Funding Rounds
Evernorth: Raised a $1 billion funding round from SBI Holdings, Pantera Capital, Kraken, GSR, and Rippleworks.
Ripple Labs: Seeking to raise at least $1 billion through a SPAC-structured financing from undisclosed investors to capitalize a Digital Asset Treasury focused on accumulating XRP.
Polymarket: Received a $1.6 billion equity capital investment completed by Intercontinental Exchange (ICE) after an initial $1 billion commitment and an additional $600 million, with ICE planning to purchase up to $40 million of securities from existing holders.
Kraken: Raised an $800 million funding round—including a $200 million strategic investment—backed by Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, Tribe Capital, and Citadel Securities.
Tempo: Raised a $500 million Series A led by Thrive Capital and Greenoaks, with Sequoia, Ribbit Capital, and SV Angel participating.
World Liberty Financial: A DeFi lending and borrowing platform, sold a 49% equity stake for roughly $500 million to a senior Abu Dhabi royal.
Sui: Raised a $450 million investment round from Mill City Ventures.
Vietnam Prosperity Crypto Asset Exchange (CAEX): A Vietnam-based crypto exchange, raised strategic capital to bring its capital base to about $380 million in funding led by OKX Ventures and HashKey Capital alongside founding shareholders VPBank Securities and LynkiD.
Merge Labs: A high-bandwidth non-invasive BCI startup, raised a $252 million seed round from OpenAI, Bain Capital, Gabe Newell, and others.
Rain: A stablecoin payments infrastructure startup, raised a $250 million Series C led by ICONIQ with participation from Sapphire Ventures, Dragonfly, Bessemer, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.
Zeta Network: Raised a $230.8 million private placement of Class A common stock and warrants from undisclosed investors, accepting payment in Bitcoin and SolvBTC.
XBTO: An institutional digital asset solutions firm, secured commitments toward a capital raise of up to $217 million and entered a strategic partnership with ValueLabs, which took a minority equity stake in XBTO Global Limited.
Lava: A Bitcoin-backed lending platform, raised $200 million combination of venture and debt financing with angel participation from Anthony Pompliano and Eric Jackson.
FG Nexus: A digital-asset tokenization firm, raised a $200 million funding round from undisclosed investors.
Zama: A privacy-computing startup, raised a $150 million funding round led by Pantera Capital and Multicoin Capital with participation from Gavin Wood and Anatoly Yakovenko.
Monad: An EVM-compatible Layer-1 blockchain, has raised $128.7 million through a public MON token presale on Coinbase.
Eightco Holdings: A crypto infrastructure company, secured $125 million in institutional commitments led by BitMine, ARK Invest, and Payward.
Orbs: An investment-focused company, raised $125 million in a financing round led by Bitmine with contributions from ARK Invest and Payward.