About
BlockFi: Pioneering Financial Freedom in the Digital Asset Era
BlockFi is transforming the financial landscape by bridging the gap between traditional banking services and the cryptocurrency ecosystem. As a leading digital asset platform, BlockFi enables users to earn interest, borrow cash, and trade cryptocurrencies securely and seamlessly. Guided by its mission to “redefine banking for the modern world,” BlockFi empowers individuals and institutions to maximize the potential of their digital assets while promoting financial inclusion and innovation.
Founding Story: Redefining Finance for a New Generation
BlockFi was founded in 2017 by Zac Prince and Flori Marquez, who recognized a significant gap in the cryptocurrency space: the absence of financial services comparable to those offered in traditional banking. As early adopters of digital assets, they experienced firsthand the lack of infrastructure that could help individuals manage and grow their crypto holdings.
Determined to solve this problem, Prince and Marquez created BlockFi, a platform designed to provide simple, secure, and accessible financial products for digital asset holders. Their vision was to create a trusted bridge between crypto and traditional finance, offering services like interest-bearing accounts, crypto-backed loans, and trading solutions. Today, BlockFi is a trusted partner for millions of clients worldwide, enabling them to unlock the value of their digital assets.
Why Susquehanna Capital Invested in BlockFi
At Susquehanna Capital, we are committed to supporting companies that drive financial innovation and expand access to new markets. BlockFi aligns perfectly with our thesis, standing at the intersection of cryptocurrency and traditional finance, two of the most dynamic areas of economic transformation.
BlockFi stood out to us for three key reasons:
Market Leadership: As one of the earliest platforms to offer crypto-backed financial services, BlockFi has established itself as a trusted leader in a rapidly growing market, with significant first-mover advantage.
Diverse Revenue Streams: BlockFi’s robust product suite—including interest accounts, lending services, and crypto trading—diversifies its revenue base and positions it as a comprehensive financial platform.
Exceptional Leadership: Zac Prince and Flori Marquez combine deep expertise in financial services and crypto markets with a clear vision for the future of digital assets. Their ability to navigate complex regulatory and market dynamics sets BlockFi apart from its competitors.
Impressive Growth Metrics
BlockFi’s growth has been nothing short of extraordinary, reflecting its pivotal role in driving mainstream adoption of cryptocurrencies. Key achievements include:
Client Base: BlockFi serves over 1 million clients globally, ranging from individual investors to institutional partners, highlighting its broad market appeal.
Assets Under Management (AUM): BlockFi manages billions of dollars in digital assets, with a steady influx of new clients and deposits.
Revenue Growth: The company has achieved rapid revenue expansion by leveraging its diverse product offerings and capturing opportunities in the booming digital asset market.
Product Innovation: BlockFi continues to expand its suite of services, including the introduction of the BlockFi Rewards Credit Card, which allows users to earn cryptocurrency as cashback, further integrating crypto into everyday financial activities.
BlockFi is at the forefront of the financial revolution, making it easier than ever for individuals and institutions to participate in the digital asset economy. We are proud to support BlockFi as it builds a secure, inclusive, and innovative platform that empowers users to achieve financial independence. With its commitment to transparency, accessibility, and innovation, BlockFi is redefining what it means to bank in the digital age.