Founded in 2017 by current CEO Zac Prince and SVP of Operations Flori Marquez, BlockFi is a wealth management platform that aims to help crypto investors in all 50 US states and around the world maximize their earning potential. The company carries a variety of products designed to support its clients’ financial needs, including crypto, credit cards, interest-earning accounts, trading accounts, crypto-backed USD loans, and more. Since its establishment, the Jersey City-based fintech company has raised a total of $508.7 million in funding from investors like Bain Capital Ventures, Pomp Investments, and Tiger Global. According to Pitchbook, BlockFi recently raised $500 million in July 2021 which is also when Nasdaq wrote that some documents circulated to investors showing that BlockFi was aiming to go public towards mid or end of 2022. But BlockFi has been communicating its intention to go public since 2020, therefore, these comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.