ParaFi, a digital asset management firm, has closed a $125 million venture fund, according to reporting from The Block. The capital will be deployed to support emerging blockchain projects and cryptocurrency infrastructure investments.
The fundraise underscores continued institutional appetite for cryptocurrency venture opportunities despite broader market volatility. ParaFi's new fund is positioned to back early-stage teams developing decentralized finance protocols, layer-two scaling solutions, and digital asset infrastructure that the firm views as foundational to blockchain ecosystem maturation.
Source:theblock.co