Blockchain Capital, a prominent cryptocurrency venture capital firm, is in the process of raising $700 million for 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 its seventh early-stage fund and second growth fund over 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 fundraising efforts are likely to attract significant attention from traditional financial institutions and investors. The company's co-founders, Bart Stephens and Brad Stephens, have a proven track record in crypto investments, having raised around $1 billion for their ventures to date.