Crypto Fundraising weekly
Dates: 04 – 10, May 2025

This week's biggest funding round

Deribit raised $2.9B in a M&A funding round from Coinbase.

Deribit is a centralized cryptocurrency derivatives exchange offering futures, options, and perpetual contracts on Bitcoin, Ethereum, and other major assets.It is known for deep liquidity, high leverage (up to 100x), and advanced trading tools tailored to institutional and retail users. Deribit dominates the crypto options market, handling over 85% of global trading volume.

Pre-seed and Seed investment rounds

Xpfinance raised $200K in a Seed funding round from Xenoverge Angel Fund.

Xp.Finance is a fully decentralized, non-custodial lending and borrowing protocol built natively on the XRP Ledger (XRPL). It enables XRP holders to earn yield through over-collateralized loans while maintaining full custody of their assets. Leveraging XRPL’s fast settlement speeds and low transaction fees, Xp.Finance offers a transparent and secure platform for decentralized finance (DeFi) activities. The protocol is governed by the $XPF token, which provides holders with governance rights, reduced borrowing costs, and staking rewards.

GoQuant raised $4M in a Seed funding round from GSR Markets LTD*, Copper co, Lombard Odier, Capital Union Bank, TYR Capital, FRNT Financial.

GoQuant is a Miami-based digital asset trading infrastructure provider, offering ultra-low-latency execution, private trading infrastructure, and fixed-fee models tailored for institutional clients. Its platform includes an Order Execution and Management System (OEMS), comprehensive market data services, and portfolio and risk management tools. GoQuant integrates with centralized exchanges, decentralized platforms, OTC desks, and market makers, providing seamless access to diverse liquidity sources.

T-Rex raised $17M in a Pre-seed funding round from Portal Ventures, North Island Ventures (NIV), Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindfulness Capital, Hypersphere, SNZ Holding, Arche Fund (Coin98 Ventures).

T-Rex is a Web3 consumer entertainment platform and Layer 1 blockchain that rewards users for engaging with online content across platforms like X, TikTok, and YouTube. Through its Proof of Engagement (PoE) mechanism, users earn crypto by interacting with a zkTLS-powered browser extension that verifies activity without compromising privacy. The gamified system involves clicking on-screen prompts (“popcorn”) during content consumption to accumulate points, which are later redeemed for crypto rewards. As users engage, the platform learns preferences to deliver personalized dApp and content suggestions. Built on Arbitrum Orbit, T-Rex also provides a low-latency, high-throughput infrastructure for developers to build consumer-facing applications.

Xweave raised $3M in a Seed funding round from Jungle Ventures*, Lightshift*, Menyala, White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept.

Xweave is a Singapore-based fintech platform, offering a blockchain-powered, non-custodial infrastructure for real-time, compliant cross-border payments. It enables instant fiat-to-fiat transactions using regulated stablecoins, eliminating the need for pre-funding and reducing FX risk. The platform integrates traditional fiat systems with stablecoin networks, facilitating seamless money movement across markets.

Other investment rounds

Fleek raised $7M in a Public sale  funding round from .

Fleek is the Agentic Cloud platform, offering developers, creators, and brands everything needed to build, manage, and monetize AI agents and virtual influencers. Positioned as the next evolution beyond websites and apps, Fleek provides a premium cloud experience tailored for AI-native interactions, digital twins, social agents, and marketing campaigns. It empowers the future of online engagement through scalable, monetized AI infrastructure.

Sonic Labs (ex FTM) raised $10M in a Strategic  funding round from Galaxy Digital.

Sonic Labs is a high-performance, EVM-compatible Layer 1 blockchain reimagined from the Fantom network. It delivers up to 400,000 transactions per second with sub-second finality, leveraging a DAG-based consensus and Proof-of-Stake mechanism. Sonic introduces developer-friendly features like the Fee Monetization (FeeM) program, allowing developers to earn up to 90% of transaction fees generated by their applications. The native token, $S, facilitates transaction fees, staking, and governance. Sonic Gateway provides a decentralized bridge to Ethereum, ensuring secure and efficient cross-chain asset transfers.

Securitize raised undisclosed amount in a Strategic  funding round from Jump Crypto*.

Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain.

MYX Finance raised $180K in a Public sale  funding round from .

MYX.Finance is a decentralized derivatives exchange (DEX) that transforms the trading landscape with its P2Pool2P (peer-to-pool-to-peer) model and intelligent funding rate mechanism. The platform simplifies liquidity management with a single-pair LP system, empowering traders to focus on strategies. MYX.Finance offers a diverse array of derivatives instruments, including perpetual futures and options, ensuring a comprehensive trading experience.

DogeOS raised $6.9M in a  funding round from Polychain Capital*.

DogeOS is an open-source application development and cloud infrastructure layer built for the Dogecoin ecosystem. It supports a range of decentralized applications—from gaming to AI—while also functioning as a high-performance operating system using SmartOS and Project FiFo. The platform features advanced components like ZFS storage, DTrace, lightweight Zones, and KVM virtualization. With built-in orchestration for virtual machines, DogeOS facilitates scalable, secure, and efficient application deployment. DogeOS bridges consumer dApps and infrastructure under a unified, community-driven framework.

Sentora raised $25M in a Series A  funding round from New Form Capital*, Joint Effects, Tribe Capital, Ripple, UDHC, Curved Ventures, Bankai Ventures.

Sentora is an institutional-grade DeFi asset management platform that integrates IntoTheBlock’s analytics and Trident’s structured liquidity solutions to offer a unified interface for multi-chain protocol interactions. It provides advanced DeFi strategies, robust risk management, and enterprise-grade security to empower institutions in launching and scaling digital asset strategies.

Litheum raised $750K in a Strategic  funding round from Alphemy Capital*, Amber Group*.

Litheum is a next-generation Layer 1 blockchain platform designed to support decentralized finance (DeFi), micro-finance, and AI-driven applications. It introduces a novel Proof of Performance (PoP) consensus mechanism that incentivizes every critical Remote Procedure Call (RPC), ensuring true decentralization and scalability. Litheum enables microtransactions at scale, facilitating use cases like micro-lending, automated dollar-cost averaging, and AI agents acting on behalf of users. Its architecture aims to overcome traditional blockchain limitations, offering lower transaction fees, faster speeds, and increased interoperability for decentralized applications (DApps).

AppLayer (ex SparqNet) raised undisclosed amount in a  funding round from Arcanum Ventures.

AppLayer is a modular EVM-compatible blockchain platform designed for high-performance, cross-chain decentralized applications (dApps). It features a C++-based execution engine with stateful pre-compiles, achieving up to 65x faster execution compared to traditional EVM networks. AppLayer’s architecture supports seamless interoperability through its Chain Abstraction Network (CAN), enabling efficient bridging of data and assets across various blockchains, including Ethereum and Solana. The platform provides a Blockchain Development Kit (BDK) for developers to build and manage scalable applications, with support for both Solidity and native C++ smart contracts.

BVNK raised undisclosed amount in a  funding round from Visa.

BVNK is a fintech company that provides stablecoin payment infrastructure, bridging traditional banking systems with blockchain technology to facilitate faster and more efficient global money movement.

Alt DRX raised $2.7M in a Series A  funding round from Qatar Development Bank, Brand Capital, Hindustan Media Ventures (HMVL), Zee Group, WeFounderCircle, nX Capital.

Alt DRX is a blockchain-powered digital real estate exchange that enables users to invest in and trade tokenized residential properties, starting from as little as one square foot. By leveraging fractional ownership and real-time pricing, the platform democratizes access to premium real estate assets, offering enhanced liquidity and transparency in property investments. Alt DRX operates within regulatory sandboxes like IFSCA and Qatar Financial Centre’s Digital Assets Lab, aiming to revolutionize traditional real estate investment models.

Tea-Fi raised undisclosed amount in a  funding round from Castrum Capital.

Tea-Fi is a comprehensive DeFi platform designed to simplify digital asset management by integrating various financial services into a single, user-friendly ecosystem. It offers features such as yield aggregation, staking, lending, and cross-chain trading, all while maintaining user control and privacy.

* fund, that lead investment round