Venture capital firm’s record funding comes as space is “teeming with exceptional innovators” despite bear market, execs say
Stephens founded Blockchain Capital, a venture capital firm focused on digital assets, in 2013 alongside brother Brad Stephens
Jump Crypto, Blockchain Capital, Alameda Research and Coinbase Ventures, are among marquee investors supporting Hxro’s strategic round.
The company’s fifth fundraising, also known as “Fund V,” was oversubscribed at its $300 million hard cap with investors from around the world, the company said.
The round marks the first time a blockchain technology company has received major institutional funding from Morgan Stanley, said Carlos Domingo, co-founder and CEO of Securitize.