Highlights
According to incomplete statistics from PANews, there were 23 investment and financing events in the global blockchain sector last week (11.25-12.1), with a total funding scale exceeding $150 million, an increase compared to the previous week. The overview is as follows:
- DeFi announced 8 investment and financing events, including the stablecoin infrastructure project usdx.money, which announced the completion of $45 million in financing, with a valuation of $275 million;
- Web3 Gaming announced 2 investment and financing events, including the Web3 game studio Qooverse, which announced the completion of a Pre-Seed round of financing led by Paper Ventures;
- NFT sector announced 1 investment and financing event: Animoca Brands strategically invested in Pudgy Penguins' parent company, Igloo, Inc.;
- Infrastructure and Tools announced 6 financing events, including the modular L1 network U2U Network, which completed $13.8 million in financing, with participation from KuCoin Ventures and others;
- Other Blockchain/Crypto Applications announced 3 financing events, including the prediction market BRKT.gg, which announced the completion of $1.75 million in seed round financing, led by Foresight Ventures;
- Centralized Finance announced 3 investment and financing events, with Deutsche Bank joining Partior's $80 million Series B financing as a strategic investor (previously disclosed to have raised over $60 million).
DeFi
usdx.money announces completion of $45 million financing, with participation from NGC and others
The stablecoin infrastructure project usdx.money announced the completion of $45 million in financing, with a valuation of $275 million. Investors in this round include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some investments made in the form of warrants. Previous investors also include Dragonfly Capital and Jeneration Capital.
Trump family crypto project WLFI receives $30 million investment from Justin Sun
Tron founder Justin Sun invested $30 million in the DeFi project World Liberty Financial (WLFI) of U.S. President-elect Donald Trump, becoming the largest investor in the project. Sun wrote on the X platform: "The U.S. is becoming a blockchain hub, and the rise of Bitcoin is thanks to Trump." A WLFI spokesperson stated: "There have been several significant purchases in recent weeks, and we are confident about future success. More developments are expected in the coming weeks and months."
Schuman Financial completes $7.36 million seed round financing, led by RockawayX
Schuman Financial completed $7.36 million in seed round financing in September this year, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures. EURØP will first be issued on the Ethereum and Polygon chains, with plans to integrate more blockchains and DeFi protocols in the future, while also listing on major European crypto exchanges. The company will also build an ecosystem that includes SEPA integration, banking channels, and custodial partnerships with top global banks such as Societe Generale.
Crypto yield protocol developer Avant completes $6.5 million seed round financing
Crypto yield protocol developer Avant announced the completion of $6.5 million in seed round financing, with participation from Superlayer, Avalaunch, GoGoPool, Daybreak Digital, and Linda Kreitzman. Avant founder Rhett Shipp stated that the company focuses on its existing contacts and angel investor network rather than targeting well-known crypto venture capitalists; Avant was established in June this year, with informal discussions with investors starting in May, but formal financing only began in October; this round of financing ended earlier this month, structured as a Simple Agreement for Future Equity (SAFE), with Avant's post-financing valuation reaching $25 million.
According to reports, Avant issued a "stable value" token called avUSD, which can be staked to earn savUSD (the yield version of avUSD). The protocol operates on the Avalanche blockchain. While avUSD itself does not generate yield, it is designed for various DeFi activities such as lending. By staking avUSD to earn savUSD, users can generate yield. According to Avant's website, the current annual percentage yield (APY) for savUSD is 34%.
OpenTrade completes $4 million seed round extension financing, led by AlbionVC
London fintech company OpenTrade announced the completion of $4 million in seed round extension financing, led by AlbionVC, with existing investors a16z Crypto and CMCC Global participating. This financing will be used to expand operational scale, enhance product functionality, and develop additional services, including yield products supporting new asset types. Since its establishment at the end of 2022, OpenTrade has processed over $100 million in transaction volume, providing stablecoin yield products based on real assets (such as U.S. Treasury bonds) to clients including WOO X and Littio, with annualized yields ranging from 3% to 6%, without the costs and complexities of returning funds to the traditional banking system.
Bleap completes $2.3 million seed round financing, led by Ethereal Ventures
"Blockchain bank account" Bleap, founded by former Revolut employees Joao Alves and Guilherme Gomes, completed $2.3 million in seed round financing, led by Ethereal Ventures. Other participants include Maven11, Alliance DAO, and executives from Revolut, Phantom, and OKX. Following this round of financing, the company's valuation reached $10 million. Bleap is a self-custodial stablecoin payment application that allows users to make stablecoin payments via a linked Mastercard, enjoying zero conversion fees and up to 2% cashback. The application is based on the Ethereum Layer 2 network Arbitrum, supporting stablecoins like USDC and USDT, and plans to fully launch in Q1 2025. Bleap combines blockchain technology with banking services to provide decentralized finance (DeFi) yields and fee-free global transfer services. Additionally, Bleap is registering as a virtual asset service provider (VASP) in Poland and plans to launch its own token in 2026.
DeFi liquidity restart protocol Tren Finance completes seed round financing, with participation from Maven Capital and others
DeFi liquidity restart protocol Tren Finance announced the completion of seed round financing, with participation from Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital, Spyre Capital, and others. Specific financing amounts and valuation information have not been disclosed. It is reported that Tren Finance currently primarily provides liquidity proofs and peg support for re-collateralized LPs, money market deposits, and re-staked positions in DeFi services.
Vanilla Finance completes Pre-Seed round financing, led by Paper Ventures and others
Telegram ecosystem trading platform Vanilla Finance announced the completion of Pre-Seed round financing, led by Paper Ventures, UOB Ventures, and ABCDE Labs, with participation from HTX Ventures, Ocular, Openspace, Y2 Ventures, Signum Capital, and angel investors from projects like STEPN and Scroll. Specific amounts have not been disclosed. It is reported that Vanilla Finance intends to use the funds to expand its market product range, focusing on deploying localized services in the digital economy of Southeast Asia and the Asia-Pacific region.
NFT
Animoca Brands strategically invests in Pudgy Penguins' parent company Igloo, Inc.
Animoca Brands announced a strategic investment in Pudgy Penguins' parent company Igloo, Inc., demonstrating its confidence in the growth potential of the consumer crypto market and the NFT industry.
Web3 Gaming
Web3 game studio Qooverse completes Pre-Seed round financing, led by Paper Ventures
Web3 game studio Qooverse announced the completion of Pre-Seed round financing, led by Paper Ventures, with participation from Animoca Brands, Merit Circle, and a group of angel investors. Specific financing amounts have not been disclosed. Qooverse was founded by a creative team that previously worked at Tencent and Goldman Sachs and is currently developing casual social games based on social platforms like Telegram, with plans to launch a token TGE in early 2025.
Web3 ARPG chain game Runesoul completes $1 million seed round financing, led by Accelbyte
Web3 ARPG chain game Runesoul announced the completion of a $1 million seed round financing at a valuation of $20 million, with investments from Accelbyte and IGC. Runesoul focuses on building an innovative Web3 ARPG gaming experience, aiming to combine on-chain economic systems with high-quality game content to attract global players and blockchain community users.
Infrastructure & Tools
Modular L1 network U2U Network completes $13.8 million financing
The modular L1 network U2U Network has completed $13.8 million in financing, with participation from KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and others. The funds raised will support the ongoing development of U2U Network's Subnet technology. U2U Network is a Layer 1 blockchain that uses DAG technology and is EVM-compatible. Its innovative subnet technology allows developers to create scalable and flexible subnets, making it an ideal platform for efficient DePIN development. U2U Network is composed of early contributors from Ethereum, Google, and Infina.
BNB Chain ecosystem re-collateralization infrastructure Kernel announced that it has raised a total of $10 million in multiple rounds of financing, with investors including Binance Labs, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. Kernel is a core re-staking infrastructure project focused on the BNB Chain, set to launch its mainnet soon and will introduce the KERNEL token to unify governance and incentives for Kelp, Kernel, and Gain, rewarding early supporters and promoting ecosystem development.
Talus Network completes $6 million financing led by Polychain Capital, valued at $150 million
The high-throughput blockchain protocol Talus Network has completed a $6 million strategic financing led by Polychain Capital, with a valuation of $150 million. This round of financing also attracted investors such as Foresight Ventures, Animoca, Geek Cartel, and Echo, as well as several well-known angel investors. The funds will be used to expand the Talus ecosystem, including Protochain, Nexus framework, and the "AI dating experience" application. Talus's total financing amount now reaches $9 million.
Talus is dedicated to supporting decentralized AI agents, with its developed Talus Agents managing tasks such as DeFi portfolio management, DAO governance fund allocation, and in-game NPCs, allowing users to co-own and trade these on-chain assets. Additionally, the platform plans to launch the TAI token for transaction fees and resource allocation. As an ecosystem case, Talus will launch the "AI Bae" application by the end of the year, providing users with personalized AI companions, generating exclusive virtual avatars through TikTok, and supporting chat, social betting, and tokenized interactions.
Rarimo completes $2.5 million financing, with participation from Vitalik Buterin and others
Decentralized digital identity infrastructure Rarimo announced the completion of $2.5 million in Vision round financing, with investors including Ethereum co-founder Vitalik Buterin, Celestia co-founder Nick White, Aztec co-founder Zac Williamson, and Arnaud Schenk, among other leaders in the blockchain and zero-knowledge proof (ZK) fields. This round of financing aims to advance Rarimo's vision of fully decentralized digital identity and will migrate to Ethereum Rollup in Q1 2025 to enhance accessibility. Rarimo's core technology, the ZK identity registry, has been applied in various fields, including election voting and decentralized social graph construction. Vitalik Buterin stated that Rarimo effectively packages existing identity verification methods through ZK technology, serving as an effective strategy for privacy protection and trust enhancement.
No-code Telegram mini-program launcher SODA secures Pre-Seed round financing led by Gagra Ventures
No-code Telegram mini-program launcher and cryptocurrency distribution infrastructure SODA announced the completion of a Pre-Seed round financing, led by Gagra Ventures, with participation from Kenny Li (founder of Manta Network and p0x Labs), Marat Khichikov (executive partner at Bitfury Group), Seb (founder of Sophon), and Omakase (early contributor to Sushiswap). Specific amounts and valuation information have not been disclosed. SODA supports Memecoin developers in utilizing Telegram as a distribution channel and is expected to launch in December 2024, initially supporting Solana, EVM, and TON blockchains, with plans to expand to Sui, Aptos, and others.
Lnfi Network completes Pre-Seed round financing, with participation from HashKey Capital and others
Lnfi Network (formerly NostrAssets) announced the completion of its Pre-Seed round financing, with participation from HashKey Capital, UTXO Management, CMS Holdings, Waterdrip Capital, Wolf's Clothing, and others. Specific amounts and valuation information have not been disclosed. The new funds will support its expansion of the Lightning and Bitcoin order book exchange LN Exchange, elevating the Lightning Network from an instant payment protocol to a comprehensive financial ecosystem. Previously, Lnfi Network released its token economics, with 60% allocated to the community and 10% for pre-launch trading mining rewards and airdrops.
Others
Prediction market BRKT.gg completes $1.75 million seed round financing
Prediction market BRKT.gg announced the completion of $1.75 million in seed round financing, led by Foresight Ventures, with participation from Orange DAO, V3V Ventures, MEXC Ventures, 280Capital, Triton Liquid Fund, Movement, Silvermine Capital, and Nibiru Chain. BRKT.gg is a decentralized prediction market powered by Movement. In less than six months, it has attracted over 300,000 users.
Left Bank Xinhui launches RWA project in agriculture and completes 10 million yuan equity financing
Left Bank Xinhui (Shanghai) Data Technology Co., Ltd. (hereinafter referred to as "Left Bank Xinhui") launched an RWA project in agriculture— the "Maluxi Grape RWA" project, and completed 10 million yuan in equity financing. It is reported that "Maluxi Grape" is one of Shanghai's most representative agricultural product brands, with a development history of over 40 years. Combining the development of the "Maluxi Grape" industry chain, the Shanghai Data Exchange, in collaboration with the Maluxi Town Economic Development Service Center, Left Bank Xinhui, "Maluxi Grape" planting enterprises, as well as infrastructure service providers, information security service providers, law firms, accounting firms, asset evaluation companies, and other businesses, is exploring innovative applications of data elements. Among them, Left Bank Xinhui, as the project operator, integrates agricultural products and production data into project assets based on the core architecture of the SwiftLink management platform, ensuring the accuracy, completeness, and timeliness of information disclosure through the tradable attributes of the project operator's shares.
BSC ecosystem Meme coin issuance platform BabyGOUT completes $500,000 seed round financing, led by Crypto Labs
The Meme coin fair issuance platform BabyGOUT, based on the BSC public chain, announced the completion of $500,000 in seed round financing, led by Crypto Labs, with participation from Panther Capital and others. It is reported that BabyGOUT is a fair issuance platform for Meme coins based on the BSC public chain, allowing users to launch immediately tradable tokens without providing liquidity. Additionally, BabyGOUT is the first ecological project of the MEMECoin GOUT community on the BSC public chain.
Centralized Finance
Deutsche Bank joins Partior's $80 million Series B financing as a strategic investor
Singapore-based blockchain fintech company Partior announced that Deutsche Bank has joined its Series B financing as a strategic investor, with a total funding amount of $80 million. Previously, Partior raised over $60 million in Series B financing, led by Peak XV Partners, with participation from J.P. Morgan, Jump Trading, Standard Chartered Bank, Temasek, and Valor Capital Group. Partior plans to expand its cross-border settlement capabilities with the support of Deutsche Bank, developing features such as instant foreign exchange swaps and multi-bank payments. Deutsche Bank will join its platform as a settlement bank for euros and dollars, enhancing the capabilities of its recently launched dbX cross-border payment ecosystem. Since its establishment in 2021, Partior has processed over $1 billion in transactions, with its blockchain-based network providing real-time clearing and settlement services, simplifying global payment processes and enhancing transparency and efficiency.
Solana-based investment platform Margarita Finance completes $1 million Pre-Seed round financing
Margarita Finance announced the completion of $1 million in Pre-Seed round financing, with participation from Tomahawk.VC, Outrun Ventures, G-20 Group, and N&V Capital. Additionally, Margarita Finance has received funding from the Solana Foundation. It is reported that Margarita Finance is an investment platform built on the Solana blockchain, bringing Wall Street-style structured products into the cryptocurrency world, offering returns through customizable "yield boosters." Users can choose their own crypto assets, lock-up periods, and target returns, with the platform employing options strategies to generate returns.
Crypto investment platform BitSave completes Pre-A round financing, led by Leo Capital
Bangalore-based crypto investment platform BitSave announced the completion of its Pre-A round financing, led by Leo Capital, with specific funding amounts and valuation data not yet disclosed. Its core service currently targets professionals and high-net-worth individuals (HNI) by providing cryptocurrency index products, primarily tracking the Bloomberg Galaxy Crypto Index. The platform intends to use the new funds to support the acquisition of business licenses and plans to expand its crypto investment business into other Asian countries.
Investment Institutions
Alchemy launches $10 million grant fund to support Arbitrum Orbit builders
Web3 development company Alchemy announced the launch of a $10 million grant fund for builders on the Arbitrum Orbit chain. For teams initiating the construction of the Orbit chain, Alchemy will provide credit lines of up to $500,000 for each team, covering the entire infrastructure stack.
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