cultivation, and marketing initiatives.

According to Crypto.com's annual Crypto Market Sizing Report, global cryptocurrency adoption, measured by ownership of crypto assets, increased by 13% in 2024—from 583 million owners in January 2024 to 659 million by December.

A separate study by financial giant BlackRock also showed that the rate of cryptocurrency adoption surpassed mobile phone adoption by 43% and internet adoption by 20%. According to BlackRock, it only took 12 years for crypto adoption to reach 300 million users, while mobile phones took 21 years to achieve the same milestone, and the internet took 15 years.