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P. Stephens
Co-Founder and Managing Partner at Blockchain Capital LLC
P. Bart Stephens is a Co-Founder and Managing Partner of Blockchain Capital LLC, a pioneering venture capital firm focused on blockchain technology. Established in 2013, Blockchain Capital is one of the oldest and most active investors in the blockchain space, with over 100 portfolio companies and $2 billion in assets under management.124 Key aspects of his career and firm include:
Blockchain Capital’s Impact
- Early Innovations: Pioneered the first tokenized investment fund and the blockchain industry’s first security token (BCAP) in 2017.13
- Notable Investments: Backed major crypto firms like Coinbase, Kraken, Ripple, Ethereum, and Opensea, as well as newer ventures like Bluesky Social (led a $15M Series A in 2024).24
- Investment Strategy: Focuses on early-stage ventures (Seed to Series C) and combines equity investments with token-based strategies.13
Career Background
- Prior Ventures:
- Education: Bachelor’s degree in Political Science from Princeton University, with a focus on national security and information warfare.13
Leadership and Vision
- Industry Advocacy: Actively engages in crypto policy discussions, emphasizing regulatory clarity and innovation.2
- Philosophy: Emphasizes building a robust blockchain ecosystem by supporting founders with capital, expertise, and strategic partnerships.13
Stephens’ work at Blockchain Capital has cemented his role as a foundational figure in the blockchain VC landscape, driving growth across decentralized technologies and digital assets.234
Highlights
It’s one thing to have the vision to rebuild; it’s another to actually execute and succeed. @opensea continues to prove their evergreen potential, exhibiting a staying power rarely seen in early crypto players. They’ve helped pioneer and industry and experienced the full bell curve of the NFT market, only to emerge from the other side stronger than before with renewed determination. We’re watching them step into a new era of abundance, one where they continue to provide prolific utility and move the industry forward. We’re proud of the team and excited to see what they do next.
Great article by @JonahB of @blockchaincap view on @Polymarket and prediction markets

