BLOCKFI
BlockFi is a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets. Their products bring additional liquidity to the blockchain asset sector and meet the needs of both individuals and institutions holding blockchain assets. BlockFi holds clients' Bitcoin and Ether with a registered custodian and issues loans in USD to their bank accounts. Currently operating in beta launch, lending in 35 US states to retail investors and companie... s. BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe. They leverage a sophisticated infrastructure that integrates with multiple blockchains, they plan to expand their product set based on their retail and institutional client's needs.
BLOCKFI
Industry:
Bitcoin Blockchain Consumer Lending Cryptocurrency FinTech
Founded:
2017-08-01
Status:
Active
Contact:
646-779-9688
Total Funding:
1.41 B USD
Technology used in webpage:
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Current Advisors List
Board_observer
2008-12-01
Board_member
Current Employees Featured
Flori Marquez Co-Founder & SVP of Operations @ BlockFi
Co-Founder & SVP of Operations
2017-10-01
Rene van Kesteren GM of Institutions @ BlockFi
GM of Institutions
2018-05-01
Mahesh Paolini-Subramanya CTO @ BlockFi
CTO
2018-01-01
Zac Prince Founder & CEO @ BlockFi
Founder & CEO
2017-06-01
Wittney Rachlin Chief Growth Officer @ BlockFi
Chief Growth Officer
Justin Pease VP, Engineering @ BlockFi
VP, Engineering
2020-06-01
Russell Smith VP User Acquisition @ BlockFi
VP User Acquisition
2021-02-18
John Bekas VP of Product Delivery, Mobile & Web @ BlockFi
VP of Product Delivery, Mobile & Web
2021-03-01
David Olsson Managing Director of Europe and Asia @ BlockFi
Managing Director of Europe and Asia
Brad Michelson Director of Growth and Customer Acquisition @ BlockFi
Director of Growth and Customer Acquisition
2018-01-01
Founder
Investors List
FTX US
FTX US investment in Debt Financing - BlockFi
Investlink Holdings
Investlink Holdings investment in Series E - BlockFi
Alumni Ventures
Alumni Ventures investment in Series E - BlockFi
Empede Capital
Empede Capital investment in Series E - BlockFi
John Fontein
John Fontein investment in Series E - BlockFi
Rose Park Advisors
Rose Park Advisors investment in Series E - BlockFi
Definitive Capital
Definitive Capital investment in Series E - BlockFi
CMS Holdings
CMS Holdings investment in Series D - BlockFi
Gaingels
Gaingels investment in Series D - BlockFi
Valar Ventures
Valar Ventures investment in Series D - BlockFi
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2022-07-14 | Supermojo | BlockFi investment in Seed Round - Supermojo | 6 M USD |
| 2022-05-16 | Elwood Technologies | BlockFi investment in Series A - Elwood Technologies | 70 M USD |
| 2022-04-26 | GamerGains Lab | BlockFi investment in Seed Round - GamerGains Lab | 5.8 M USD |
| 2022-04-06 | Coin Metrics | BlockFi investment in Series C - Coin Metrics | 35 M USD |
| 2022-03-15 | Hex Trust | BlockFi investment in Series B - Hex Trust | 61 M USD |
| 2022-02-16 | Trace Finance | BlockFi investment in Seed Round - Trace Finance | 4.3 M USD |
| 2021-11-08 | Notabene | BlockFi investment in Series A - Notabene | 10.2 M USD |
| 2021-10-28 | Elementus | BlockFi investment in Series A - Elementus | 12 M USD |
| 2021-09-26 | Yellow Card | BlockFi investment in Series A - Yellow Card | 15 M USD |
| 2021-06-08 | Blockdaemon | BlockFi investment in Series A - Blockdaemon | 28 M USD |
Newest Events participated
Key Employee Changes
| Date | New article |
|---|---|
| 2022-01-11 | Deborah Barta Joins BlockFi as Chief Operating Officer |
| 2020-07-09 | BlockFi is looking to hire a CFO ahead of possible IPO in 2021 |
More informations about "BlockFi"
BlockFi - Wikipedia
BlockFi was a digital asset lender founded by Zac Prince and Flori Marquez in 2017. It was based in Jersey City, New Jersey. It was once valued at $3 billion. In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million. The deal included a $400 million credit facility for the company. See details»
Kroll Restructuring Administration
BlockFi - Crunchbase Investor Profile & Investments
BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and …See details»
What Happened to Blockfi? Bankruptcy Explained in Simple Terms
Jun 29, 2024 BlockFi indicated that it was unlikely to fully repay customers who had interest-bearing accounts, with estimated recoveries ranging from 39.4% to 100% . Are There Any …See details»
BlockFi FTX Settlement Major Step in Bankruptcy …
Aug 9, 2024 Fast forward to July 25, 2024, BlockFi announced the completion of the sale of its FTX claims, marking a crucial step towards its wind-down.The recent settlement represents a critical milestone in BlockFi’s bankruptcy …See details»
BlockFi Wins Court Approval to Fully Repay Customers …
On July 25, 2024, BlockFi announced it had sold its claims against FTX to a third-party claims purchaser. This transaction, part of a broader settlement, included secured, unsecured, and customer claims executed at a premium over their …See details»
BlockFi’s Rise and Fall: A Timeline - CoinDesk
Nov 30, 2022 BlockFi, a crypto lending company, was founded in October 2017 and filed for bankruptcy in November, 2022 in the wake of FTX's collapse. BTC $96,319.45-0.46 % ETH $1,828.73-0.29 % USDTSee details»
Crypto firm BlockFi files for bankruptcy after FTX collapse
Nov 28, 2022 In a court filing, New Jersey-based BlockFi said it owed money to more than 100,000 creditors. It listed crypto exchange FTX as its second-largest creditor, with $275m owed on a loan extended ...See details»
BlockFi Company Profile - Office Locations, Competitors ... - Craft
Mar 11, 2021 BlockFi is a secured non-bank lender that offers USD loans to cryptoasset owners. The company also develops an online platform for offering loans and calculation of interest …See details»
BlockFi - MarketsWiki, A Commonwealth of Market Knowledge
BlockFi is a New York City-based start-up cryptocurrency financial institution. It lends U.S. dollars against bitcoin and other cryptocurrency collateral, as well as accepting deposits of …See details»
BlockFi emerges from bankruptcy less than a year after FTX collapse
Oct 24, 2023 Read more: Former BlockFi CEO blames FTX, Alameda for bankruptcy: SBF trial live updates. The assets will be distributed from the winding down of the BlockFi estate. In late …See details»
BlockFi | Company Overview & News - Forbes
Fashioning itself as a crypto wealth manager, BlockFi offers its 300,000 account holders crypto-collateralized loans at interest rates as low as 4.5% and up to 8.6% annual return on their …See details»
California 'Swiftly' Shuts Down BlockFi—Only Two Years After …
Nov 10, 2024 In July 2022, BlockFi had provided FTX US with a $400 million line of credit and held an additional $275 million loan with the exchange, making FTX one of BlockFi’s largest …See details»
The Rise and Fall of BlockFi - by Dan Held - The Held Report
Jul 2, 2022 BlockFi is a financial platform that allows retail traders to lend their crypto to earn a yield, or borrow against their crypto to get a fiat loan. The company was founded in August …See details»
BlockFi’s bankruptcy proceedings ‘golden standard’ compared to …
Sep 17, 2024 Kanowitz called BlockFi the “golden standard” when it comes to crypto bankruptcies due to the organization of the team, which was also partially thanks to Grishman. …See details»
Coinbase to Take the Reins as BlockFi Announces Shutdown
May 10, 2024 The plan includes BlockFi as a “key stakeholder.” FTX’s repayment to BlockFi will be based on the previously approved settlement. BlockFi reached a principal settlement with …See details»
BlockFi - Funding, Financials, Valuation & Investors - Crunchbase
How much funding has this organization raised over time? Show . Announced Date . Transaction Name . Number of Investors . Money Raised . Lead Investors ... BlockFi has raised a single …See details»
BlockFi Leaders, Account Customers Reach $13 Million Class Deal
Feb 5, 2025 The founders and several other directors and executives of now-bankrupt BlockFi Inc. have agreed to pay a class of interest account holders more than $13 million to settle …See details»
California revokes BlockFi’s lending license 2 years after bankruptcy
Nov 8, 2024 BlockFi was estimated to owe as much as $10 billion to more than 100,000 creditors in April 2023. Magazine: Real life yield farming: How tokenization is transforming …See details»
BlockFi Administrator Submits Plan in Court to Make ... - CoinDesk
Jul 23, 2024 "This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc. …See details»