United States · Investor

Blockchain Capital

Last cheque observed Oct 2026; 129 cheques on record.

Deploying nowNew fund $288M, Mar 2026VC firm

SeedSeries ASeries BCryptoDefiCefi

Deploying now
52%of best year11cheques in 12 months, 129 on record
Since the last cheque2days00hrs00min00sec
Median round$15MRounds led9 of 129Sole investor9 roundsExits1 from the portfolioMostly inUnited States, 61%
Pitch Blockchain Capital

Blockchain Capital highlights

  1. 01

    11 cheques in the last 12 months

  2. 02

    Mostly Venture and Seed: 67% of its rounds

  3. 03

    Sole investor in 9 rounds, median $5.3M

  4. 04

    1 exits from the portfolio

What they do

Partners to crypto builders since 2013.From their own website
Type
VC firm
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
CryptoDefiCefi
Based in
San Francisco, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first129 appearances

  1. 2026

    10 rounds

  2. Oct
    PhotonPaySeries C · HK · Google News search$40MLed
  3. Oct
    PredicateSeries A · Google News search$8.0MLed
  4. Sept
    NG.CASHBR · LatamList$15MLed
  5. Sept
    KrakenVenture · GB$100MWith 3 others
  6. Sept
    TareSeed · US$13MWith 2 others
  7. Aug
    Yellow CardSeries C · NG · Convergence Partners$40MWith 8 others
  8. May
    TemplumVenture · US$14MWith 3 others
  9. Apr
    DriftDebt · AU$100MWith 3 others
  10. Mar
    BlueskySeries B · US · TechCrunch$100MWith 8 others
  11. Feb
    TRM LabsSeries C · US · TechStartups$70MLed
  12. 2025

    14 rounds

  13. Dec
    ButtonSeed · US$5.1MWith 2 others
  14. Oct
    SecuritizeVenture · USUndisclosedWith 4 others
  15. Oct
    Allora LabsVenture · US$35MWith 5 others
  16. Aug
    Levr BetSeed · US$3.0MWith 3 others
  17. Jun
    EigenLabsVenture · US$70MWith 4 others
  18. Jun
    OneBalanceSeries A · KY$20MWith 2 others
  19. Apr
    Camp NetworkSeries A · US$25MWith 2 others
  20. Apr
    TallySeries A · US$8.0MWith 3 others
  21. Mar
    Solv ProtocolVenture · SG$10MWith 5 others
  22. Mar
    SFOXVenture · USUndisclosedWith 5 others
  23. Mar
    Across ProtocolToken sale · US$41MWith 4 others
  24. Mar
    CivicVenture · US$25KWith 5 others
  25. Jan
    Merit SystemsSeed · US · TechStartups$10MLed
  26. Jan
    BounceBitVenture · SGUndisclosedWith 1 other
  27. 2024

    20 rounds

  28. Dec
    Lens ProtocolVenture · KY$31MWith 4 others
  29. Oct
    CelestiaSeries B · LI · AlleyWatch$100MWith 7 others
  30. Oct
    BlueskySeries A · US · TechCrunch$15MLed
  31. Oct
    Yellow CardSeries C · NG · Disrupt Africa$33MLed
  32. Oct
    AZA FinanceGrant$100KWith 5 others
  33. Oct
    BlockstreamUS$210MWith 6 others
  34. Sept
    BSXVenture · KYUndisclosedWith 2 others
  35. Aug
    Fabric CryptographySeries A · US$33MWith 3 others
  36. Aug
    AlphaPointVenture · USUndisclosedWith 4 others
  37. Aug
    Gameplay GalaxySeed · US$11MWith 4 others
  38. Jul
    QED ProtocolSeed · HK$6.0MWith 2 others
  39. May
    TokuVenture · SGUndisclosedWith 3 others
  40. Apr
    Community LabsVenture · US$35MWith 3 others
  41. Apr
    UbitexSeries A · GB$20MWith 1 other
  42. Mar
    Eigen CloudSeed · US$1.3MWith 3 others
  43. Mar
    Custodia BankSeries A · US$2.9MWith 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration10 named

ALAleks LarsenMANAGING DIRECTORiFiling they signed
APAnthony Peter SchmidtChief Operating Officer and Operating PartneriForm ADV
HJHerbert J RiveraGeneral CounseliForm ADV
KSKinjal ShahMANAGING DIRECTORiFiling they signed
PBP. Bartlett StephensManaging Member of Blockchain Capital, LLC - the General Partner of the GPiFiling they signed
PBPaul Bartlett StephensMemberiForm ADV
SBSpencer Bradford BogartMANAGING DIRECTORiFiling they signed
WBW. Bradford StephensManaging Member of Blockchain Capital, LLC - the General Partner of the GPiFiling they signed
WBWilliam Bradford StephensMemberiForm ADV
ZAZalia AlirizaChief Compliance Officer, Chief Financial Officer, Operating PartneriForm ADV

We also hold 38 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.9Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Blockchain Capital, LLC
SEC number
CRD 283610

Funds on its Form ADV

10 private funds, $2.4B in gross assets · filed Oct 2024

  1. BCAP Oppfund, L.P.Venture182 investors$723M
  2. Blockchain Capital IV, L.P.Venture99 investors$494M
  3. BCAP VI QP, L.P.Venture232 investors$419M
  4. Blockchain Capital V QP, L.P.Venture256 investors$326M
  5. Crypto Currency Partners II, L.P.Venture59 investors$140M
  6. Blockchain Capital III Digital Liquid Venture Fund, L.P.Venture1 investor$119M
  7. Blockchain Capital Parallel IV, L.P.Venture2 investors$107M
  8. Blockchain Capital V, L.P.Venture27 investors$13M
  9. Crypto Currency Partners, L.P.Venture21 investors$9.0M
  10. BCAP VI, L.P.Venture21 investors$5.4M

What they claim to have backed

From their own portfolio page (on their website)

33 of 60 we have independently watched raise

1inch Exchange DeFiAFTR Market Decentralized infraAbra CeFiAlphapointAnchorage Digital CeFiBitGo CeFiBitwave Centralized infraBlocknative Centralized infraBlockstream Centralized infraCamp Decentralized infraCatapult ConsumerCelestia Decentralized infraChainflip Decentralized infraCoinList CeFi SeedCommunity Labs Decentralized infraCustodia Bank Centralized infraHigh Fidelity ConsumerItBit CeFiKraken CeFiOasis Labs Decentralized infraOneBalance Centralized infraOpenSea ConsumerParallel Finance DeFiPhi Labs Decentralized infraPolymarket Consumer GrowthPolymer Decentralized infraQED Decentralized infraRISC Zero Decentralized infraRadar DeFiSecuritize CeFiSpatial Labs ConsumerTRM Centralized infraYellow Card CeFi=nil; Foundation Decentralized infraAave DeFiAcadarena GamingAcross DeFiArDrive Decentralized infraArweave Decentralized infraBCAP IRBSX DeFiBadgerDAO DeFiBalancer DeFiBisonTrails Centralized infraBitPesa Centralized infraBitwise CeFiBoto Centralized infraBounce Finance DeFiButton DeFiChain Centralized infraChangeTip ConsumerCircle CeFiComposable Finance DeFiCowSwap DeFiCurrents.fm ConsumerEigenLayer Decentralized infraEspresso Decentralized infraFabric Cryptography Decentralized infraForta Decentralized infraFund Reviewsand 44 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

AuthyBought by TwilioUndisclosedFeb 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Blockchain Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Blockchain Capital put money into.

On podcasts

1 episode naming Blockchain Capital in the title, and 3 more that mention it.

Mentioned in

Quick answers about Blockchain Capital

What does Blockchain Capital invest in?

Blockchain Capital invests most often at Venture and Seed (67% of the rounds on record), in sectors such as Crypto, Defi and Cefi.

How active is Blockchain Capital?

129 investments on record, 11 of them in the last 12 months, and it led 9. The most recent was in Oct 2026.

What has Blockchain Capital invested in recently?

Its most recent investments on record: PhotonPay (Series C, Oct 2026), Predicate (Series A, Oct 2026) and NG.CASH (Undisclosed round, Sept 2026).

How big are Blockchain Capital's cheques?

The median round it joins is $15M.

Does Blockchain Capital lead rounds?

Sometimes: it led 9 of its 129 investments on record (7%).

Where does Blockchain Capital invest?

Most of the companies it backs are in the United States (61%), Cayman Islands (8%) and Singapore (8%).

Is Blockchain Capital investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

Who does Blockchain Capital invest alongside?

Most often Coinbase Ventures (17 rounds together), Y Combinator (15 rounds together) and Pantera Capital (11 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it