Investor Kevin O’Leary to set up DeFi investment company

Canadian investor and “Shark Tank” reality star Kevin O’Leary revealed he is a major shareholder in Canadian startup DeFi Ventures and has led a $20 million fundraising round for the company, according to Cryptopotato. The company is not yet live. Kevin O’Leary’s portfolio reportedly has a 3% allocation to cryptocurrency assets, but this could increase as DeFi takes on a larger role. In addition, Kevin O’Leary said that the recent volatility and decline in Bitcoin has actually boosted its DeFi investments, driving profits.