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ParaFi Raises $125 Million for New Crypto Fund Backed by Henry Kravis

Bloomberg reports ParaFi Capital completed a $125 million venture fund centered on stablecoins, tokenization, and institutional onchain finance, while the firm says it has raised another $325 million for digital asset strategies since early 2025.

Summary

ParaFi Capital completed a $125 million venture fund focused on stablecoins, tokenization, and institutional onchain finance, according to Bloomberg. Founder Ben Forman said the firm has also raised another $325 million for digital asset strategies since early 2025. Bloomberg states that ParaFi manages about $2 billion in assets, highlighting continued institutional fundraising around blockchain-based financial infrastructure and digital asset investment strategies.

Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a relatively stable value, often by being pegged to a fiat currency such as the U.S. dollar.
  • Tokenization: The conversion of assets or rights into blockchain-based digital tokens that can be transferred, tracked, or managed onchain.
  • Institutional onchain finance: Blockchain-based financial activity tailored to large investors and firms, including settlement, asset issuance, and other capital markets functions conducted onchain.