Crypto startup funding overcomes blow-ups to hit US$100bil

Quick Summary:

NEW YORK: Crypto startups have drawn in roughly US$100bil of venture funding since the industry’s inception, after a recent pick-up in investment that coincided with a rally in bitcoin and other major tokens.

For some, liquid tokens can cut the return cycle for venture investors down from five to 10 years to as little as two, according to Richard Galvin, co-founder of Digital Asset Capital Management.

Many large crypto venture outfits, such as Polychain Capital, have in-house funds to help manage the tokens amassed through investments.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: DeFiLlama Coinbase Cryptocurrency Bitcoin /Business/Business News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 07:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21275473

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