Hedge fund Three Arrows Capital strategic investment in cryptocurrency lending platform BlockFi

Cryptocurrency lending platform BlockFi announced that it has obtained a strategic investment from Three Arrows Capital. After the completion of BlockFi ’s $ 30 million Series B financing, Three Arrows Capital acquired shares from other BlockFi investors. The investment amount was not disclosed. Three Arrows Capital is a hedge fund management company focused on emerging markets. It was founded by hedge fund managers Su Zhu and Kyle Davies. The company is also one of BlockFi’s institutional clients. Su Zhu said, “BlockFi is growing at an alarming rate, and we look forward to helping promote the company’s expansion in the global market.” BlockFi is a platform that provides digital asset financial services. Recently, it has just raised the interest rate of interest-bearing accounts, and customers are saving bits. Coins can obtain an annualized return of 6%, and savings such as USDC or GUSD can obtain an annualized return of 8.6%. Lianwen previously reported that BlockFi received $ 30 million in financing led by Valar Ventures at the beginning of the year. Other investors include Morgan Creek Digital, Avon Ventures, Winklevoss Capital and HashKey. One of the co-founders of Valar Ventures is the co-founder of Paypal Peter Thiel.