Re7 Capital & Republic Crypto set up a $100M fund for liquid token

Re7 Capital and Republic Crypto on 1st April announced the launch of a $100 million fund, named RxR Opportunities Fund. The fund would serve for investing in liquid tokens and is designed to provide eligible investors with the ability to access a group of hand-picked crypto tokens, with a focus on medium-sized market-cap cryptocurrencies. 

Evgeny Gokhberg, founder of Re7 Capital, in an interview, mentioned that the tokens despite smaller names, however, are not speculative in nature and are not memecoins. According to Gokhberg, memecoins are “basically” speculation but they are “focused on building a position with a desire to hold for one to three years.”

Moreso, the fund has a one-year lock-up with liquidity unlocked on a quarterly basis, and 15% of the fund can go into private deals like OTC transactions with a “respectable discount,” he said.

Further, Goldberg didn’t unveil how much had already been committed to the RxR Opportunities Fund, however, he said it is an open-ended fund that has had some commitments.

According to Evgeny Gokhberg, founder of Re7 Capital, the DeFi fund didn’t lose money last year, despite the industry-wide collapse.

Re7 Capital is a venture capital firm based in the Cayman Islands, which already runs a market-neutral DeFi yield fund and a fund focused on increasing Ethereum. The new fund offers a third option for clients, with a different risk-return ratio. Republic Crypto, on the other hand, is a web3 advisory and crypto infrastructure firm.

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