Share this article
ParaFi Raises Additional $200M for Its Flagship Digital Opportunities Fund
The fund has raised over $216 million from 226 investors since opening for investments.
By Brandy Betz
Updated May 11, 2023, 5:49 p.m. Published Dec 8, 2021, 3:57 p.m.
The flagship hedge fund of ParaFi Capital, a firm focusing on blockchain and decentralized finance (DeFi), has added more than $200 million in investments since April 2020, the Greenwich, Connecticut-based company said in a regulatory filing. The update comes two months after private equity giant KKR & Co. made its first blockchain investment with an unspecified stake into the fund.
The ParaFi Digital Opportunities Fund has raised over $216 million from 226 investors since opening for investments in 2018. That’s up from the more than $11 million and 62 investors it reported last year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ParaFi also filed a new notice for the ParaFi Digital Opportunities International fund, which started accepting investments in May and has raised $232 million from 66 investors.
Crypto funds have boomed this year as digital asset prices rallied. Crypto-related companies raised more than $9.9 billion in the first half alone, more than quadruple the first-half 2020 level, according to Dove Metrics data.
ParaFi was founded in 2018 by KKR alum Ben Forman and has around $1 billion in assets under management. Its investments include trading platform Gemini, decentralized autonomous organization (DAO) marketplace Talis and Ethereum infrastructure company ConsenSys.
Last week, filings revealed that ParaFi had raised $30 million in a new private opportunities fund and filed for a new growth fund.
More For You
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.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
