SINGAPORE, Nov. 14, 2022 /PRNewswire/ — In mild of the latest information of FTX submitting for Chapter 11 Bankruptcy, DWF Labs stays unaffected. As a high-frequency buying and selling agency and market maker, DWF Labs has constructed a strong threat administration framework that has enabled the agency to commerce by way of such market occasions.
“Many parties are being impacted by the recent FTX situation,” stated Andrei Grachev, Managing Partner at DWF Labs. “However, DWF Labs has been able to trade through this incident with minimised impact due to our strong risk management framework. This is not the first time that we have seen an exchange collapse. Black swan events and high volatility are part and parcel of the crypto industry. As a trading firm, our operations are designed to continue functioning during such market events. We are letting everyone know that we are more committed than ever to supporting the Web3 ecosystem in these difficult times. We are also willing to help companies and entrepreneurs who have been affected in the aftermath of the FTX situation with investments, loans, and liquidity provisions.”
DWF Labs have additionally continued to take a position and develop considerably over the previous 12 months regardless of the general market situations. The agency investments are unfold throughout numerous levels which embody enterprise capital and secondary markets investments. These embody a close to time period line-up of funding bulletins price over US$35mil that has but to be introduced.
“We grew our investment portfolio to over 50 Web3 projects within a year,” commented Heng Yu Lee, a Partner in DWF Labs. “Despite the current market climate, we are here to stay and will continue to invest in and support the Web3 ecosystem. We welcome any Web3 entrepreneurs who need funding to reach out to us”.
In settlement with the necessity to step up efforts to assist the trade, Eugene Ng, one other Partner in DWF Labs, stated, “What has happened in the past few days is deeply disturbing because of its negative impact on the crypto communities. Many talented individuals are losing their jobs. We feel their pain and would like to encourage anyone who is looking for new opportunities that our doors are open.”
As the impression of the occasion continues to unfold, DWF Labs continues to minimise related dangers as the corporate doesn’t have publicity to loans or different dangerous financing devices. The agency stays targeted on progress targets with prudent measures with dedication to proceed offering liquidity and funding to affected events.
About DWF Labs
DWF Labs is a world digital asset market maker and multi-stage Web3 funding agency, with places of work in Singapore, Switzerland, the UAE, South Korea, BVI, and increasing. DWF Labs is a part of the father or mother agency Digital Wave Finance (DWF), which constantly ranks among the many prime 5 buying and selling entities by quantity within the cryptocurrency world by way of its proprietary expertise for excessive frequency buying and selling.
DWF Labs seeks to take a position and assist daring founders who wish to construct the way forward for Web3. We provide consulting, liquidity provision, cybersecurity, sensible contract audit processes, debt-financing, treasury administration and connections with our quite a few companions throughout totally different verticals.
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