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Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain By Cointelegraph - Modern Digital India
Sunday, May 31, 2026
International Investments

Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain By Cointelegraph

By Isabella Margaret
Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain By Cointelegraph
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The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance, closed two new funds this week, with $580 million in capital to be deployed in crypto gaming and decentralized finance projects.

Likewise, SkyBridge Capital, Atlas (NYSE:) Merchant Capital and Vector Capital are among the final bidders to acquire SVB Capital, the venture arm of the collapsed Silicon Valley Bank. SVB Capital is reportedly a backer of other major venture capital firms in the crypto space, including Sequoia and Andreessen Horowitz.

SVB Capital holdings overview as of December 2022. Source: SVB Capital