Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 十亿, offering further insights into the growth of crypto-focused companies.

公司, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure the capital raise, according to technology publication The Information. New York-based hedge fund Third Point Management and Hedosophia, a London-based venture capital firm, are reportedly leading the new funding round.

The same report indicates that the latest funding round has not closed, which means BlockFi’s desired $5 billion valuation could grow.

正如Cointelegraph报道, BlockFi raised $350 million in Series D financing earlier this year, building on the $100 million it raised via three earlier funding rounds. The platform has been a source of growth and adoption during the crypto bull market, which saw digital lending products reach the mainstream.

BlockFi manages more than $15 billion in assets. During the height of crypto euphoria earlier this year, BlockFi clients were earning record interest payments on their Bitcoin (比特币), 醚 (ETH) and stablecoin holdings.

Even during the latest crypto market collapse, blockchain startups continue to be a source of capital accumulation. Venture capitalists have invested over $16 billion in blockchain equity since 2012, with the pace of investments seemingly growing over the past year as more institutional players pivot toward the space.