• Fidelity BlockFi partner custody
    Cryptocurrencies

    BlockFi raises $50M as revenue increases tenfold

    The DeFi firm, which offers crypto-backed loans and savings accounts, is planning to launch a credit card that offers Bitcoin rewards in the near future

    Crypto lending firm BlockFi has raised $50 million in a funding round led by Morgan Creek Digital—with Winklevoss Capital, two university endowments, and the NBA player Matthew Dellavedova among the participating investors.