Blockchain Asset Management, a leading investment firm in the digital asset space, has raised $600 million for its fourth crypto fund. The fund, which is called Blockchain Asset Management Fund IV, will focus on investing in early-stage blockchain companies and tokens.

The firm’s latest fund is significantly larger than its previous funds. Blockchain Asset Management Fund IV is over 50% larger than the firm’s third fund, which raised $400 million in 2018.

The increased size of the fund reflects the growing interest in the digital asset space. The total market capitalization of cryptocurrencies has surpassed $2 trillion, and there is a growing number of institutional investors entering the space.