ParaFi defies crypto market downturn with $125 million raise for new fund
Digital asset manager ParaFi raised $125 million for a new venture fund despite the ongoing crypto market downturn.Summary
New York-based digital asset manager ParaFi, which is backed by KKR co-founder Henry Kravis, successfully raised $125 million for a new venture fund, according to a Bloomberg report. This new capital is in addition to the $325 million ParaFi has already raised for its existing crypto investment strategies since the beginning of 2025, bringing the firm's total assets under management to approximately $2 billion. Founder Ben Forman stated the new fund will target startups focused on stablecoins, tokenization, and on-chain financial products aimed at large institutions. This successful fundraising is notable as it occurs during a weak period for the crypto sector, where Bitcoin has seen significant declines, suggesting investors are increasingly focusing on the long-term potential of blockchain financial infrastructure.
(Source：CoinDesk)