Blockchain software technology firm ConsenSys, which owns the popular MetaMask wallet, has closed a $450 million Series D round.

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The Series D round led by ParaFi Capital saw participation from existing investing, including Third Point, Marshall Wace, and True Capital Management. New investors include Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, C Ventures, and even celebs such as rappers 21 Savage and Young Thug.

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ConsenSys said it plans to convert all funds from the round to Ether (ETH), to be held in DeFi yield and governance operations. Just four months ago, ConsenSys raised $200 million from Coinbase Ventures, HSBS, and other investors, valuing the company at $3.2 billion, half of its new $7 billion valuation.

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According to ConsenSys’ chief strategy officer Simon Morris, the company’s next fundraise, “Series ETH,” where investors will be given guidance to contribute ETH to ConsenSys’ multi-token treasury.

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“We're interested in taking our crypto positions and using them in a way that is both positive for the company in terms of driving yield, but also in a way that is strategic for the company in terms of trying to express our opinion on useful directions to drive further decentralization in the space,” said Morris.

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