Existing investor Consensys returned for a $52.5m round that will help the crypto-to-dollar lender expand into new areas.
BlockFi, the US-based operator of a cryptocurrency-based lending platform, received $52.5m in funding from investors including blockchain software provider Consensys on Tuesday.
Blockchain and cryptocurrency-focused investment firm Galaxy Digital Ventures led the round, which also featured venture capital firm PJC.
Founded in 2017, BlockFi has built an online platform that enables individuals or organisations the opportunity to issue dollar-based loans using their holdings in digital currencies such as Bitcoin or Ether.
The company claims to offer the lowest rate for…
