Composite General Counsel: BlockFi could complete an IPO before the end of this year.

“I would be surprised if we didn't talk about BlockFi's IPO at the end of the year,” said Jake Chervinsky, Chief Legal Officer of Composite. Its current value is $ 3 billion. The financial environment has been led by new investors including Bain Capital Ventures, DST Global Partners, Pomp Investments, Tiger Global and more. Paradigm, Morgan Creek Digital, Akuna Capital, PJC, Hudson River Trading, ParaFi Capital, Jump Capital, Kenetic, CMS Holdings, Castle Island Ventures and other venture capital firms also participated in the funding. BlockFi said the money injected would be used to create Bitcoin debit cards, fueling global expansion and market share. The company expects the number of employees to increase from 500 to around 1,000 by the end of the year.