Blockchain Capital, a prominent cryptocurrency venture capital firm, is reportedly seeking to raise $700 million for the launch of two new funds, according to a recent Bloomberg report. The firm, which has previously invested in major digital asset companies such as Coinbase, Circle, and Tether, is expected to finalize the fundraising process within the next five to six months. With a portfolio valued at over $6 billion and $2 billion in fee-bearing assets under management, Blockchain Capital's latest funding round is set to further solidify its position in the crypto investment landscape.
The firm's co-founders, Bart Stephens and Brad Stephens, have been instrumental in securing investments from traditional financial institutions, including university endowments, sovereign wealth funds, and U.S. pension plans.