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Crypto Investment Firm ParaFi Raises $30M for New Fund
The blockchain and DeFi-focused company is also launching a new growth fund.
By Brandy Betz
Updated May 11, 2023, 4:00 p.m. Published Dec 2, 2021, 4:38 p.m.
Make us preferred on GoogleParaFi Capital, an investment firm focused on blockchain and decentralized finance, has raised nearly $30 million in a new fund, according to a regulatory filing.
- The ParaFi Private Opportunities - Series I fund opened on Nov. 19 and raised the money from 75 investors. The fund doesn’t have a set financial goal, and ParaFi checked “indefinite” for how long it will continue to accept investments.
- ParaFi also filed for a new growth fund that has yet to begin accepting investments. The company cited as “indefinite” both the total offering amount and the total remaining to be sold.
- Founded in 2018 by KKR alum Ben Forman, ParaFi has around $1 billion in assets under management.
- ParaFi declined to comment about the new funds when contacted by CoinDesk.
- The latest moves come two months after KKR & Co. made its first blockchain-related investment with a stake in ParaFi’s flagship fund, which focuses on decentralized finance markets.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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