May was a relatively calm month for cryptocurrency venture capital, but significant funding for tokenization platforms and the Hyperliquid wallet indicates that trading activity remains active.
Perhaps the biggest development is the continued momentum of Twenty One Capital, a Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, cryptocurrency exchange Bitfinex, and Wall Street firm Cantor Fitzgerald. Last month, after its supporters exercised options to purchase additional convertible bonds, the company's total funding reached $685 million.
Supporters of Twenty One Capital have exercised options to purchase an additional $100 million in convertible senior secured notes, bringing the total funding for this Bitcoin treasury company to $685 million.
This news comes a month after Twenty One emerged from obscurity, with plans to acquire billions of dollars worth of Bitcoin.
Twenty One CEO Jack Mallers also announced that the company will launch a proof of reserves, a public ledger to verify its Bitcoin treasury holdings.
The decentralized computing layer aZen completed a $1.2 million seed round led by Waterdrip Capital, with participation from DWF Ventures, Rootz Labs, Mindfulness Capital, and others.
The company is building a decentralized physical infrastructure network (DePIN) for AI applications to reduce reliance on advanced chips amid supply chain disruptions caused by the US-China trade war.
The aZen platform claims to have attracted over 500,000 users, including more than 80,000 active nodes participating in its DePIN testnet.
Venture capital firm Jump Crypto made an undisclosed investment in the tokenization platform Securitize to support larger-scale institutional adoption of tokenized assets and collateral management solutions.
A spokesperson for Securitize told Cointelegraph that this is the company's first investment since BlackRock allocated $47 million in 2024.
Securitize has accumulated $4 billion in on-chain assets, making it the largest tokenization market. The BlackRock dollar institutional digital liquidity fund (BUIDL) tokenized by Securitize has locked in nearly $3 billion in total value.
UK tokenization company Savea raised $2.5 million in a seed round to support its mission of launching tokenized investment products backed by scarce assets such as wine, luxury watches, and classic cars.
The round was led by venture studio EmergentX, with several unnamed angel investors also participating.
Savea's platform allows investors to purchase SAVW tokens—an ERC-20 token fully backed by physical assets held in reserve. These assets are secured through a partnership with the Decentralized Storage and Tokenization Network (DESAT), which is also supported by EmergentX.
Self-custody crypto wallet Dexari completed a $2.3 million seed round led by venture firms Prelude and Lemniscap, with participation from several angel investors in the Hyperliquid ecosystem.
The funds will further develop the Dexari wallet, which also serves as a mobile trading application, and increase resources for the development team. The company plans to eventually launch on the App Store and Play Store.
Roderik van der Graaf, founder and managing partner of Lemniscap, described Dexari as "setting a new standard in the crypto user experience," moving away from complexity.
Dexari is built on Hyperliquid, a decentralized exchange that launched last November and generated considerable buzz.
Related: SOL Strategies reports a net loss of $3.5 million in Q2 2025, with a surge in staking and validation revenue.
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。
