Blockchain Capital, a crypto-focused investment firm, has defied the depressed market to raise $580 million for two new funds. The funding is split between $380 million for its sixth early-stage fund, which will focus on newer companies and protocols in pre-seed and Series A rounds, and $200 million for its opportunities fund, which will target late-stage investments from Series B onward. The amount raised suggests there remains an appetite for investment, despite the relatively subdued state of the digital asset market for much of the past year. Most of Blockchain Capital's limited partners are traditional institutional investors.
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