Financing Weekly Report | 19 public financing events, focusing on Tether's blockchain Stable completed a $28 million seed round financing, led by Bitfinex and Hack VC.

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Highlights

According to incomplete statistics from PANews, there were 19 investment and financing events in the global blockchain sector last week (July 28 - August 3); the total funding exceeded $219 million. Additionally, the total financing amount for publicly listed companies' crypto asset reserves exceeded $1.775 billion, as summarized below:

  • DeFi announced 4 investment and financing events, including the RWAiFi project GAIB, which completed a $10 million financing round led by Amber Group;
  • The Web3 gaming sector announced 1 investment and financing event, where the Web3 fantasy football game Football.Fun completed a $2 million financing round;
  • The Web3+AI sector announced 4 investment and financing events, including the AI project Billions, which completed a $30 million financing round with participation from Polychain, Coinbase Ventures, and others;
  • The Infrastructure & Tools sector announced 6 investment and financing events, including the blockchain Stable, focused on Tether, which completed a $28 million seed round led by Bitfinex and Hack VC;
  • The Centralized Finance sector announced 4 investment and financing events, including Yuan Coin Technology, which completed a $40 million Series A2 financing round, led by ZhongAn International and others;
  • In Other areas, 7 publicly listed companies completed financing to establish crypto treasuries, including CEA Industries and 10X Capital, which privately raised $500 million with the support of YZi Labs to establish a BNB treasury.

DeFi

RWAiFi project GAIB completes $10 million financing, led by Amber Group

The RWAiFi project GAIB has completed a $10 million financing round led by Amber Group. The funds will be used for the platform's GPU asset tokenization, promoting the development of the on-chain AI economy. By 2025, GAIB has attracted $28 million in deposits and has partnered with DeFi protocols Morpho and Pendle. The platform supports entering the AI economy through AID synthetic dollars and earning yields by staking AID (sAID). Previously, it was reported that GAIB completed a $5 million Pre-Seed financing round, led by Hack VC.

TON ecosystem STON.fi completes $9.5 million Series A financing, led by Ribbit Capital and CoinFund

The leading decentralized exchange STON.fi on the TON blockchain has completed a $9.5 million Series A financing round, led by Ribbit Capital and CoinFund. The funds will be used to develop concentrated liquidity pools, cross-chain functionality, and community governance, promoting bridge-less cross-chain exchanges and the expansion of the DeFi ecosystem. Since its launch in 2022, STON.fi has accumulated a trading volume of over $6 billion.

Cryptocurrency pairing trading platform Pear Protocol completes $4.1 million strategic financing

Cryptocurrency pairing trading platform Pear Protocol announced the completion of $4.1 million in strategic financing, led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund. This financing will be used to expand its institutional-grade product suite, including developing vaults and API interfaces on HyperEVM, as well as relaunching more liquid spot tokens on the Hyperliquid spot order book. The platform has completed native integration with the Hyperliquid perpetual contract order book, allowing users to execute pairing trades with one click and supporting advanced features such as ratio-based take-profit and stop-loss strategies and TWAP execution.

AI-driven crypto trading platform Kuvi.ai completes $700,000 seed round financing, led by Moon Pursuit Capital

AI-driven crypto trading platform Kuvi.ai announced the completion of a $700,000 seed round financing, led by Moon Pursuit Capital, with participation from Transform Ventures investor Michael Terpin and Web3 investor Dennis Liu, achieving a valuation of $30 million. The company aims to use the new funds to support its message input-based trading platform, simplifying the crypto trading interface through conversational methods.

Web3 Gaming

Web3 role-playing game Aria completes $5 million financing

Web3 role-playing game Aria (ARIA) announced that it successfully raised $5 million in its latest financing round. This round was led by Folius Ventures, The Spartan Group, and Beam FDN, with follow-on investments from Animoca Brands, Galaxy, and others.

AI

AI project Billions completes $30 million financing, with participation from Polychain, Coinbase Ventures, and others

AI project Billions announced the completion of a total of $30 million in financing, dedicated to building the first universal network for humans and AI. This financing received support from pioneers in the crypto and AI infrastructure fields, including Polychain, Coinbase Ventures, Polygon, LibertyCity Ventures, and BITKRAFT Ventures. Billions advocates for solving internet trust issues through verifiable identities, helping users prove authenticity without exposing private data, and providing a safer environment for human-AI interactions. This round of financing will be used to build the first universal network for human-AI interaction, based on zero-knowledge proof technology, aiming to provide scalable and secure identity verification mechanisms to promote trustworthy interactions between humans and artificial intelligence.

Decentralized AI infrastructure Manifold completes $10.5 million Series A financing, led by OSS Capital

Decentralized AI infrastructure Manifold announced that it has completed $10.5 million in Series A financing to accelerate the development of its decentralized AI cloud platform Targon. This round of financing was led by OSS Capital, with participation from Digital Currency Group, Tobias Lütke, Ram Shriram, Zachary Smith, Jacob Steeves, Ala Shaabana, and Logan Kilpatrick, among other notable investors.

ARO Network secures $2.1 million financing to promote decentralized edge cloud development

ARO Network recently completed $2.1 million in pre-seed financing, aimed at accelerating the construction of its decentralized edge cloud platform designed for peer-to-peer content delivery and AI computing. This round of financing was led by NoLimit Holdings and Dispersion Capital, with participation from Escape Velocity, Maelstrom, and several strategic angel investors. ARO Network aims to provide services to global users with low latency and low cost by transforming idle internet bandwidth and computing power into a scalable P2P content distribution network, actively promoting integration with ecosystems such as EigenLayer, Base, and IoTex.

AI agent Billy Bets based on Virtuals completes $1 million financing

The AI agent Billy Bets, based on Virtuals, recently completed $1 million in financing, with investors including Coinbase Ventures, Virtuals Ventures, and Contango Digital Assets.

OpenAI raises $8.3 billion, valuation reaches $300 billion

According to a report by Jinshi, citing The New York Times, OpenAI has raised $8.3 billion, achieving a valuation of $300 billion. OpenAI plans to secure $40 billion in funding by 2025.

(Not included in this financing weekly report statistics)

Infrastructure & Tools

Blockchain Stable focused on Tether completes $28 million seed round financing, led by Bitfinex and Hack VC

The new blockchain project Stable, built around Tether's USDT, announced the completion of $28 million in seed round financing, led by Bitfinex and Hack VC, with other supporters including Franklin Templeton, Castle Island Ventures, and KuCoin Ventures, as well as angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain aims to use USDT as the base gas token to build a fast, low-cost stable payment network. Its roadmap is divided into three phases: the first phase achieves USDT payment gas fees and sub-second block confirmations; the second phase provides block space guarantees for enterprise-level payments; the third phase focuses on developer tools and performance upgrades.

Blockchain startup Subzero Labs completes $20 million seed round financing, led by Pantera Capital

Blockchain startup Subzero Labs has completed a $20 million seed round financing, led by Pantera Capital, with participation from Variant, Coinbase Ventures, and Susquehanna's crypto division. The company is developing the Rialo blockchain aimed at real-world applications, intending to break through the current limitations of crypto technology primarily serving financial speculation. Co-founder Ade Adepoju previously worked as an engineer at Mysten Labs (involved in Sui blockchain development). Rialo aims to provide a native solution for on-chain integration of external data (such as FICO credit scores) for non-crypto developers without relying on oracles. The team currently has 20 members, and the financing includes equity and token subscription rights, with specific valuation undisclosed.

Falcon Finance receives $10 million strategic investment from World Liberty Financial

Falcon announced on Wednesday that the Trump-associated crypto company World Liberty Financial has made a $10 million strategic investment in the digital token infrastructure platform Falcon Finance. This funding will accelerate its operations to allow for "seamless conversion" between its stablecoin and another stablecoin supported by World Liberty. Reportedly, the circulation of the stablecoin Falcon USD or USDf reached $1 billion on Tuesday.

London payment company Due completes $7.3 million seed round financing and launches global stablecoin payment API

London-based borderless payment startup Due announced the completion of a $7.3 million seed round financing and officially launched a global stablecoin payment API. This round of financing was led by Speedinvest, with participation from notable investment firms such as Semantic, Fabric Ventures, Strobe Ventures, and Polymorphic Capital. The new funds will be used to expand the API platform, helping businesses achieve faster, lower-cost, and more inclusive cross-border payments.

Crypto technology startup TACEO completes $5.5 million seed round financing, with participation from a16z CSX

Austrian crypto technology startup TACEO has completed a $5.5 million seed round financing, led by Archetype VC, with participation from a16z CSX, Cyber.Fund, a_capital, and Polymorphic Capital. The new funds will be used to enhance infrastructure performance and develop developer tools, focusing on expanding privacy-compliant applications in finance, AI, and stablecoins. The company's core technology, "Private Shared State," enables collaborative computation on encrypted data among multiple parties and has successfully supported biometric authentication for 14 million users in the World ID project led by Sam Altman. Its technology integrates multi-party computation (MPC) and coSNARKs zero-knowledge proofs to verify computational accuracy without exposing raw data.

Bitcoin-native dApp infrastructure Midl completes $2.4 million seed round financing

Bitcoin-native dApp infrastructure Midl announced the completion of a $2.4 million seed round financing, led by Draper Associates, with participation from Draper Dragon. The project aims to build a native smart contract execution environment on the Bitcoin mainnet, allowing decentralized applications to run without relying on sidechains or cross-chain bridges. Midl is currently in the testnet phase, with the mainnet expected to launch soon. Several early DeFi protocols have already gone live on the testnet, and over 20 projects are at various deployment stages.

Others

Crypto Asset Reserves: (Not included in this financing weekly report statistics)

Mill City Ventures announces $500 million equity financing agreement to advance SUI financial strategy

Non-bank lending institution and financial company Mill City Ventures III, Ltd. (NASDAQ: MCVT) today announced that it has signed an equity line agreement with AGP/Alliance Global Partners (as investors), allowing Mill City to decide to sell up to $500 million of its common stock, subject to certain restrictions and closing conditions. Proceeds from the equity line (excluding commitment fees) will be used to advance the company's SUI financial strategy.

Public company Upexi signs $500 million equity financing agreement to support its Solana reserve strategy

NASDAQ-listed company Upexi (NASDAQ: UPXI) has signed an equity financing line agreement with A.G.P./Alliance Global Partners, allowing Upexi to decide to sell up to $500 million of common stock, subject to specific restrictions and closing conditions. The company stated that it will use the proceeds from the equity financing line for general corporate purposes and to advance its Solana asset reserve strategy. The equity financing line structure allows Upexi to choose the timing of entering the capital markets without needing to raise funds immediately. Such agreements typically allow companies to sell stock over a period based on market conditions and funding needs.

CEA Industries and 10X Capital raise $500 million in private placement to establish BNB treasury with support from YZi Labs

CEA Industries and 10X Capital announced a $500 million private placement to establish a BNB treasury with support from YZi Labs. The two institutions will expand the PIPE issuance scale, with over 140 subscribers participating in this issuance, including Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic, and others.

Fundamental Global completes $200 million private placement and launches ETH reserve plan

Fundamental Global announced the completion of a $200 million private placement, which will be used to purchase ETH as a primary treasury reserve asset and to launch an Ethereum treasury strategy. The company will be renamed FG Nexus Inc., with a new stock code expected to be activated on August 1. Strategic investors include Galaxy Digital, Kraken, DCG, and others, with Galaxy assisting in managing the Ethereum treasury. The company stated it will promote the application of Ethereum in the global financial system while providing staking rewards and opportunities for real asset tokenization.

Public company Antelope Enterprise signs $50 million financing agreement to initiate Bitcoin purchase plan

NASDAQ-listed company Antelope Enterprise announced that it has signed a securities purchase agreement with Streeterville Capital to raise $50 million, with the proceeds specifically designated for purchasing Bitcoin. Streeterville Capital will provide funds to the company in tranches over a maximum of 24 months, and AEHL will gradually acquire Bitcoin using these funds based on market conditions.

The Smarter Web Company completes £19.5 million financing, continuing to advance Bitcoin treasury strategy

London-listed tech company The Smarter Web Company announced the completion of the current subscription round, issuing 6.058 million new ordinary shares, raising a total of £19.68 million, with an average issue price of £3.25 per share, and funds expected to be received early this week. The company plans to update subscription progress every two weeks and intends to initiate a new subscription agreement after completing a total of 14 million shares in this round. Since 2023, the company has adopted a Bitcoin treasury policy, currently holding some reserve assets in Bitcoin, viewing it as a long-term store of value to enhance shareholder returns.

Vaultz Capital completes £4.3 million financing and intensifies Bitcoin strategy

UK-listed digital asset operating company Vaultz Capital successfully raised £4.3 million through a targeted issuance, with Aura Digital subscribing for £2.6 million. The company is currently conducting a new round of placement, aiming for a total financing of approximately £6 million. The company is accelerating the expansion of its Bitcoin reserves and infrastructure strategy and has appointed Erik Benz as CEO, while establishing a brand new Bitcoin advisory committee.

Centralized Finance

Yuan Coin Technology completes $40 million Series A2 financing, led by ZhongAn International and others

Hong Kong fintech group RD Technologies has announced the successful completion of nearly $40 million in Series A2 financing. This round of financing was led by ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with participation from Sequoia China, Eternal Digital, Junshi Investment, and Guotai Junan International Private Equity Fund. RD Technologies stated that this financing will accelerate the construction of its regulated stablecoin infrastructure and actively cooperate with Hong Kong's upcoming stablecoin licensing system. Meanwhile, ZA Bank has signed a strategic cooperation memorandum with RD Technologies to jointly explore the compliant application of stablecoins in financial services.

Standard Chartered's crypto trading platform Zodia Markets completes $18.25 million financing

Standard Chartered's crypto trading platform Zodia Markets has completed $18.25 million in financing, led by New York venture capital firm Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, XVC Tech, and others. After this round of financing, Standard Chartered's ownership stake has decreased from 84% to 60%. Zodia Markets was established in 2021 and provides over-the-counter brokerage services for cryptocurrencies. The new funds will be used to expand into East Asia, Latin America, and the U.S. market, as well as to grow its stablecoin business. The company currently has a team of about 50 people and emphasizes a profit-first strategy, avoiding cost-inefficient expansion.

Xinglu Technology completes nearly $10 million in Series A financing, with participation from Solana Foundation

Fosun's digital wealth management platform Fosun Wealth International Holdings Limited and its independently incubated Xinglu Financial Technology Holdings Limited announced that Xinglu Technology has completed nearly $10 million in Series A financing, with investors including the Solana Foundation and other Web3 industry institutions and wealth management companies. It is reported that Fosun Wealth International Holdings has recently registered trademarks in Hong Kong, including "Fosun International Crypto," "Fosun Wealth RWA," and "Xing Coin," indicating that Fosun International will strengthen its involvement in the cryptocurrency and virtual asset industry.

Dutch crypto derivatives exchange D2X completes €4.3 million strategic financing, with participation from Circle Ventures

Dutch crypto derivatives exchange D2X has completed €4.3 million (approximately $5 million) in strategic financing, with investors including Circle Ventures, CMT Digital, Canton Ventures, Point72 Ventures, Tioga Capital, GSR, and Fortino Capital. D2X holds a multilateral trading facility (MTF) license under the EU MiFID II framework and has recently launched Bitcoin and Ethereum futures contracts priced in USD, with plans to introduce related options products.

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