Digital Currency Group, Multicoin Capital, Reciprocal Ventures, gumi Cryptos Capital, NGC Ventures and HashKey provided the capital to accelerate growth on The Graph
“We are looking forward to leveraging the funding to improve access to blockchain technology in an ever growing list of countries across the world,” Marieke Flament, NEAR Foundation CEO said in a statement
This new debt capital raise comes shortly after DCG raised $700 million in the beginning of November, at a $10 billion valuation.
Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF.
Digital Currency Group subsidiary expands services to make proof-of-stake networks more accessible to institutions.
The parent company of Grayscale has raised a massive round from heavy-hitters like SoftBank Group and Alphabet Inc’s independent growth fund CapitalG.
Transaction fees are at historical lows, but block subsidies are still attractive.
In a year where ESG concerns have dominated headlines, this is one of many public moves to help the decentralized currency lower its energy usage.
The company has raised a cumulative $30 million in funding since inception and its CEO said they might consider future funding rounds later this year.