Fidelity is backing a crypto lending startup that’s looking to launch a crypto credit card22.33

A string of Wall Street’s most active crypto traders are getting behind BlockFi, a New York crypto lending firm, as it eyes new opportunities for financial firms and retail alike.

Backing the firm are some of crypto Wall Street’s usual suspects, including Fidelity subsidiary Devonshire Investors. Other investors include Mike Novogratz’s Galaxy Digital, which previously backed the firm in a $52.5 million round in July. As for the latest round, the firm has raised $4 million in convertible debt investments. Options and crypto proprietary trading shop Akuna Capital led the round alongside CMT Digital, Morgan Creek Digital, and other firms.

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