Baillie Gifford Invests $100 Million In Blockchain.com

Bitcoin Magazine

The CEO and cofounder of cryptocurrency wallet and exchange service provider Blockchain.com, Peter Smith, has announced that investment management company Baillie Gifford contributed $100 million to its $300 million funding round held in March.

Per the announcement, the 110-year-old asset management firm became the largest single investor in the history of Blockchain.com. Additionally, Blockchain.com is one of the first cryptocurrency companies that Baillie Gifford has invested in.

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According to Smith, the investment is “a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.” He added that “we’re honored to include [Baillie Gifford] on our journey to bring the next 1B people into crypto.”

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