CoinFund announced the spin-off of its liquidity strategy business to focus on venture capital.

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According to ChainCatcher, CoinFund has officially spun off its liquidity strategy business into an independent company, focusing on venture capital in the future. Seth Ginns and Chris Perkins will lead the new company and will step down from their operational roles at CoinFund after the transition is complete. 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 both liquidity and private markets, this move will help both investment strategies focus on development to better serve LPs and Web3 entrepreneurs.

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