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 for its seventh early-stage fund and second growth fund 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 fundraising efforts are likely to attract significant attention from investors. The company's co-founders, Bart Stephens and Brad Stephens, have a proven track record of identifying and supporting promising cryptocurrency and blockchain ventures.