[IOSG Ventures Announces Investment in Fun, Providing Global Funding Gateways for Platforms Like Polymarket] BlockBeats reported on October 26th that IOSG Ventures announced an investment in Fun, betting on global funding infrastructure for the internet market. Fun provides fiat currency trading, payment routing, and cross-chain fund settlement services for prediction markets, on-chain perpetual contract platforms, and DeFi applications, helping users transfer funds between different fiat currencies, digital assets, and blockchain networks. According to IOSG, Polymarket's fiat currency transactions are all processed through Fun, and platforms such as Lighter and Aave also use its services. Fun currently processes $100 billion annually, covering more than 150 countries and regions and over 50 payment methods. IOSG believes that as prediction markets, on-chain trading platforms, and tokenized asset applications expand, the smooth flow of funds will directly impact user conversion rates and platform growth. Fun aims to reduce the complexity of platforms integrating fiat currency channels, wallets, stablecoins, and multiple blockchains through a unified funding access layer. The company was founded by Alex Fine in 2022. [Original link]