Digital asset management firm ParaFi has raised $125 million for its new fund.

According to ME News, on March 24th (UTC+8), New York-based digital asset management firm ParaFi raised $125 million for its new fund in March, backed by KKR co-founder Henry Kravis. ParaFi stated that since the beginning of 2025, it has raised $325 million for its existing digital asset-related investment strategies. Currently, the company manages approximately $2 billion in assets. Founder Ben Forman stated that ParaFi is already an investor in prediction market giant Polymarket, asset management firm Bitwise, and crypto custody provider Anchorage, and is currently focused on companies active in the stablecoin, tokenization, and institutional on-chain finance sectors. (Source: ME)