Taiwan's CTBC Venture Capital commits $4.5m to crypto-focused fund

Taiwan's CTBC Venture Capital commits $4.5m to crypto-focused fund

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

CTBC Venture Capital, the venture capital arm of Taiwanese financial firm CTBC Financial Holdings, has committed to invest up to $4.5 million in a crypto-focused fund by US-based Dragonfly Capital Partners. 

In a filing with the Taiwan Stock Exchange, CTBC said its commitment to Dragonfly Ventures I Feeder LP is equivalent to approximately 4.6% of the target amount being considered for the fund.

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