ParaFi Capital Venture Fund III

United States
Seed
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About ParaFi Capital Venture Fund III

ParaFi Capital Venture Fund III is a $125M fund investing in institutional crypto infrastructure, stablecoins, tokenization, and onchain finance. Backed by KKR co-founder Henry Kravis. Based in Greenwich and New York City.

Investment Focus

Location / RegionUnited States
Funding StageSeed
Industry Focus
Fintech
Web3 Finance
Web3 Infrastructure

Investor Signals Profile

active

Sweet Spot

B2B infrastructure founder building for banks, asset managers, sovereign wealth funds going onchain

stablecoins
tokenization
onchain-infrastructure
institutional-adoption
RWA
treasury-bonds-tokenized
crypto-preferreds
tokenized-equities
crypto-cards
perp-futures-RWA

Bullish Signals

Closed $125M in down market signals conviction-driven, long-duration LP baseblog
Henry Kravis LP participation brings KKR network access for portfolio foundersblog
Consistent multi-fund thesis track record before these were consensus viewsblog
Led Birch Hill pre-seed: institutional onchain creditexternal
$35M strategic into Jupiter — liquid onchain finance betexternal
Hosted institutional dinner: Morgan Stanley, Apollo presentexternal
Active public markets arm — liquid + venture dual strategyexternal
LatAm stablecoin focus; $800B–$1.2T regional inflows citedexternal
Tokenized RWA crossed $34B (May 2026), 3x YoY growthtwitter
US Treasuries tokenized hit $15.2B, doubled since Sept 2025twitter
Crypto treasury preferreds: $13B monthly volume (June 2026)twitter
Tokenized equities hit $1.6B AUM, 60x YoY; 300K holderstwitter
Tokenized equities now most-held RWA asset class, $1.6B AUMtwitter
RWA perp futures volume hit $152B July 2026, 6x YTD growthtwitter
RWAs now 33% of all DEX perp volume; commodities, bonds, equity futurestwitter
Crypto card volumes grew 12x in 2 years, $650M monthlytwitter
Stablecoin adoption expanding: Solana leading card settlement 13% vs 54% supplytwitter
Robinhood Chain hit $10B DEX volume in 22 days; platform playbook shiftingtwitter
Team expansion: Adrian Uberto promoted President, Anjan Vinod Partnertwitter
Jeff Park joins as Partner; reinforces portfolio execution depthtwitter

Contrarian Signals

Explicitly rejects application-layer and consumer crypto playsblog
Infrastructure timing risk if institutional adoption wave delaysblog
Liquid public markets arm adds mandate complexity vs pure VCexternal
Solana apps (Phantom, JupiterExchange) outrevenue chain itselftwitter
RWA perp futures 6x YTD but liquidity concentration risk unknowntwitter

Founder Do's

Pitch infrastructure that tier-one banks or asset managers will need in 3 years
Demonstrate clear institutional adoption pathway, not retail narrative
Show alignment with regulatory compliance requirements
Highlight how your product embeds into TradFi tech stacks
Reference tokenization, settlement, custody, stablecoins, or onchain KYC
Target RWA, treasuries, equities tokenization or stablecoin payment rails
Build for RWA perp trading, tokenized equity distribution, or crypto card settlement

Founder Don'ts

Do not pitch consumer-facing crypto apps without institutional pathway
Avoid token launches as core business model
Do not pitch DeFi protocols without clear regulated institutional use case

Key GPs & Partners

BF
Benjamin Forman
Founder / General Partner
thesis-drivenex-founderpatient-capital
JS
Josh Solesbury
Investor
stablecoin-focusedfintech-lenspublic-speaker
JB
Jono BSB
Investor / Analyst
data-drivensignals-authortokenization-focus
AU
Adrian Uberto
President / Partner / COO
operations-focusedscaling-proveninstitutional-aligned
AV
Anjan Vinod
Partner
emerging-partnerportfolio-deepthesis-executor
JP
Jeff Park
Partner / Portfolio
portfolio-leadstrategic-addexecution-focused

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Fund Overview

Fund Size$125M
Saves0

Key People

Ben Forman

Benjamin FormanFounder / General Partner
Josh SolesburyInvestor
Jono BSBInvestor / Analyst
Adrian UbertoPresident / Partner / COO
Anjan VinodPartner
Jeff ParkPartner / Portfolio

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