BlockFi Set to Increase Valuation to Almost $5B Through New Fundraising

Meanwhile, Blockdaemon, the leading independent blockchain infrastructure platform, raises $28 million in Series A funding, backed by BlockFi.

article-image

BlockFi’s Flori Marquez, Co-Founder and SVP of Operations, and Zac Prince, CEO and Co-Founder

share
  • BlockFi previously announced funding in March with a valuation of $3 billion
  • Blockchain platform Blockdaemon, which is backed by BlockFi, closed $28 million Series A funding round

BlockFi, a wealth management and trading firm for cryptocurrency holders, is in talks to raise a new Series E funding round of $500 million, bringing the company total valuation to nearly $5 billion. 

The updated funding comes a few months after BlockFi announced in March that it closed on a large $350 million Series D funding that valued the company at $3 billion. BlockFi’s new projected valuation is $5 billion, about 66.7% higher than the March valuation. 

The New York City-based startup is in late-stage talks with new and existing investors to the capital, according to two people familiar with the deal talks, The Information reported on June 8. 

Separately, BlockFi invested in Blockdaemon, the leading independent blockchain infrastructure platform, which announced on June 8 that it closed a $28 million Series A funding round. Funding for Blockdaemon was led by venture capital company Greenspring Associates with participation from Goldman Sachs and BlockFi, to name a few. 

Loading Tweet..

“Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure. We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it,” said Oli Harris, North America head of digital assets at Goldman Sachs.

According to the press release, Blockdaemon has averaged more than $5 billion in staked assets and is on track to have upwards of $50 billion by year end.

“This funding represents a significant milestone for Blockdaemon. With investment from industry leading financial technology providers and VC firms, this round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions,” said CEO and Founder of Blockdaemon Konstantin Richter. 

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /