DeFiance Capital’s Head of Portfolio Growth Resigns
Yeou Jie Goh, the head of portfolio growth at crypto investment firm DeFiance Capital, has resigned from his position after working for the company for over two years. Goh will be joining blockchain project Chromia as its head of the Asia Pacific region next month. Arthur Cheong, the founder of DeFiance Capital, confirmed Goh’s departure and stated that he is leaving to pursue opportunities in project building. Chromia co-founder Or Perelman also confirmed Goh’s appointment and expressed confidence in his experience and industry acumen.
Legal Dispute and Recent Developments at DeFiance
Goh’s departure comes amidst a legal dispute between DeFiance and Teneo, the liquidators of the bankrupt crypto hedge fund Three Arrows Capital. The dispute revolves around over $140 million worth of assets. DeFiance was affected by the collapse of Three Arrows Capital as it operated as a sub-fund and share class of the company. DeFiance raised a portion of a new $100 million liquid token fund earlier this year and is actively hiring for new positions.
Chromia’s Development and Goh’s Role
Chromia is a blockchain project that is developing a relational feeless modular blockchain network using its proprietary programming language called Rell. The language is similar to SQL but more compact. Chromia is a project of ChromaWay, a Swedish blockchain startup founded in 2014. The network is expected to launch its mainnet next year and already has its token CHR listed on major exchanges. As the head of the Asia Pacific region at Chromia, Goh aims to grow the project’s ecosystem by attracting developers and users.
Hot Take: DeFiance Capital Experiences Changes Amidst Legal Battle
DeFiance Capital, led by Arthur Cheong, is undergoing changes as its head of portfolio growth, Yeou Jie Goh, resigns from the firm. Goh’s departure comes at a crucial time as DeFiance is engaged in a legal dispute over assets with Teneo, the liquidators of Three Arrows Capital. Despite this setback, DeFiance recently raised funds for a new liquid token fund and is actively hiring. Meanwhile, Goh will be joining Chromia as the head of the Asia Pacific region. Chromia is developing a relational feeless modular blockchain network and expects to launch its mainnet next year. Goh’s appointment is expected to contribute to Chromia’s continued success.
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