This week's biggest funding round
Mesh (ex Front Finance) raised $75M in a Series C funding round from Dragonfly Capital*, Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, Liberty City Ventures.
Global crypto payments network connecting hundreds of exchanges, wallets, and financial services platforms for seamless digital asset transactions. Founded in 2020, Mesh unifies fragmented crypto infrastructure through proprietary SmartFunding technology enabling "any-to-any" payments—consumers pay with any asset (Bitcoin, Solana, etc.) while merchants receive instant settlement in their preferred stablecoin or fiat currency. The platform provides interoperability across multiple blockchains and reaches over 900 million users worldwide. Mesh serves as the asset-agnostic infrastructure layer that allows the entire crypto ecosystem to function as a single, unified payment network, bypassing traditional financial rails and their associated delays and fees.
Pre-seed and Seed investment rounds
Euclid Protocol raised $3.5M in a Seed funding round from KuCoin Ventures, Gate Ventures, 0G Labs, ATOM Accelerator, Kahuna.
Interoperable liquidity consensus layer unifying liquidity across 40+ networks without traditional bridging. Creates Virtual Liquidity Pools (VLP) that virtually aggregate liquidity without physically moving assets, maintaining modularity and accessibility through Virtual Settlement Layer powered by Nibiru Chain. Euclid Messaging Protocol (EMP) enables cross-chain communication across Cosmos (IBC), EVM chains, and Solana ecosystems with instant finality (sub-4 seconds) and 1000+ TPS. Eliminates bridge risks while providing seamless cross-chain swaps, reducing slippage through unified liquidity. Supports permissionless integration for any chain or protocol via LiquiSync framework. Features adaptive algorithms, orderbook and AMM integration, lending markets, and upcoming "Nest" thematic vault strategy product.
Bleap raised $6M in a Seed funding round from Blossom Capital*.
Self-custodial onchain financial app using blockchain as settlement layer for everyday finance. Enables users to spend, save, and move cryptocurrencies globally from single non-custodial wallet through Mastercard debit card integration. Features zero-fee crypto trading across chains (Solana, Arbitrum, Base, BNB Chain), stablecoin payments with 2% USDC cashback, instant cross-border transfers without FX markups, and DeFi yield vaults earning up to 20% APY via Angle Protocol partnership. Supports Apple Pay and Google Pay integration. Registered in Poland under MiCA framework. Targets Europe and Latin America (Mexico, Brazil, Colombia, Peru). Over 20,000 users processing $30+ million transactions annually.
Doppler (Whetstone Research) raised $9M in a Seed funding round from Pantera Capital*, Variant Fund, Figment Capital, Coinbase Ventures.
Whetstone Research is a company focused on developing new protocols to advance on-chain markets. Their initial product, Doppler, is a liquidity bootstrapping protocol built on the Uniswap ecosystem, designed to enhance price discovery and liquidity efficiency. Additionally, they have developed Pure Markets, a DeFi front-end application that operates on top of Doppler.
Tenbin Labs raised $7.1M in a Seed funding round from Galaxy Digital*, Wintermute Ventures, GSR Markets LTD, Variant Fund, Archetype, FalconX, JPEG Trading, Nascent, Reverie, Bankless Ventures, Alpen Labs, Primitive, Fenbushi Capital, Uniswap Labs Ventures, Keone Hon.
Tenbin Labs is a New York-based tokenized asset protocol building institutional-grade tokenized commodities and foreign exchange markets. Unlike custody-based wrappers, Tenbin uses CME futures contracts to anchor pricing and manage exposure, enabling fast settlement, real-time pricing accuracy, and futures basis yield capture that's passed to token holders. The platform launches first with tokenized gold in early 2026, partnering with prime brokers Hidden Road and StoneX, followed by high-yield FX tokens denominated in emerging market currencies like Brazilian real and Mexican peso. Tenbin's design enables instant minting and redemptions without fees, allowing tokens to move freely across DeFi protocols while offering alternatives to USD stablecoins.
Everything raised $6.9M in a Seed funding round from Humanity Protocol*, Animoca Brands, Hex Trust, Three Point Capital.
Everything is building a unified "everything exchange" that integrates perpetual futures, spot markets, prediction markets, and payment solutions into one seamless platform. The project aims to consolidate multiple financial instruments and trading mechanisms that are typically fragmented across different protocols into a single, comprehensive exchange infrastructure. By combining derivatives trading, spot trading, prediction markets, and payment rails, Everything seeks to create an all-in-one financial platform for the crypto ecosystem.
Zona raised $500K in a Pre-seed funding round from Animoca Brands, Echo, Purple.
Zona is a Real World Asset platform specializing in RWA lending and leverage. The platform consists of two core products: ZonaLend, a lending platform supporting both in-house and third-party RWAs as collateral, and Zona Parkhub, their tokenized real estate product starting with parking spaces. Zona enables one-click looping strategies that allow users to amplify yield and price exposure through automated leverage on RWA positions. The platform features proprietary price indexes that track real estate values across different cities, enabling accurate and frequent collateral valuation. This infrastructure unlocks onchain mortgages and revolutionizes property-backed lending in DeFi.
Other investment rounds
Talos raised $45M in a Series B funding round from Robinhood, Sony Innovation Fund, IMC, QCP Capital, Karatage, Andreessen Horowitz (a16z crypto), BNY, Fidelity Management and Research Company.
Institutional-grade digital asset trading infrastructure platform supporting full trade lifecycle from price discovery to settlement. Provides end-to-end technology connecting institutions to 60+ exchanges, OTC desks, custodians, and market makers through single interface. Features advanced algorithmic execution, smart order routing, portfolio management, risk management, treasury and settlement, white-label solutions, and DeFi integration. Acquired Coin Metrics (data), Cloudwall Capital (portfolio engineering), Skolem (DeFi), and D3X Systems (systematic strategies). Serves hedge funds, banks, asset managers, brokers, and neobanks representing $21 trillion AUM with 150 million retail customers. SOC2 Type 2 audited with institutional-grade security. Integrated with BlackRock Aladdin, Uniswap, Fireblocks, and major trading venues.
Flying Tulip raised $25.5M in a Series A funding round from Amber Group, Fasanara Digital, Paper Ventures.
The platform is positioned as a full‑stack on‑chain exchange integrating spot trading, derivatives, lending, stablecoins, and insurance into a unified cross‑margin system. A unique “on‑chain redemption right” lets investors burn their FT tokens to reclaim their original capital, offering downside protection while preserving upside growth. Team allocations are earned through open market buybacks rather than initial grants, aligning incentives with long‑term performance.
Xangle raised $6.9M in a funding round from Hanwha.
blockchain-based digital asset data platform
Bulletin raised undisclosed amount in a M&A funding round from DeFiLama com.
OTC (over-the-counter) data aggregator specializing in secondary market intelligence for private crypto companies. Collects and aggregates bids, asks, and secondary sales data from multiple OTC brokers, providing the only public database tracking private company valuations in the crypto space. Platform originally launched to connect buyers and sellers of private companies' shares and tokens, evolved into data intelligence service. Enables investors to track private market valuations before companies go public. Operated as one-man operation aggregating hard-to-find proprietary data from over-the-counter brokers. Post-acquisition, founder serves as advisor to DefiLlama for OTC data expansion.
Startale Labs raised $13M in a Series A funding round from Sony Innovation Fund*.
Startale Labs is an advanced Web3 technology company that specializes in developing multi-chain applications and infrastructure, conducting research and development, and providing incubation programs for Web3 startups. They are known for their products such as Astar Network, a popular smart contract platform in Japan, and Swanky Suite, a comprehensive tool for WebAssembly smart contract developers.
Humanity Protocol raised undisclosed amount in a funding round from Hex Trust.
Humanity Protocol is a human-centric zkEVM Layer-2 blockchain pioneering the world's first sybil-resistant network of blockchains, aiming to onboard the first billion humans to Web3. Its mission is to develop Proof of Humanity, offering developers distinctive human authentication mechanisms and empowering users with full control over their data and identity, serving as the human layer for the next generation of the internet.
AetheriumX raised $8M in a Strategic funding round from Cryptogram Venture (CGV), Gains Associates, The DuckDao, Genesis Capital VC.
Web3 platform integrating DeFi, GameFi, prediction markets, and creator economy through the Distributed Capital Intelligence Protocol (DCIP). Features programmable Strategy Execution Network coordinating non-custodial on-chain assets to transform passive yield into participatory, composable growth. Dual-token structure: AXT for ecosystem participation and strategy execution mapping, VEXA for governance, risk control, and ecosystem coordination with buyback-and-burn deflation. Supports staking across mainstream assets (USDT, ETH, BNB, SOL) mapped to diversified strategies across DeFi, CeFi, and RWA. Emphasizes transparent on-chain accounting, auditability, and scalability. Ecosystem fund supports developer incubation. Asia-Pacific expansion targeting Japan and South Korea markets.
Zama raised $44M in a Public sale funding round from .
Zama is an open-source cryptography company, specializes in state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and AI. Their user-friendly FHE libraries empower developers, from individuals to enterprises, to easily integrate end-to-end encryption without deep cryptography knowledge. Zama's performance focus has led to a 20x speed improvement in their FHE scheme, with plans for a 100x boost, enabling critical use cases in confidential blockchain and AI, and anticipating dedicated FHE hardware accelerators for web-scale applications like confidential Large Language Models (LLMs) and encrypted Software-as-a-Service (SaaS).
Sentient raised undisclosed amount in a funding round from Franklin Templeton.
Sentient is an AI research organization fostering an Open AGI Economy for AI builders and creators. It develops platforms and protocols enabling open-source AI developers to monetize their innovations, collaborate on powerful AI projects, and become significant stakeholders in a decentralized AI ecosystem. Sentient addresses the limitations of closed-source AI by promoting open, monetizable, and community-aligned AI models through blockchain protocols and incentive mechanisms.
StreamEx raised $35M in a IPO funding round from .
StreamEx is an institutional-grade Real World Asset tokenization platform specializing in bringing commodities on-chain through regulated financial instruments. The company's flagship product is GLDY, a gold-backed stablecoin that offers up to 4% annualized yield paid in physical gold ounces through gold-leasing arrangements. StreamEx provides institutional infrastructure for ETFs, asset managers, and custody providers, featuring partnerships with Chainlink for Proof of Reserve verification and cross-chain functionality across Base and Solana networks. The platform combines physical gold backing with blockchain technology to deliver capital preservation, liquidity, and predictable income for institutional investors and portfolio managers.
* fund, that lead investment round

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