According to a recent report by Bloomberg, Blockchain Capital, a prominent cryptocurrency venture capital firm, is seeking to raise $700 million for the launch of two new funds. 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 endeavor is slated to further solidify its position in the crypto investment landscape.
The company's co-founders, Bart Stephens and Brad Stephens, have been at the helm of the firm's investment efforts, which have garnered support from traditional financial institutions, including university endowments and sovereign wealth funds.