Team Behind Argo Blockchain Launches London-Listed DeFi Fund – CoinDesk – CoinDesk

Team Behind Argo Blockchain Launches London-Listed DeFi Fund – CoinDesk – CoinDesk

Dispersion Holdings, a publicly traded decentralized finance (DeFi) fund established by the co-founders of listed crypto mining firm Argo Blockchain, made its debut on London’s Aquis Stock Exchange Growth Market (AQSE) Friday.

The investment vehicle, which will trade under the ticker symbol DEFI, aims to back the next Uniswap.

DeFi’s endless summer continues with some $65.34 billion locked up in platforms, according to DeFi Pulse. The Dispersion listing could be a smart move because many talk about “institutional DeFi” but nobody is sure exactly how large firms will play in this experimental realm. As such, Dispersion could be seen as proxy DeFi exposure without having to dirty any hands with cryptocurrencies, stablecoins and smart contract-based market making.

The time may be ripe for crypto endeavors thinking of going public, most recently evidenced by the glitzy listing of Coinbase earlier this month. Argo Blockchain, which reported annual profits for the first time, recently listed a non-fungible token (NFT) investment fund on Aquis.

Dispersion’s directors include Argo Blockchain co-founder Michael Edwards and Timothy Le Druillenec, a director of Argo’s NFT vehicle.

“We are going to be investing in early-stage DeFi projects that are built on top of the Ethereum ecosystem, the Binance ecosystem, the Polkadot ecosystem,” Dispersion CEO Michael Edwards said in an interview. “So, helping to scale and grow those companies and also create
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