Blockchain Capital, a prominent cryptocurrency venture capital firm, is currently raising $700 million to support two new funds, according to a recent report by Bloomberg. The firm, which has previously invested in major digital asset companies such as Coinbase, Circle, and Tether, is expected to finalize the fundraising process for its seventh early-stage fund and second growth fund over the coming five to six months. With a portfolio worth over $6 billion and $2 billion in fee-bearing assets under management, Blockchain Capital has established itself as a significant player in the crypto investment landscape, with a strong backing from traditional financial institutions, including university endowments and sovereign wealth funds.