Organized by: Luan Peng, RootData
According to incomplete statistics from RootData, during the period from May 19 to May 25, 2025, there were a total of 15 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $201 million.
From the perspective of sector distribution, the projects that received financing are mainly concentrated in the infrastructure and DeFi sectors. Notable projects include Canadian stablecoin issuer Stablecorp, Web3 game developer Voya Games, Bitcoin project Roxom Global, and stablecoin-native cryptocurrency exchange TrueX.
In addition, the Bitcoin liquid staking protocol Rover announced the completion of a $4.1 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom, and others.
(List of projects with financing greater than $5 million last week, data source: Rootdata)
1. Infrastructure
According to Betakit, Canadian stablecoin issuer Stablecorp has completed $1.8 million in financing, with investors including Coinbase Ventures and Side Door Ventures. The funds will be used to expand the infrastructure for the Canadian dollar stablecoin QCAD, including establishing on-chain foreign exchange liquidity and payment channel integration.
The company announced that it will simultaneously carry out structural reforms for QCAD, including the establishment of an independent trust, the QCAD Digital Currency Trust, to manage reserve assets, implement daily market value reports, monthly reserve proofs, and annual audits. QCAD is currently operated as a joint venture between crypto asset management company 3iQ and blockchain developer Mavennet Systems, which received a CAD 1.9 million investment from Circle Ventures and other institutions in 2022.
2. AI
Worldcoin parent company World raises $135 million through WLD token sale for global expansion
According to official news, World Foundation, a subsidiary of the Worldcoin project, announced on May 21 that it raised $135 million by selling WLD tokens at market price to Andreessen Horowitz and Bain Capital Crypto to support the expansion of the World network in the U.S. and globally.
Previously disclosed investors also include Selini Capital, Mirana Ventures, and Arctic Digital.
UBI Network recently announced the completion of seed round financing, led by early-stage technology investment firm LF Labs. This round of financing will be used for global node deployment, AI edge device expansion, optimization of point market mechanisms, and ecological cooperation expansion, further promoting the development of its network infrastructure.
Headquartered in New York, UBI Network aims to create an innovative architecture that integrates AI edge computing with DePIN (Decentralized Physical Infrastructure Network) to provide technical support for exploring universal basic income (UBI) models in the digital age. Users can participate in AI tasks and computing power sharing through plug-and-play devices and receive point incentives in real-time, forming a closed-loop economic system.
LF Labs stated: "The combination of AI and DePIN has long-term application potential, and UBI Network demonstrates strong foresight in technology pathways and product implementation, aligning with our investment logic of 'real-world application.'"
3. Gaming
Web3 game developer Voya Games completes $5 million financing, led by 1kx and Makers Fund
According to Venturebeat, Web3 game developer Voya Games has completed $5 million in financing, led by 1kx and Makers Fund, with participation from RockawayX. Angel investors include Sky Mavis co-founder Jeff 'Jihoz' Zirlin and The Sandbox COO Sébastien Borget.
The funds from this financing will be used to support the development of the casual Web3 game Craft World. Craft World is a casual resource management game where players collaborate with friendly dinosaurs to rebuild civilization after a meteorite destroys humanity. The game is currently in the testnet phase.
4. DeFi
Bitcoin project Roxom Global is establishing a BTC-denominated exchange and a 24/7 media network dedicated entirely to Bitcoin development, RoxomTV.
It is reported that Draper Associates, Borderless Capital, ego death, and Kingsway Capital invested $7.9 million in its exchange and raised $10 million for RoxomTV in a private financing round.
According to The Block, the Bitcoin liquid staking protocol Rover announced the completion of $4.1 million in seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom, and others.
Rover is developing a flagship liquid staking solution for Bitcoin holders on Botanix, the first fully decentralized Bitcoin blockchain. Rover has also received strategic investment from the early Bitcoin venture capital fund UTXO.
5. Others
Circle co-founder’s new company Catena Labs completes $18 million seed round financing, led by a16z
According to Fortune, AI-native financial startup Catena Labs, founded by Circle co-founder Sean Neville, has completed $18 million in seed round financing, led by the crypto division of Andreessen Horowitz, with participation from Breyer Capital, Circle Ventures, Coinbase Ventures, and American football player Tom Brady.
Catena Labs plans to create an "AI-native bank." Investors will receive equity and token subscription rights for unissued cryptocurrencies. Sean Neville stated that the company currently has no plans to issue cryptocurrencies or stablecoins.
Catena Labs has developed a set of open-source protocols for AI payments and identity verification. The company aims to integrate but not be limited to stablecoin technology, focusing on updating existing financial infrastructure to accommodate future AI agent-dominated financial transaction scenarios.
Stablecoin-native cryptocurrency exchange TrueX announced the completion of $11 million in Series A financing, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds are intended to support asset protection for external custodians such as Paxos Custody. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading token, and Paxos provides third-party custody services for TrueX users, with services expected to be initially available to U.S. institutions and certain international institutions in some regions.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
