Everything on Fund Construction

Token liquidity allows crypto funds to recycle capital and realize returns dynamically, avoiding the illiquidity traps of traditional venture structures. This flexibility enables continuous compounding without waiting for exit events.

Impact: Fund managers can enhance capital efficiency and LP returns by structuring vehicles around token liquidity features rather than relying solely on markups.

— from Crypto VC Shifts to Founders, Privacy, and Agentic Economy · The Milk Road Show· May 22, 2026