ParaFi raises $125 million for new crypto fund

ParaFi Capital has successfully raised $125 million for a new venture fund, despite a downturn in the cryptocurrency market. The firm, which now manages approximately $2 billion, has already secured an additional $325 million for existing crypto investment strategies since 2025. This new fund will concentrate on startups focused on stablecoins, tokenization, and on-chain financial products tailored for institutional investors. The fundraise signals continued investor confidence in the long-term potential of blockchain-based financial infrastructure, even as Bitcoin and the broader crypto market have experienced significant price declines.