This week's biggest funding round
Gauntlet raised $130M in a funding round from SBI Holdings (SBI Group).
Gauntlet builds a blockchain simulation and testing platform for financial systems.
Pre-seed and Seed investment rounds
QIZ Security raised $17M in a Seed funding round from Bessemer Venture Partners*, Evolution Equity Partners.
QIZ Security provides cryptographic posture and post-quantum cryptography management for enterprise environments. It helps organizations continuously discover cryptographic assets, model risks, enforce remediation, align cryptographic policy, maintain inventory and governance, and support migration planning toward crypto-agility and quantum-safe security across hybrid and complex infrastructures.
M1X Global raised $5.5M in a Seed funding round from Paradigm*, Breed VC.
M1X Global builds sovereign financial infrastructure and worked with the Republic of the Marshall Islands to help issue USDM1, a tokenized U.S. dollar-denominated sovereign debt instrument backed one-to-one by U.S. Treasuries and issued natively by a sovereign on a public blockchain. USDM1 is available on Stellar, Canton, and Solana, and is designed for government aid disbursements and institutional use as collateral in regulated financial markets.
Other investment rounds
TrueDAO raised $10M in a Strategic funding round from Brevan Howard Digital*, Zee Prime Capital, Jump Capital.
TrueDAO is an AI-driven decentralized financial infrastructure project built with smart contracts, on-chain reserves, dynamic adjustment mechanisms, and community governance. It provides modular financial infrastructure for ecosystem projects, including liquidity management, reserve management, risk alerts, yield distribution, and governance support. The project also includes AI-driven risk monitoring and stress testing, protocol operations disclosure, and reserve data reporting in phases.
01 Exchange raised undisclosed amount in a M&A funding round from N1 Chain.
A full stack financial network that operates a trading venue and margining engine/orderbook. The network says it will move all trading activity to app.n1.xyz, with no asset migration required and user funds unaffected. It plans to add deeper liquidity, more markets, RFQ, vaults, equities, additional on-chain financial products, and native iOS and Android apps.
Cypher Wallet raised undisclosed amount in a M&A funding round from Nium.
Cypher is a Web3 wallet that solves the complexity of money movement in Web3 by offering the world’s first fully comprehensive Web3 financial ecosystem: one wallet for everything in Web3. Users can easily purchase and manage crypto across multiple chains and easily connect to any Web3 application within multiple ecosystems, without the need for separate wallets.
Elliptic raised undisclosed amount in a funding round from Circle.
Elliptic is a blockchain analytics and crypto compliance platform that helps financial institutions, exchanges, regulators, and Web3 companies detect and prevent illicit activity across blockchain networks. Founded in 2013, the company provides AML monitoring, wallet screening, transaction tracing, forensic investigations, and risk intelligence tools powered by large-scale blockchain data analytics and AI. Elliptic supports dozens of blockchains and enables organizations to manage crypto compliance, sanctions screening, and financial crime investigations in real time.
Mercado Bitcoin raised $20M in a funding round from Tether.
Mercado Bitcoin is the largest cryptocurrency platform in Latin America and the only Latin American Crypto Unicorn, offering a diverse portfolio of selected cryptocurrencies, digital assets with global partners, and assets created from their own strategies to democratize access to cryptocurrencies and digital assets, allowing users to diversify and reinvent their portfolios. They are Brazil's leading cryptocurrency exchange and one of the world's most trusted exchanges in 2020.
EDX Markets raised $76M in a Series C funding round from SBI Holdings (SBI Group)*.
EDX Markets is a platform that provides a trusted, efficient, and liquid trading experience for cryptocurrencies and other digital assets, incorporating best practices from traditional finance to offer competitive quotes and a unique non-custodial model.
KOR Protocol raised $7.5M in a Series A funding round from 1kx*, Blockchain Capital*, Republic Crypto, Sfermion, Alumni Ventures (AVG), SevenX Ventures.
KOR Protocol is a decentralized IP infrastructure that empowers creators and rights holders across music, film, gaming, and art to register, license, and monetize their work on-chain. It features tools for tokenizing IP, automated licensing, royalty distribution, conflict resolution, and AI-driven metadata management. Built on a ZK-enabled Layer 2 and backed by partners like Animoca Brands, Pixelynx, and Beatport, KOR offers SDKs and developer tools to facilitate interactive formats, AI remixing, and transparent fan engagement, aiming to build the largest on-chain IP economy.
* fund, that lead investment round

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