Share this article
StepStone VC Raises $97M for Two Blockchain Funds
SEC filings show pooled investment figures for the two private equity funds.
Updated May 31, 2023, 4:51 p.m. Published May 31, 2023, 4:51 p.m.
The venture capital arm of StepStone Group (STEP), a global private markets firm with $138 billion in assets under management, has raised a combined $96.54 million for two versions of a blockchain-focused private equity fund, according to filings with the U.S. Securities and Exchange Commission. The existence of the funds were revealed in disclosures last June, but amendments released on Tuesday revealed the sales figures for the first time.
The U.S.-based StepStone VC Blockchain I, L.P. has raised $71,225,000 from 100 investors since the first sale occurred on June 7, 2022. The Cayman Islands version of the fund raised $25,315,000 over the same time period from 41 investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
StepStone VC joined StepStone Group through the Sept. 2021 acquisition of Greenspring Associates, a venture capital and private equity platform that had $18.9 billion in assets under management at the time of the deal. StepStone VC now has more than 30 funds and the newest entrants are the first to specifically have a crypto-related name.
StepStone Group declined to comment when contacted by CoinDesk about the nature of the funds, which aren't the firm’s first foray into crypto. StepStone Group was among the limited partners who backed crypto-focused firm CoinFund’s $300 million Web3 fund announced last August.
.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
