March 2025 Recap: $250M Liquid Fund, Falcon Finance Milestones, and Thought Leadership
Updated On 4 June 2025
Published On 31 March 2025
March has been a fruitful month as we continue our commitment to supporting meaningful Web3 projects, celebrate Falcon Finance’s milestone of $100M in TVL, and also lead in our institutional research, thought leadership, and speaking engagements.
Read more to learn about our key highlights and milestones from this month.
$250 Million Liquid Fund Launched
We have launched a Liquid Fund aimed at accelerating the adoption and expansion of mid and large-cap crypto projects. Unlike traditional investments, each deal will also include a full-scale ecosystem growth strategy tailored to the needs of the project.
The fund will provide strategic crypto venture capital and ecosystem support, ensuring sustainable growth for projects that drive real-world adoption and help promote change in the industry.
Falcon Finance Hits Major TVL Milestones with $100M Surpassed
Falcon Finance, the next generation synthetic dollar protocol backed by DWF Labs, launched its closed beta in March. Falcon reached $50 million in Total Value Locked (TVL) within just two weeks, quickly followed by a $90M milestone and hitting $100M in TVL in just over one month after launch.
Falcon is a next generation synthetic dollar protocol. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management.
Key Conversations on Crypto News and Trends
This month, we participated in several key conversations about Web3 trends in 2025, our investment philosophy, institutional adoption, and tokenisation.
Lingling Jiang on Block Fuel Podcast
Lingling Jiang, Partner of DWF Labs, shared during an interview with Block Fuel on her views on the development of the crypto market. She highlighted that in Hong Kong, regulatory changes and growing institutional interest have driven greater collaboration between traditional finance and Web3.
She also shared about her investment approach, emphasising the importance of strong founders and long-term viability and revenue potential. The interview also touched on U.S. crypto regulations and market outlook and future trends in 2025.
Listen to the full interview here.
Andrei Grachev Sharing About Real-World Tokenisation on The Birb Nest
Andrei Grachev, Managing Partner of DWF Labs, participated in the podcast ‘RWA: The Hidden Revolution’ hosted by The Birb Nest. During the talk with the hosts, he discussed tokenisation’s impact on traditional finance and how it would allow investors and companies to interact with digital assets in new ways. He pointed to Tether (USDT) as a successful example of a stablecoin that enabled seamless cross-border transactions globally.
Grachev highlighted the Middle East region as a leader in tokenisation regulations and stressed that compliance, trust, and liquidity are key.
Lingling Jiang on Solana and ETH Inflows
Lingling Jiang, Partner of DWF Labs, shared with Cointelegraph about her thoughts on Fidelity’s Spot SOL application, sharing that the application is not just a product proposal but also a regulatory litmus test.
Jiang also discussed the resurgence of ETF inflows, growth in the stablecoin market, and bullish patterns in altcoins after Bitcoin’s renewed strength. She shared that these factors suggest greater confidence and potential renewed institutional participation in crypto.
Fiona Ma on Cointelegraph Accelerator's AMA Discussing AI Agents
Fiona Ma, Investment and Research Lead at DWF Ventures, shared insights about the growing interest in AI and blockchain convergence at the AMA session hosted by Cointelegraph Accelerator. She touched on the challenges of integrating blockchain into existing AI structures, acknowledging the importance of careful decision making and compliance.
Research and Thought Leadership
Institutional Report
In March, we released a new edition of our institutional report. Following the launch of tokens such as $MELANIA and $LIBRA, focus has turned to a need for more transparent and equitable token launch mechanisms in the crypto market. This edition covers the history of token launch mechanisms from 2009 to present, potential flaws in existing token launch mechanisms, and alternatives and new approaches for a more level playing field.
DWF Ventures Research Threads
The DWF Ventures team continues to lead in research and deep dives in the crypto space.
During March 2025, DWF Ventures has analysed Pendle Finance’s protocol performance, its innovative approach to yield tokenisation, and its long-term potential in DeFi. Another research unpacked the explosive growth of BNB Chain, unveiling the reasons behind it. Analysts also covered the implications of MegaETH public testnet for developing Ethereum’s scalability.
Also, catch up on crypto developments in the United States by reading the DWF Ventures team’s recaps on ETH Denver and the Digital Asset Summit 2025.
Crypto Token Status Bot Updated: Enhanced Features for Market Tracking
We’ve introduced several key upgrades to our Crypto Token Status Bot. The bot offers improved status tracking, including pending listings, along with trading and unlisted statuses. Wide exchange coverage now monitors both Spot and Futures markets across all supported exchanges. To make updates easier to navigate, we’ve added a filtering system using hashtags.
Wrap-Up
March was packed with exciting milestones for DWF Labs — from the launch of our $250M Liquid Fund to Falcon Finance’s $100M TVL milestone to upgrading our Crypto Token Status Bot for smarter market tracking.
As we move into April, we’re doubling down on innovation, supporting high-impact projects, and shaping a more transparent, sustainable crypto ecosystem.
P.S. If you’re heading to Dubai for TOKEN2049, we’d love to connect. Join us at DWF Labs Haus on April 29, 2025 for an exclusive evening of cocktails, canapés, and networking. This event hosted by DWF Labs and Falcon Finance is invite-only, so be sure to register early — confirmation is required for entry. We look forward to seeing you there!
