Highlights of This Issue
According to incomplete statistics from PANews, there were 11 financing events in the global blockchain sector last week (5.5-5.11); the total funding exceeded $116 million, showing a decrease compared to the previous week. The overview is as follows:
- DeFi announced 2 financing events, including the DeFi project Sentora, formed by the merger of IntoTheBlock and Trident, which completed a $25 million financing;
- Infrastructure & Tools reported 5 financing events, including the digital risk management and protection platform Doppel, which completed a $35 million Series B financing, led by Bessemer;
- Centralized Finance had 3 financing events, with the Middle East and Turkey digital asset infrastructure company Fuze recently completing a $12.2 million Series A financing, led by Galaxy Digital and e& capital;
- Other applications reported 1 financing event, with the Web3 entertainment platform T-Rex securing $17 million in Pre-Seed financing, planning to launch a browser extension this summer.
DeFi
The DeFi analytics platform IntoTheBlock and liquidity service provider Trident Digital announced their merger to form Sentora, completing a $25 million seed round financing, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC, and Joint Effects, along with further support from strategic ecosystem investors such as Curved Ventures, Flare, and Bankai Ventures. The new company will be led by Trident co-founder and former Coinbase risk strategy head Anthony DeMartino, aiming to provide institutional investors with a one-stop on-chain financial service covering yield strategies and compliance risk control.
Sentora integrates IntoTheBlock's over $3 billion institutional-grade DeFi analytics data with Trident's structured liquidity solutions, aiming to develop a unified interface to solve the fragmentation of multi-chain protocol interactions. CTO Jesus Rodriguez stated that the goal is to build "core infrastructure that allows institutions like DAOs and family offices to safely access DeFi."
Singapore stablecoin cross-border payment company XWeave announced the completion of a $3 million seed round financing, led by Jungle Ventures and Lightshift, with participation from White Star Capital, Fabric Ventures, DCG, The Venture Dept., and venture capital studio Menyala. XWeave aims to combine traditional fiat currency systems with stablecoin networks to support instant, compliant, and cost-effective capital flows across markets. Its non-custodial infrastructure allows institutions to conduct cross-border transactions without holding user funds. The new funding will support its network expansion into the Middle East and other regions in Asia.
Infrastructure & Tools
Doppel co-founder and CEO Kevin Tian announced on platform X that the company has completed a $35 million Series B financing, led by Bessemer, with participation from 9Yards Capital, SOZO VENTURES, Strategic Cyber Ventures, a16z, South Park Commons, and Script Capital. Doppel is an AI-driven digital risk protection platform designed to protect organizations from social engineering threats such as phishing, impersonation, and deepfake fraud. The new funding will support the development of a digital protection infrastructure that combines generative AI with expert human analysis.
Sonic Labs Completed $10 Million Strategic Financing, Led by Galaxy
Sonic Labs announced the completion of a $10 million strategic financing for S tokens, led by Galaxy. This collaboration will accelerate Sonic Labs' expansion in the U.S. market and provide critical support for its DeFi ecosystem development. The partnership aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong stated that Galaxy's involvement will bring significant market insights and resources to the ecosystem. This collaboration also reflects institutional confidence in blockchain technology's ability to transform financial infrastructure.
The Dogecoin ecosystem application development layer DogeOS completed $6.9 million in financing, led by Polychain Capital. The project aims to provide developers with operating system-level tools based on the Dogecoin blockchain to support consumer applications such as gaming and AI. MyDoge wallet development team CEO Jordan Jefferson stated that the demand from the existing 500,000 wallet users indicates a strong community expectation for native Dogecoin applications. This financing will accelerate Dogecoin's transformation from a simple payment token to a multifunctional ecosystem. DogeOS aims to simplify the development process, potentially driving more DeFi and entertainment applications to integrate DOGE payments, enhancing its practical use cases.
Digital asset trading infrastructure provider GoQuant announced the completion of a $4 million seed round financing, led by crypto investment firm GSR. Copper.co, Lombard Odie, Capital Union Bank, TYR Capital, and FRNT Financial also participated. The new funding will be used to enhance trading infrastructure performance, providing institutional clients with faster execution speeds and a more transparent trading environment. GoQuant, established in 2022, currently processes millions of orders daily through its trading system, offering smart order routing services across centralized exchanges, decentralized platforms, and over-the-counter markets. The platform integrates real-time market data, trading cost analysis tools, and risk management features to help institutions optimize digital asset trading strategies.
Next-generation L1 blockchain protocol Litheum announced the completion of $750,000 in strategic financing, co-led by Alphemy Capital and Amber Group. The funds will be used to advance its testnet launch plan, further realizing its vision of "compressing blockchain usage costs to physical limits." Litheum plans to launch its testnet in the next quarter, laying the groundwork for its mainnet release.
It is reported that Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, enhancing on-chain performance and cost efficiency while ensuring security and decentralization by incentivizing all core functional nodes in the network and dynamically adjusting block sizes and transaction fees.
Centralized Finance
Middle East and Turkey digital asset infrastructure company Fuze recently completed $12.2 million in Series A financing, led by Galaxy Digital and e& capital. Fuze provides "digital asset as a service" infrastructure for financial institutions and enterprises in the MENA and Turkey regions and has launched stablecoin and payment products FuzePay. The funds will be used to accelerate regional and global expansion, product innovation, and compliance development. Fuze stated that within the next 12 months, nearly all financial institutions will adopt crypto or stablecoin services.
Real Estate Tokenization Trading Platform Alt DRX Completed $2.7 Million Pre-A Round Financing
Real estate tokenization trading platform Alt DRX completed $2.7 million in Pre-A round financing, with investors including Qatar Development Bank, Times of India Brand Capital, Brand Capital, Hindustan Media Ventures, Zee Group, WeFounderCircle, and nX Capital. The financing will be used to acquire residential assets, technology development, marketing, and compliance licensing applications. Co-founder Anand Narayanan stated that this move aims to lower the investment threshold in real estate, allowing more investors to participate in this asset class.
According to reports, the platform enables fragmented trading of residential real estate through blockchain technology, allowing the buying and selling of property rights in units of one square foot, and providing algorithmic pricing and instant settlement services. Based in Bangalore, Alt DRX currently has an annual transaction volume of approximately 100,000 transactions, and investors can access rental income and trade their property shares through its mobile platform.
Visa, through its venture capital arm Visa Ventures, has invested in the stablecoin payment infrastructure platform BVNK. This marks Visa's first direct investment in a startup in this field and is seen as a strong validation of the potential of stablecoins as a global payment infrastructure. BVNK currently processes $12 billion annually, with clients including companies like Deel and dLocal.
Other
Web3 consumer entertainment platform T-Rex has completed $17 million in Pre-Seed financing, with investors including Portal Ventures, Framework Ventures, and Arbitrum Gaming Ventures. The platform tracks user content interactions on platforms like X, TikTok, and YouTube through a browser extension, allowing users to earn crypto rewards in a "click popcorn" manner, utilizing zkTLS technology to ensure privacy. T-Rex expects to launch the extension this summer and expand collaborations with content creators and IPs within the year.
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