This week's biggest funding round
Rain raised $250M in a Series C funding round from ICONIQ Capital*, Sapphire Ventures, Dragonfly Capital, Bessemer Venture Partners, Galaxy Digital, FirstMark, Lightspeed, Norwest Venture Partners, Endeavor Catalyst.
Rain is a blockchain-based card issuing and stablecoin interoperability platform designed for Web3 teams, DAOs, and protocols. As Web3’s corporate business card, Rain enables seamless digital asset payments and expense management by allowing platforms to issue customizable, globally accepted payment cards. It streamlines financial operations and empowers next-gen decentralized organizations with modern fintech tools.
Other investment rounds
BlackOpal raised $200M in a funding round from Mars Capital Advisors.
BlackOpal is LATAM's global payments finance platform specializing in tokenized credit card receivables from Brazil's $750 billion payments market. The platform offers institutional-grade tokenized funds delivering 13-14% yields backed by investment-grade Brazilian credit card receivables. Its flagship products include GemStone, a tokenized fund with Baa2 investment-grade classification delivering 13% APY with $4.6 million AUM, and LiquidStone II, which combines emerging market credit card receivables with Superstate's market-neutral strategies targeting 14% yields. All products feature dual TradFi and Web3 infrastructure, bankruptcy-remote structures, full USD hedging, and real-time onchain transparency via Chainlink oracles. BlackOpal launched on Plume Network's Nest protocol with integration across Solana, bridging traditional finance with DeFi composability while maintaining zero credit default.
Ubyx raised undisclosed amount in a funding round from Barclays.
Ubyx is a global clearing and settlement platform designed to make stablecoins function like universal digital cash. It enables banks, fintechs, issuers, and merchants to accept, deposit, and redeem stablecoins at face value across multiple currencies and blockchains through existing financial infrastructures. The protocol uses a shared rulebook and pre-funded settlement accounts to ensure par-value redemption, aligns accounting treatment to cash equivalents (IAS7), and facilitates peer-to-peer payments without intermediaries.
Babylon raised $15M in a funding round from Andreessen Horowitz (a16z crypto)*.
Babylon is a Bitcoin staking infrastructure project pioneering a Bitcoin staking protocol to enhance the security of Proof of Stake (PoS) networks and decentralized applications (DApps). This innovative protocol enables Bitcoin holders to stake their assets, earning rewards and reinforcing the security of PoS chains and DApps.
Tres Finance raised $130M in a M&A funding round from Fireblocks.
Tres Finance is a cryptocurrency accounting and taxation reporting platform designed specifically for Web3 companies. By collecting and aggregating digital asset data from various wallets and accounts, Tres streamlines the accounting process, allowing Web3 firms to enhance monitoring, management, and automation of their financial transactions.
ZenChain raised $8.5M in a funding round from Watermelon Capital*, DWF Labs*, Genesis Capital VC*.
ZenChain is a fully decentralized, EVM-compatible Bitcoin Layer 1 blockchain that leverages Bitcoin’s security to enable scalable smart contracts and cross-chain interactions. Built to bridge the Bitcoin and Ethereum ecosystems, ZenChain allows developers to deploy EVM-based applications while anchoring security and settlement to Bitcoin’s network.
River (ex Satoshi Protocol) raised undisclosed amount in a funding round from Maelstrom.
River is building a chain-abstraction stablecoin system that unifies assets, liquidity, and yield across multiple blockchains. Powered by its omni-chain CDP-based stablecoin, satUSD, users can collateralize assets on one chain and mint on another—unlocking native earning, leveraging, and scaling capabilities. River also offers full-reserve Bitcoin services, including custody, instant transfers, and zero-fee recurring purchases. With a focus on transparency, security, and cross-chain operability, River aims to streamline both Bitcoin and stablecoin infrastructure for users and developers alike.
Jpeg raised undisclosed amount in a Angel funding round from Kartik Talwar, Scott Moore, Sandra Leow, Cindy Leow.
peg is a Web3-native social prediction game where users bet on photos, competing to place the highest stake and win the prize pool. Built around on-chain wagering and community participation, Jpeg blends social media dynamics with prediction-market mechanics. Originally launched as a pixel art NFT platform, Jpeg has evolved into an experimental, fun-first Web3 product focused on social interaction, memes, and gamified speculation. The platform leverages blockchain primitives such as tokenized bets, transparent pools, and on-chain settlement to create a lightweight, engaging experience at the intersection of culture and crypto.
HabitTrade raised $10M in a Series A funding round from Newborn Town*, StableStock, Bright Venture Capital.
HabitTrade is a technology-driven financial services platform offering access to U.S. stocks, Hong Kong stocks, ETFs, options, and cryptocurrencies within a single trading experience. The platform combines traditional brokerage-style market access with Web3-powered social trading and habit-based investing tools. Through gamification, automation, and social features, HabitTrade encourages disciplined t
Stakin raised undisclosed amount in a M&A funding round from The Tie.
Stakin is a Web3 infrastructure provider specializing in enterprise-grade blockchain staking and node operations. It enables institutions, funds, and token projects to securely stake digital assets, run validators, and participate in network governance across multiple Proof-of-Stake blockchains. With a focus on reliability, compliance, and high availability, Stakin offers non-custodial staking, validator services, and tailored infrastructure solutions to support decentralized networks and institutional participation in Web3.
* fund, that lead investment round

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