Blockchain Capital

Blockchain Capital, founded in 2013, is the longest-standing venture capital firm dedicated exclusively to the cryptocurrency and blockchain ecosystem. The firm invests across the entire crypto stack—from DeFi protocols and decentralized infrastructure to consumer applications, CeFi, identity, and gaming—believing that blockchain technology will fundamentally reshape how value is transferred, stored, and transacted globally. With over $2 billion in AUM and 100+ portfolio companies, their approach is multi-stage and conviction-driven, backing founders through multiple market cycles rather than chasing trends. General Partner Spencer Bogart has articulated a contrarian thesis around 'net-new' products: the most significant opportunities of the next decade will involve products that could only exist after the development of programmable assets—not better versions of what traditional finance already offers, but entirely new categories. The firm sees stablecoins and prediction markets as foundational mega-trends, and frames the current moment as 'The Great Repricing'—a period where the market sorts out which tokens genuinely accrue value through utility and network effects versus financial engineering.