DeFiance Capital recently raised $100 million for their liquid token fund, according to reports by The Block. The crypto investment firm completed the first round of funding, with a mixture of investors including family offices, crypto funds, and existing investors. DeFiance Capital was founded in 2020 and has invested in various projects like Aave, DyDx, and Axie Infinity. The liquid venture fund aims to acquire tokens trading below venture round valuations. Liquid tokens are a new automated liquidity method, praised by many for their potential to transform the way digital items are tokenized.