ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg The firm now manages about $2 billion, having already raised an additional $325 million for existing crypto investment strategies since last year. By Francisco Rodrigues | Edited by Sheldon Reback Mar 24, 2026, 12:36 p.m. Make us preferred on Google Parafi raised $125 million (Gerd Altmann/Pixabay) What to know : ParaFi raised $125 million for a new venture fund focused on stablecoins, tokenization and onchain financial products for institutions. The firm now manages about $2 billion, having already raised $325 million for existing crypto investment strategies since 2025, and has backed companies including Polymarket, Bitwise and Anchorage. While the fundraise comes during a challenging period for the industry, with bitcoin down 26% from this year's high, investors appear to be increasingly focused on the long-term potential of blockchain-based financial infrastructure. ParaFi, a New York-based digital asset manager backed by KKR co-founder Henry Kravis, raised $125 million for a new venture fund, Bloomberg reported . The cash comes on top of the $325 million ParaFi said it has raised for existing crypto investment strategies since the start of 2025. The firm now manages about $2 billion. Founder Ben Forman, who left KKR in 2018, said the new vehicle will focus on startups working in stablecoins, tokenization and onchain financial products for large institutions. Since starting up, ParaFi has backed companies including prediction market Polymarket, crypto asset manager Bitwise, decentralized finance firm Kyber Network and custodian Anchorage. The fundraise stands out as it comes during a weak stretch for the crypto sector. Bitcoin has fallen more than 26% from the 2026 high it hit in January, and only recently recovered the $70,000 mark . The wider market, measured via the CoinDesk 20 ( CD20 ) index, lost one-third of its value over the same period. Investors are starting to separate short-term token price swings from the longer-term case for blockchain-based financial infrastructure, Forman said, according to Bloomberg. DeFi Crypto News Funding Rounds More For You New York Stock Exchange taps Securitize to build its tokenized stock platform By Krisztian Sandor | Edited by Stephen Alpher 6 minutes ago The move comes as the race to bring equities to always-on blockchain markets is heating up after Nasdaq obtained regulatory approval for its tokenization plan. What to know : The New York Stock Exchange has tapped BlackRock-backed tokenization specialist Securitize to help design its tokenized securities platform. Securitize, an SEC-registered transfer agent, is expected to be among the first to mint tokenized stocks and ETFs on the platform, pending regulatory approval. The move underscores a broader push by NYSE and Nasdaq to move stock trading onto blockchain rails, offering around-the-clock trading and near-instant settlement. Read full story Latest Crypto News New York Stock Exchange taps Securitize to build its tokenized stock platform 6 minutes ago BitGo, Susquehanna Crypto offering institutional OTC access to prediction markets 38 minutes ago Bitcoin finds stability at 2023 investor cost basis, echoing past cycle 40 minutes ago Invesco joins tokenization race as it takes over Superstate’s $900 million onchain fund 1 hour ago The $75,000 line in the sand: What it’ll take for bitcoin to go "full bull" 1 hour ago Crypto-friendly fintech Revolut sees profit soar 57% to $2.3 billion in 2025 1 hour ago Top Stories Bitcoin leads crypto rebound to $71,000 as $550 million in shorts liquidated 2 hours ago Balancer Labs will shut down as corporate entity became 'a liability' after $110 million exploit 6 hours ago Here’s how Treasuries could shape Trump’s Iran war and bitcoin moves 4 hours ago Bitcoin's mining concentration just showed up in a rare 2-block reorg 8 hours ago Bitcoin, ether, solana prices move higher as Gulf allies inch toward joining Iran war 7 hours ago Fund services giant Apex to tokenize Bitcoin mining note on Coinbase’s Base platform 2 hours ago