# Blockchain Capital: portfolio, investments and team > Blockchain Capital is a vc firm based in United States. 129 investments on record, 11 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/blockchain-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Blockchain Capital Last cheque observed Oct 2026; 129 cheques on record. Email Deploying now New fund $288M, Mar 2026 VC firm Seed Series A Series B Crypto Defi Cefi Follow Blockchain Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fblockchain-capital) Deploying now **52%** of best year **11** **cheques in 12 months**, 129 on record Since the last cheque **2** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **9 of 129** Sole investor **9 rounds** Exits **1 from the portfolio** Mostly in **United States, 61%** Pitch Blockchain Capital ## Blockchain Capital highlights - 01 11 cheques in the last 12 months - 02 Mostly Venture and Seed: 67% of its rounds - 03 Sole investor in 9 rounds, median $5.3M - 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:** Seed Series A Series B Growth - **Sectors:** Crypto Defi Cefi - **Based in:** San Francisco, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **129 appearances** - **2026** 10 rounds - **Oct** **[PhotonPay](https://millionrounds.com/company/photonpay)** Series C · HK · Google News search **$40M** *Led* - **Oct** **[Predicate](https://millionrounds.com/company/predicate)** Series A · Google News search **$8.0M** *Led* - **Sept** **[NG.CASH](https://millionrounds.com/company/ng-cash)** BR · LatamList **$15M** *Led* - **Sept** **[Kraken](https://millionrounds.com/company/kraken)** Venture · GB **$100M** With 3 others - **Sept** **[Tare](https://millionrounds.com/company/tare)** Seed · US **$13M** With 2 others - **Aug** **[Yellow Card](https://millionrounds.com/company/yellow-card)** Series C · NG · Convergence Partners **$40M** With 8 others - **May** **[Templum](https://millionrounds.com/company/templum)** Venture · US **$14M** With 3 others - **Apr** **[Drift](https://millionrounds.com/company/drift)** Debt · AU **$100M** With 3 others - **Mar** **[Bluesky](https://millionrounds.com/company/bluesky)** Series B · US · TechCrunch **$100M** With 8 others - **Feb** **[TRM Labs](https://millionrounds.com/company/trm-labs)** Series C · US · TechStartups **$70M** *Led* - **2025** 14 rounds - **Dec** **[Button](https://millionrounds.com/company/button)** Seed · US **$5.1M** With 2 others - **Oct** **[Securitize](https://millionrounds.com/company/securitize)** Venture · US **Undisclosed** With 4 others - **Oct** **[Allora Labs](https://millionrounds.com/company/allora-labs)** Venture · US **$35M** With 5 others - **Aug** **[Levr Bet](https://millionrounds.com/company/levr-bet)** Seed · US **$3.0M** With 3 others - **Jun** **[EigenLabs](https://millionrounds.com/company/eigenlabs)** Venture · US **$70M** With 4 others - **Jun** **[OneBalance](https://millionrounds.com/company/onebalance)** Series A · KY **$20M** With 2 others - **Apr** **[Camp Network](https://millionrounds.com/company/camp-network)** Series A · US **$25M** With 2 others - **Apr** **[Tally](https://millionrounds.com/company/tally)** Series A · US **$8.0M** With 3 others - **Mar** **[Solv Protocol](https://millionrounds.com/company/solv-protocol)** Venture · SG **$10M** With 5 others - **Mar** **[SFOX](https://millionrounds.com/company/sfox)** Venture · US **Undisclosed** With 5 others - **Mar** **[Across Protocol](https://millionrounds.com/company/across-protocol)** Token sale · US **$41M** With 4 others - **Mar** **[Civic](https://millionrounds.com/company/civic)** Venture · US **$25K** With 5 others - **Jan** **[Merit Systems](https://millionrounds.com/company/merit-systems)** Seed · US · TechStartups **$10M** *Led* - **Jan** **[BounceBit](https://millionrounds.com/company/bouncebit)** Venture · SG **Undisclosed** With 1 other - **2024** 20 rounds - **Dec** **[Lens Protocol](https://millionrounds.com/company/lens-protocol)** Venture · KY **$31M** With 4 others - **Oct** **[Celestia](https://millionrounds.com/company/celestia)** Series B · LI · AlleyWatch **$100M** With 7 others - **Oct** **[Bluesky](https://millionrounds.com/company/bluesky)** Series A · US · TechCrunch **$15M** *Led* - **Oct** **[Yellow Card](https://millionrounds.com/company/yellow-card)** Series C · NG · Disrupt Africa **$33M** *Led* - **Oct** **[AZA Finance](https://millionrounds.com/company/aza-finance)** Grant **$100K** With 5 others - **Oct** **[Blockstream](https://millionrounds.com/company/blockstream)** US **$210M** With 6 others - **Sept** **[BSX](https://millionrounds.com/company/bsx)** Venture · KY **Undisclosed** With 2 others - **Aug** **[Fabric Cryptography](https://millionrounds.com/company/fabric-cryptography)** Series A · US **$33M** With 3 others - **Aug** **[AlphaPoint](https://millionrounds.com/company/alphapoint)** Venture · US **Undisclosed** With 4 others - **Aug** **[Gameplay Galaxy](https://millionrounds.com/company/gameplay-galaxy)** Seed · US **$11M** With 4 others - **Jul** **[QED Protocol](https://millionrounds.com/company/qed-protocol)** Seed · HK **$6.0M** With 2 others - **May** **[Toku](https://millionrounds.com/company/toku)** Venture · SG **Undisclosed** With 3 others - **Apr** **[Community Labs](https://millionrounds.com/company/community-labs)** Venture · US **$35M** With 3 others - **Apr** **[Ubitex](https://millionrounds.com/company/ubitex)** Series A · GB **$20M** With 1 other - **Mar** **[Eigen Cloud](https://millionrounds.com/company/eigen-cloud)** Seed · US **$1.3M** With 3 others - **Mar** **[Custodia Bank](https://millionrounds.com/company/custodia-bank)** Series A · US **$2.9M** With 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 registration **10 named** AL **Aleks Larsen** MANAGING DIRECTOR i Filing they signed AP **Anthony Peter Schmidt** Chief Operating Officer and Operating Partner i Form ADV HJ **Herbert J Rivera** General Counsel i Form ADV KS **Kinjal Shah** MANAGING DIRECTOR i Filing they signed PB **P. Bartlett Stephens** Managing Member of Blockchain Capital, LLC - the General Partner of the GP i Filing they signed PB **Paul Bartlett Stephens** Member i Form ADV SB **Spencer Bradford Bogart** MANAGING DIRECTOR i Filing they signed WB **W. Bradford Stephens** Managing Member of Blockchain Capital, LLC - the General Partner of the GP i Filing they signed WB **William Bradford Stephens** Member i Form ADV ZA **Zalia Aliriza** Chief Compliance Officer, Chief Financial Officer, Operating Partner i Form 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 **$2.9B** assets it manages Oct 2026 **Registered** investment adviser full 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 - BCAP Oppfund, L.P. *Venture* 182 investors $723M - Blockchain Capital IV, L.P. *Venture* 99 investors $494M - BCAP VI QP, L.P. *Venture* 232 investors $419M - Blockchain Capital V QP, L.P. *Venture* 256 investors $326M - Crypto Currency Partners II, L.P. *Venture* 59 investors $140M - Blockchain Capital III Digital Liquid Venture Fund, L.P. *Venture* 1 investor $119M - Blockchain Capital Parallel IV, L.P. *Venture* 2 investors $107M - Blockchain Capital V, L.P. *Venture* 27 investors $13M - Crypto Currency Partners, L.P. *Venture* 21 investors $9.0M - BCAP VI, L.P. *Venture* 21 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 DeFi](https://millionrounds.com/company/1inch)[AFTR Market Decentralized infra](https://millionrounds.com/company/aftr)[Abra CeFi](https://millionrounds.com/company/abra)[Alphapoint](https://millionrounds.com/company/alphapoint)[Anchorage Digital CeFi](https://millionrounds.com/company/anchorage)[BitGo CeFi](https://millionrounds.com/company/bitgo)[Bitwave Centralized infra](https://millionrounds.com/company/bitwave)[Blocknative Centralized infra](https://millionrounds.com/company/blocknative)[Blockstream Centralized infra](https://millionrounds.com/company/blockstream)[Camp Decentralized infra](https://millionrounds.com/company/camp-network)[Catapult Consumer](https://millionrounds.com/company/catapult)[Celestia Decentralized infra](https://millionrounds.com/company/celestia)[Chainflip Decentralized infra](https://millionrounds.com/company/chainflip)[CoinList CeFi Seed](https://millionrounds.com/company/coinlist)[Community Labs Decentralized infra](https://millionrounds.com/company/community-labs)[Custodia Bank Centralized infra](https://millionrounds.com/company/custodia-bank)[High Fidelity Consumer](https://millionrounds.com/company/high-fidelity)[ItBit CeFi](https://millionrounds.com/company/paxos)[Kraken CeFi](https://millionrounds.com/company/kraken)[Oasis Labs Decentralized infra](https://millionrounds.com/company/oasis-labs)[OneBalance Centralized infra](https://millionrounds.com/company/onebalance)[OpenSea Consumer](https://millionrounds.com/company/opensea)[Parallel Finance DeFi](https://millionrounds.com/company/parallel)[Phi Labs Decentralized infra](https://millionrounds.com/company/phi-labs)[Polymarket Consumer Growth](https://millionrounds.com/company/polymarket)[Polymer Decentralized infra](https://millionrounds.com/company/polymer-labs)[QED Decentralized infra](https://millionrounds.com/company/qed-protocol)[RISC Zero Decentralized infra](https://millionrounds.com/company/risc-zero)[Radar DeFi](https://millionrounds.com/company/core-scientific)[Securitize CeFi](https://millionrounds.com/company/securitize)[Spatial Labs Consumer](https://millionrounds.com/company/s-labs)[TRM Centralized infra](https://millionrounds.com/company/trm-labs)[Yellow Card CeFi](https://millionrounds.com/company/yellow-card) =nil; Foundation Decentralized infra Aave DeFi Acadarena Gaming Across DeFi ArDrive Decentralized infra Arweave Decentralized infra BCAP IR BSX DeFi BadgerDAO DeFi Balancer DeFi BisonTrails Centralized infra BitPesa Centralized infra Bitwise CeFi Boto Centralized infra Bounce Finance DeFi Button DeFi Chain Centralized infra ChangeTip Consumer Circle CeFi Composable Finance DeFi CowSwap DeFi Currents.fm Consumer EigenLayer Decentralized infra Espresso Decentralized infra Fabric Cryptography Decentralized infra Forta Decentralized infra Fund Reviews and 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 listed **1 in all** **[Authy](https://millionrounds.com/company/authy)** Bought by [Twilio](https://millionrounds.com/fund/twilio-fund) **Undisclosed** Feb 2015 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$288M** raised in Mar 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$15M** the round, not its cheque Alone, median **$5.3M** Led 9 of 129 rounds **7%** - **Sole investor:** 9 rounds - **Last cheque:** Oct 2026 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Venture *38* - Seed said *38* - Series A said *27* - Series C *6* - Series B said *5* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Coinbase Ventures](https://millionrounds.com/fund/coinbase) 17 - [Y Combinator](https://millionrounds.com/fund/y-combinator) 15 - [Pantera Capital](https://millionrounds.com/fund/pantera-capital) 11 - [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) 10 - [Polychain](https://millionrounds.com/fund/polychain) 9 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 8 **Pitching Blockchain Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Coinbase Ventures** Corporate VC **17** rounds together](https://millionrounds.com/fund/coinbase)[**Y Combinator** Accelerator **15** rounds together](https://millionrounds.com/fund/y-combinator)[**Pantera Capital** VC firm **11** rounds together](https://millionrounds.com/fund/pantera-capital)[**Digital Currency Group** VC firm **10** rounds together](https://millionrounds.com/fund/digital-currency-group)[**Polychain** VC firm **9** rounds together](https://millionrounds.com/fund/polychain)[**Andreessen Horowitz** VC firm **8** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**CMT Digital** VC firm **7** rounds together](https://millionrounds.com/fund/cmt-digital)[**Protocol Labs** Corporate VC **6** rounds together](https://millionrounds.com/fund/protocol-labs)[**500 Global** Angel **5** rounds together](https://millionrounds.com/fund/500-startups)[**Alumni Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**AngelList** Angel network **5** rounds together](https://millionrounds.com/fund/angellist)[**Plug and Play** Accelerator **5** rounds together](https://millionrounds.com/fund/plug-and-play) ## Recently backed The latest companies Blockchain Capital put money into. [**PhotonPay** $40M · Oct 2026](https://millionrounds.com/company/photonpay)[**Predicate** $8.0M · Oct 2026](https://millionrounds.com/company/predicate)[**NG.CASH** $15M · Sept 2026](https://millionrounds.com/company/ng-cash)[**Kraken** $100M · Sept 2026](https://millionrounds.com/company/kraken)[**Tare** $13M · Sept 2026](https://millionrounds.com/company/tare)[**Yellow Card** $40M · Aug 2026](https://millionrounds.com/company/yellow-card) ## On podcasts 1 episode naming Blockchain Capital in the title, and 3 more that mention it. - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 27 May 2023 · 44 min Explaining Blockchain Capital's Big Bet on an Eyeball-Scanning Orb Mentions [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital)[Spencer Bogart](https://millionrounds.com/person/spencer-bogart) Apple Podcasts ### Mentioned in - [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 7 Feb 2020 · 58 min The State of Crypto in 2020 with Spencer Bogart and Brayton Williams Apple PodcastsShow page - [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 22 Aug 2018 · 1h 19m Crypto Stories: Bill Tai and Derek Hsue on Mining, Exchanges and the History and Future of Money Apple PodcastsShow page - [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 13 Aug 2018 · 1h 4m Crypto Stories: Jimmy Song on Bitcoin, Hard Money, and Decentralization Apple PodcastsShow page ## 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. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=blockchain-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=blockchain-capital)