BlockFi is one of the popular DeFi lending, trading and asset management platform on the web. It has been seen advertising on popular browser platform like Brave for over a year. They have been working pretty hard behind the scenes and have managed to increase the funding in their platform.
Recently the company has successful to raise the $350 million Series D Funding Round. The funding investors include some of the known investor companies like - Tiger Global, Pomp Investments, DST Global and Bain Capital Ventures. Team behind BlockFi tweeted about their funding round on twitter few hours ago.
The company plans to continue it's investment into the asset management and trading. In the last funding C round they already mentioned about they entering into the trust funds with BlockFi Bitcoin trust fund. And they may likely to also release the BlockFi credit card too. It has also started recruiting the people and likely to increase their size of team to 1000 by the year end.
For those who are already invested into their platform can rest assure that now that they have funding, the company would continue to work strong from here onwards. You can expect few more service and product changes that are likely to happen in few months or weeks depending on how they plan on user acquisition and push the crypto adoption.