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Blockchain Capital

avoid.net/blockchain-capital→68/100·78% conf.
[✓ FACT-CHECKED]· reviewed once · last review 4 Jun 2026[src:claude-code-investigator]

Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →

anchored·P6HNp1…KMDa
last updated 2026-05-13

Summary

BCAP is the world's first tokenized venture capital fund interest, issued in April 2017 as a Regulation D security token. It represents a non-voting economic interest in Blockchain Capital's Fund III. The firm manages $2B+ AUM with portfolio companies including Coinbase, Kraken, and Circle. Key risks include a $6.3M SIM-swap attack on co-founder Bart Stephens, Brock Pierce founding controversy, Epstein/Coinbase periphery connections, and effectively zero secondary market liquidity despite the token wrapper. No SEC enforcement actions exist.

Connected Entities

4 entities · 60 linked investigations
Organizations
□ZKsync57□Kraken62□Blockchain Capital
Tokens
♦Coinbase62
Relationships
  • ZKsync→mentioned with→Coinbase(60%)
  • ZKsync→mentioned with→Blockchain Capital(80%)
  • Kraken→mentioned with→Coinbase(60%)
  • Blockchain Capital→mentioned with→ZKsync(60%)
  • Blockchain Capital→mentioned with→Coinbase(70%)
  • Blockchain Capital→mentioned with→Kraken(65%)
Also appears in
USD Coin (USDC)·71AI-Powered Crypto Phishing Infrastructure 2026·0Kraken·62Raft Protocol·47Euler Finance·58OpenZeppelin AI Exploit Threat Vector·15Bankr·43SafePal·70Goliath Ventures / Christopher Delgado·0Aerodrome Finance·84

Connected Through

4 shared actors · 294 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Blockchain Capital?

Timeline(9 events)

2013

Blockchain Capital founded

securities.io

April 2017

BCAP token issued as first tokenized VC fund under Reg D

securities.io

22 January 2018

First claimed SEC-compliant secondary token trade via Templum

bloomberg.com

May 2023

Co-founder Bart Stephens loses $6.3M in SIM-swap attack

blockworks.com

August 2023

X/Twitter account hijacked for fake BCAP airdrop phishing

cointelegraph.com

18 September 2023

Blockchain Capital raises $580M for two new funds

coindesk.com

2025

First BCAP dividend paid ($0.25/token USDC) after 8 years

prnewswire.com

4 February 2026

DOJ documents reveal Epstein $3M Coinbase investment alongside Blockchain Capital

coindesk.com

22 April 2026

Blockchain Capital seeking $700M for two new funds

bloomberg.com
Provenance & Audit Trail
Recorded on Solana ✓Verify on-chain8 Wayback Archivessrc:claude-code-investigator

Decision Log

  • #3review approveRecorded on Solana ✓6/4/2026, 3:16:41 AM
    slot 424160455 · hash CjjniAYJmD8YLsudJdQJHx3eEXgVYaYQDodk8Vu8768r
  • #2reviewRecorded on Solana ✓6/4/2026, 3:16:41 AM
    slot 424160452 · hash EXkXKRUWCWcbiS9Prm7bkN96V8NSHe1uuXrQBeMSXiPG
  • #1publishRecorded on Solana ✓5/14/2026, 6:03:04 AM
    slot 419629056 · hash 9K3PVebnAurBg6vWc21qkQzuMW5SLYF93oc4Pxz6z9x

This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 8 of 11 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

generated: 5/13/2026, 3:54:12 AM

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