ParaFi Capital Closes $125 Million New Fund, Focusing on Stablecoins and Institutional DeFi

BlockBeats News, March 24th, according to Bloomberg, New York-based digital asset management company ParaFi Capital has completed the fundraising for a new venture fund this month, with a scale of $125 million.

ParaFi founder Ben Forman stated that the fund will focus on stablecoins, asset tokenization, and institutional-grade on-chain finance. The company has currently invested in several leading companies in the crypto industry, including Anchorage, Bitwise, and Polymarket.

The fundraising comes amid a market downturn, with Bitcoin having fallen over 40% from its historical high in October last year. At the same time, several major crypto funds, such as Paradigm, have expanded their investment scope to include AI robotics.

Forman told Bloomberg that this fundraising demonstrates that "sophisticated investors" can differentiate between short-term price volatility and the long-term adoption trend of blockchain-based financial infrastructure.

In addition to this $125 million new fund, since the beginning of 2025, ParaFi has separately raised $325 million for its ongoing digital asset investment strategy. The company currently manages assets of approximately $2 billion.

Founded in 2018, ParaFi's investors include Bain Capital Ventures and KKR & Co. co-founder Henry Kravis. In 2024, the company raised $120 million from investors such as Theta Capital Management and Accolade Partners.