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The Venture Codex

Blockchain Capital

440 Pacific Avenue, San Francisco, CA, 94133, United States

Overview

Blockchain Capital helps entrepreneurs build companies and projects based on blockchain technology. The firm provides founders with capital, domain expertise, partnerships, recruiting, and strategy. Blockchain Capital is an active venture investor in the blockchain industry and has financed 170+ companies and projects since its inception. Blockchain Capital invests in both equity and tokens and is a multi-stage investor.

Total investments
96
Lead investments
43
Investments · 12mo
5
Active investors
9

Sector focus

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Finance
  • FinTech
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Investment portfolio

  • Yellow Card

    Participated · Equity · Aug 2026

    Yellow Card builds stablecoin payment infrastructure and Global USD Accounts that let businesses hold U.S. dollars, manage treasury operations, swap stablecoins and send or receive local-currency payments across its network. The company has processed more than $10 billion in transactions, supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa. It counts strategic partnerships and customers including Visa, Mastercard, PayPal, Coinbase, Western Union and others. Yellow Card is focused on expanding its stablecoin rails to enable faster cross-border transactions and to connect banks directly to those rails. The company plans international expansion into Latin America, the Middle East, Europe and the Asia-Pacific region. Its recent financing has brought total equity funding to more than $120 million, which the company says will be deployed to scale product rollout and geographic reach.

  • KOR Protocol

    Led · Series A · Jul 2026

    KOR Protocol offers an end-to-end platform intended to serve as a clearinghouse for creative assets and talent in the AI era. Its product stack centers on three layers—production (establishing origin, authenticity, ownership, and clearance), distribution (intelligence and workflow tools to route talent and content), and monetization (payments, splits, licensing flows, and revenue management). Several apps already build on the protocol, including KORUS (music remixing and release packs), Pacer (an AI operating system for music release and audience management), VRSNS, Streamline, and KOR Hubs. Since launch the company reports over 1 million lifetime sign-ups, 400,000 connected wallets, 1,000+ IP partners (including Black Mirror, Beatport, mau5trap, Imogen Heap, Banijay Group, and KDDI), and more than $2 million in gross revenue. Ritty Quin was appointed CEO late in the prior year to lead the company’s growth across technology and the creator economy. KOR intends to expand licensed IP supply, deepen its protocol and products, scale partnerships across music and entertainment, and onboard more creators and commercial partners as it builds toward a larger network rollout.

  • Paxos Labs

    Led · Equity · Apr 2026

    Paxos Labs grew out of an internal Paxos initiative to simplify how companies integrate with DeFi markets and create branded stablecoins. Its core product is a single software suite that lets developers mint white‑label stablecoins, enable customers to earn interest on holdings, and borrow using tokens as collateral. The spin-off was created to allow the team freedom to experiment with a wider array of crypto assets amid regulatory ambiguity in DeFi. Leadership includes Bhaumik Kotecha as cofounder of Paxos Labs and Chad Cascarilla serving as CEO of both Paxos and Paxos Labs. The company already counts customers such as the neobank Hyperbeat and the developers behind Aleo. Paxos Labs reported it is on pace to break even by the end of the year.

  • TRM Labs

    Led · Series C · Feb 2026

    TRM Labs develops blockchain analytics and artificial-intelligence software that enables law-enforcement agencies, national-security organizations, financial institutions, and cryptocurrency businesses to trace funds, identify illicit activity, and build investigative cases. Its platforms link on-chain and off-chain data to construct comprehensive threat pictures and streamline financial-crime risk management tasks such as alert disposition and exposure assessment. Headquartered in San Francisco, the company also operates hubs in Los Angeles, New York, Washington D.C., London, and Singapore. With the newly raised capital, TRM plans to deepen its AI capabilities for spotting and disrupting criminal networks, strengthen connections between crypto activity and real-world adversaries, and grow its roster of AI researchers, data scientists, engineers, and domain experts. The roadmap emphasizes accelerating product development that lets institutions manage financial-crime risk more efficiently. No revenue or user figures were disclosed in the article.

  • RedotPay

    Participated · Series B · Dec 2025

    RedotPay operates payment infrastructure focused on stablecoin transactions and claims to have processed a total payment volume exceeding $10 billion as of December 2025, with roughly 300% year‑over‑year growth. The company has positioned itself as an institutional-grade payments rail and is pursuing a U.S. IPO to transition from a regional crypto player to a global payments entrant. In 2025 it raised $194 million in prior financing rounds and counts Coinbase Ventures, Circle Ventures and Blockchain Capital among its investors. Management describes the business as generating robust cash flows, but public reporting highlights governance challenges, including the departure of at least five senior executives and the absence of a CFO. RedotPay is negotiating up to $150 million of fresh capital to bolster its balance sheet and strengthen its IPO readiness; closing the round and hiring experienced financial leadership were identified as key near‑term priorities.

Team

  • W Bradford Stephens

    Co-Founder & Managing Partner

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  • Bart Stephens

    Co-Founder & Managing Partner

    LinkedIn
  • Kinjal Shah

    General Partner

    LinkedIn
  • Joanne Lauer

    Director of Investor Relations

    LinkedIn