In the last week, the global blockchain sector witnessed a flurry of investment and financing activities, culminating in a total funding scale surpassing $430 million from 20 reported events. Among these, six were acquisition deals, highlighting the growing interest and capital influx in various blockchain-related ventures. Additionally, listed companies collectively raised over $1.95 billion for crypto asset treasury financing.
In the decentralized finance (DeFi) space, GRVT, a hybrid decentralized exchange, successfully completed a $19 million Series A financing round led by ZKsync and Further Ventures, with contributions from EigenCloud and 500 Global. The funding is earmarked for expanding product offerings and leveraging programmable privacy features. Meanwhile, Titan, a decentralized exchange aggregator on the Solana blockchain, announced a $7 million seed funding round led by Galaxy Ventures to enhance its platform, which has recently exited its private beta phase.
On the Web3 gaming front, RuneSoul, an action role-playing game, secured $4 million in funding led by Bitgo Capital. A blend of real-time strategy and social finance, RuneSoul allows players to own and trade in-game assets, thereby integrating gaming with blockchain elements.
In the infrastructure sector, Nothing, a manufacturer of Web3 smartphones, raised $200 million in a Series C round, achieving a valuation of $1.3 billion. The funds are intended to bolster the company’s shift towards an AI-native platform that integrates hardware and software.
The centralized finance domain was not left behind, as notable funding events included Finary, a wealth management platform, completing a €25 million Series B led by PayPal Ventures. This financing will enable Finary to leverage AI for creating personalized investment tools and expand its user base beyond 600,000.
Metaplanet made headlines by strategically acquiring the Bitcoin.jp domain and establishing new subsidiaries aimed at enhancing its footprint in the Bitcoin ecosystem. The initiative focuses on creating operational transparency and profitability through various Bitcoin-related services.
In a remarkable venture, Helius raised over $500 million in partnership with Pantera Capital to establish a SOL treasury company, while Forward Industries made headlines by purchasing over 6.82 million SOL tokens for approximately $1.58 billion as part of a broader strategy to enhance per-share value through active management.
The sector also saw companies like IG Group, acquiring a 70% stake in the Australian crypto exchange Independent Reserve for $72.4 million, and Keyrock’s acquisition of Turing Capital for $27.8 million to expand its asset management capabilities.
Amid these developments, new entities like Kredete and Stablecore raised robust funding rounds to enhance their services in the fintech and blockchain arenas, demonstrating a sustained interest in integrating traditional finance with blockchain technology.
Overall, the latest wave of investment in the blockchain sector underscores a broadening horizon for both startups and established players as they seek to capitalize on the burgeoning market opportunities.
