ParaFi Raises $125 Million for New Venture Fund

ParaFi, a digital asset management firm based in New York, successfully raised $125 million in March for a new venture fund. Bloomberg posted on X, highlighting that the firm is backed by notable investors, including Henry Kravis, co-founder of KKR. The fund aims to invest in innovative projects within the digital asset space, reflecting growing interest and confidence in the sector. This development underscores the increasing involvement of traditional finance figures in the digital asset industry, as they seek to capitalize on emerging opportunities.