Three Arrows Capital Invests In BlockFi After Its Series B Round

BlockFi announced today, via a press release, that it has brought on Three Arrows Capital as a strategic investor to the company. Three Arrows Capital, based in Singapore, is a registered hedge fund and cryptocurrency investor. BlockFi, a financial services company that specializes in crypto lending, aggressively wants to expand into global markets.

BlockFi did not comment on the size of the investment.

Flori Marquez, co-founder and Vice-President of Operations for BlockFi, said in an interview, “In the near term this will help us reach additional institutional lenders, but over the long term we hope it will help with our retail expansion outside of the U.S.” Ms. Marquez also discussed the opportunity to expand into the Asian Pacific Region with the support of a regionally based partner. She went on, “We have plans for opening an office in Singapore that will cater specifically to this audience.”

“In being an institutional client of BlockFi, we quickly recognized that the company’s mission of helping to expand the cryptocurrency ecosystem aligned with our philosophy for the space,” said Su Zhu, co-founder and CEO of Three Arrows Capital. “We have had a great relationship with BlockFi and when presented an opportunity to become more involved on the investor level, the answer was evident. BlockFi has grown at an impressive rate and we are looking forward to helping propel the company forward in global markets.”

Zac Prince, CEO and co-founder of BlockFi said, “Bringing on Su Zhu and the team at Three Arrows Capital aligns well with our focus on the international expansion of our institutional services offering – which is one of our strategic initiatives for this year.”

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