Blockchain Capital, a prominent cryptocurrency venture capital firm, is reportedly seeking to raise $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 looking to complete 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 limited partners include a range of traditional financial institutions, including university endowments and sovereign wealth funds. The company's co-founders and managing partners, Bart Stephens and Brad Stephens, have a proven track record in crypto investment, having raised around $1 billion to date.