Highlights
According to incomplete statistics from PANews, there were 10 investment and financing events in the global blockchain sector last week (11.10-11.16), with a total funding scale exceeding $195 million. Additionally, the total financing amount for listed companies' crypto asset reserves exceeded $210 million. The overview is as follows:
- DeFi reported 3 financing events, with Lighter completing a $68 million financing round led by Founders Fund and Ribbit Capital;
- The Web3+AI sector reported 1 financing event, with the Web3 AI security agent project LISA completing a $12 million financing round, with participation from Redpoint and others;
- The Infrastructure & Tools sector reported 3 financing events, including crypto startup Seismic completing a $10 million financing round led by a16z crypto;
- The Centralized Finance sector reported 1 financing event, with Public acquiring Alto's crypto business for a total of $65 million in cash and stock;
- The Other Web3 Applications sector reported 2 financing events, including Kyuzo's Friends announcing a $11 million financing round, with investors including DeAgentAI;
- Additionally, 3 listed companies completed financing for crypto treasury strategies, with Republic receiving $100 million in zero-interest financing to purchase ETH and expand its staking business;
DeFi
Decentralized trading protocol Lighter has completed a $68 million financing round, led by Peter Thiel's Founders Fund and Ribbit Capital, with participation from Haun Ventures and Robinhood. After this round of financing, the company's valuation is approximately $1.5 billion.
Lighter was founded by Vladimir Novakovski in 2022, focusing on decentralized perpetual contracts and an upcoming spot trading feature, built on Ethereum Layer 2, aiming to create a "fair and transparent financial infrastructure layer." Novakovski entered Harvard at 16, graduated at 18, and was personally recruited by Citadel founder Ken Griffin, later transitioning from the AI social platform Lunchclub to the crypto field.
Lending platform Curvance completes $4 million strategic financing
Decentralized lending platform Curvance announced the completion of a $4 million strategic financing round. The lead investors are F Prime Capital and 0xPrimal, with participation from Auros, GSR, Flowdesk, Q42, v3v ventures, and others. The project is positioned as a decentralized lending and collateral platform, supporting LST, LRT, stablecoins, Pendle PT, and LP yield assets for collateral. The team claims to have developed the architecture in-house, incorporating dual oracle pricing, circuit breaker mechanisms, and MEV capture liquidation auctions for security design; the funds will be used for launch, auditing, team expansion, and asset integration.
Sui ecosystem DEX Bluefin completes 2 million Swiss Francs financing, with SUI Group participating
NASDAQ-listed company SUI Group announced an investment of 2 million Swiss Francs (approximately $2.5 million) in the Sui ecosystem decentralized exchange Bluefin, with both parties collaborating to bring hedge funds, asset management companies, and market makers to the on-chain market.
AI
LISA completes $12 million financing to promote AI-native on-chain security system
Web3 AI security agent project LISA announced the completion of a $12 million financing round, aiming to create an Agentic Security OS that combines AI and blockchain. This round of financing was participated in by Redpoint, UOB Venture Management, Signum Capital, NGC Ventures, Hash Global, and others. LISA is dedicated to using AI to detect multi-step complex logical vulnerabilities that traditional auditing tools struggle to find, enhancing the security of smart contracts and decentralized applications.
Infrastructure & Tools
Acurast secures $11 million financing to advance mobile confidential computing mainnet
Acurast announced $11 million in financing, planning to launch its mainnet on November 17 and simultaneously issue the ACU token. The project claims to achieve verifiable, confidential, and tamper-proof computing on consumer-grade smartphones, allowing only manufacturer-certified devices to connect through hardware key proof. Its network data shows that nearly 150,000 smartphones have joined, processing approximately 494 million transactions and deploying about 94,200 services. Investors include Ethereum co-founder and Polkadot founder Gavin Wood, among others.
Crypto startup Seismic completes $10 million financing, led by a16z crypto
Crypto privacy infrastructure startup Seismic announced the completion of a $10 million financing round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. The company has raised a total of $17 million. Seismic was founded by CEO Lyron Co Ting Keh, aiming to help fintech companies protect sensitive user information, such as salaries and rents, from being exposed on public blockchains when using crypto technology. Seismic has already partnered with stablecoin account platform Brookwell and private credit service provider Cred to provide private chain payment tracks, avoiding exposure of transaction data on public chains. The company plans to use the new funds to expand its service offerings, including fiat deposit and withdrawal channels and crypto card projects, and expects to achieve revenue in the first quarter of 2026, charging $0.01 per transaction. Competitors include Tempo (valued at $5 billion).
Zero-knowledge identity protocol Self secures $9 million seed round and launches points program
The zero-knowledge identity and "proof-of-humanity" protocol Self announced the completion of a $9 million seed round financing, with investors including Greenfield Capital, SoftBank's Startup Capital Ventures x SBI Fund, Spearhead VC, Verda Ventures, Fireweed Ventures, and several angels. Self provides privacy identity verification using zero-knowledge proofs and verifiable credentials, having integrated with Google, Aave, and Velodrome, supporting verification of biometric passports, national IDs, and India's Aadhaar, and used for anti-witch airdrops and OFAC-compliant token distribution. The company has also launched a points program to reward users who complete identity verification and interact on partner platforms.
DAT
(These transactions are not included in this financing weekly report statistics)
Biotech company Propanc raises $100 million for cryptocurrency reserves and cancer therapy R&D
Digital asset finance company Propanc Biopharma (NASDAQ: PPCB) announced on Monday that it has secured up to $100 million in financing from family office Hexstone Capital, which is active in Bitcoin, Ethereum, Solana, Dogecoin, and other digital asset fields. This private placement transaction is structured through convertible preferred stock, with Propanc receiving an initial investment of $1 million and up to $99 million in follow-on funding over the next year. The funds will be used to build Propanc's digital asset portfolio and accelerate the R&D of its lead cancer therapy PRP, which is currently planned for its first human trial in 2026. CEO James Nathanielsz described this move as a "transformational phase," aimed at strengthening the company's balance sheet and funding its enzyme-based research projects. The company did not specify which digital assets it plans to acquire. The financing news did not stop the decline in Propanc's stock price. On Monday, PPCB's stock fell 4%, dropping below $1, with a cumulative decline of 43% over the past month.
Republic secures $100 million zero-interest financing to purchase ETH and expand staking business
Canadian-listed company Republic Technologies (CSE: DOCT) announced it has received $100 million in zero-interest convertible bond financing from an institutional investor to expand its Ethereum staking and reserve business. The company stated that over 90% of the funds will be used to purchase ETH, with an initial investment of $10 million.
This financing is interest-free and has no additional margin requirements, regarded as a rare "cash flow neutral" structure in the crypto industry, accompanied by 50% market price exercise warrants. Republic operates ETH validation nodes to earn staking and validation rewards and collaborates with QCP Capital to develop ETH structured yield strategies, with a weekly yield of approximately 1.75%.
Matador Technologies Inc. announced that it has completed its first convertible bond financing of $10.5 million with ATW Partners, aimed at increasing its Bitcoin holdings. The company plans to purchase up to 1,000 BTC through this facility by 2026 and accumulate a total of 6,000 BTC by 2027, targeting a position among the top 20 corporate Bitcoin holders globally. The annual interest rate for this convertible bond is 8%, which will decrease to 5% if the company successfully transitions from the TSX Venture to NASDAQ or the NYSE.
Centralized Finance
Public announced the acquisition of Alto's crypto business for a total of $65 million in cash and stock, with this segment having an AUM of approximately $600 million. AltoCrypto supports a variety of crypto assets; in contrast, Fidelity's crypto retirement accounts only support Bitcoin. Public co-founder Leif Abraham stated that IRAs can adjust positions without immediate tax burdens. The transaction is expected to be fully integrated by 2026, with Alto retaining its other business and continuing as a service provider. Public targets "upmarket" investors, with a median customer age of around 38.
Others
Web3 Games:
The AI-driven social game project Kyuzo's Friends announced that its team has completed $11 million in financing, with investors including DeAgentAI, Stratified Capital, Chain Capital, KnightFury, X Wave, and LBank Labs. This round of financing will be used for global market expansion, AI creation system upgrades, and strengthening on-chain infrastructure.
Kyuzo's Friends, launched by the Key Origin platform, is its first licensed IP project, developed based on the well-known IP "DNAxCAT (九藏喵窝)" and has already landed on the Sui and LINE platforms. The project combines AI creation with Web3 game mechanics, aiming to drive the transformation of traditional IP into the decentralized era. Key Origin is building a global Web3 licensed IP ecosystem, covering IP licensing, AI co-creation, and digital asset trading, with the success of Kyuzo's Friends expected to attract more well-known brands and creators to join.
Crowdfunding Platform:
Crypto financing platform Shodai Network announced the completion of a $2.5 million seed round financing, with investors including Consensys, Consensys Mesh, and Ethereum co-founder Joseph Lubin. This investment will help Shodai Network expand its founder network and further develop its financing support platform.
Shodai Network brings together a group of entrepreneurs, developers, and seasoned professionals in the crypto industry, aiming to assist early developers in obtaining resources and connecting with other entrepreneurs through its founder network, with a planned approach to scaling project development. Through its product department, Shodai focuses on the development of new financing technologies and open-source capital raising tools, aiming to align the interests of protocol developers and investors from the early stages of protocol development.
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