This article comes fromThe Block, original author: Yogita Khatri

Odaily Translator |

Summary:

• This article comes from

• , original author: Yogita Khatri

• Odaily Translator |

secondary title

Summary:

Crypto hedge fund Three Arrows Capital invested in BlockFi.

The fund purchased BlockFi shares from Able Partners.

"BlockFi's growth rate is impressive, and we look forward to helping drive the company's growth in global markets," said Su Zhu.Crypto lender BlockFi hopes to have a bigger presence in Asia, reporting a doubling of revenue in the past two months.Singapore-based crypto hedge fund Three Arrows Capital, co-founded by Su Zhu and Kyle Davies, has invested an undisclosed amount in BlockFi, perhaps in a sign of the firm’s focus on Asian markets.

Announcing the news on Thursday (April 9), BlockFi said that Three Arrows Capital, which has been a client for almost a year, has now become an investor through a secondary market transaction. A BlockFi spokesperson told The Block that investment fund Able Partners sold a stake in BlockFi to Three Arrow Capital.

Three Arrow Capital's investment in BlockFi follows BlockFi's $30 million Series B round in February this year. A BlockFi spokesperson said the company’s monthly revenue has doubled since its Series B round.

Able Partners Partner Amanda Eilian confirmed the deal, "Able Partners is proud to fund BlockFi through our Wingable accelerator program for female founders, which we launched in 2018. Outside of our accelerator, Able Partners is focused on supporting 'active Positive Living' companies helping them close the Wellness Gap. While BlockFi isn't at the heart of the conversation, we're excited to support Flori Marquez, Zac Prince, and the entire BlockFi team as they make amazing progress. " (Odaily Note: According toAble Partners Official"Active living" refers to making consumers' daily lives healthier, happier and more meaningful. The "health gap" describes the disconnect between economic growth and well-being. While US GDP per capita continues to climb, the data show a sharp decline in people's physical and mental health. Able Partners hopes to close health disparities by backing early-stage brands focused on mental health, parenting and more. )

Su Zhu, co-founder and CEO of Three Arrows Capital, said, "Our relationship with BlockFi is very good. When we have the opportunity to participate more at the investor level, the answer is obvious. BlockFi's growth rate makes Impressive, and we look forward to helping propel the company forward in global markets."

The company's revenue grew more than 20-fold in 2019

according to, currently has more than $650 million in assets on the platform.secondary title

Previously, BlockFi completed a US$18.3 million Series A round of financing around August 2019, and raised US$50 million from Galaxy Digital in the form of a loan facility in July 2018; Converted debt instruments raised $4 million, and earlier in 2019 Coinbase Ventures also conducted an undisclosed capital increase.