16 projects raised $270.6 million Sodot raised $100 million

This Week, a Total of 16 Blockchain Startups Raised a Combined $270.6 Million

This Week’s Largest Funding

Sodot raised $100 million in a merger and acquisition (M&A) financing round from MoonPay.

Sodot is an Israeli crypto security startup focused on building institutional-grade digital asset infrastructure. It provides self-custodied MPC (Multi-Party Computation) and TEE (Trusted Execution Environment)-based key management, enabling enterprises to securely develop wallets, custody solutions, payment systems, stablecoin operations, and trading systems. By maintaining full control over keys, policies, and deployments, Sodot helps institutions manage digital assets with high security, flexibility, and compliance.

Pre-Seed and Seed Financing

XO Market raised $6 million in a seed round from 20VC Fund, Picus Capital, Coinbase Ventures, Ventures Together, and Foreword.

XO Market is a permissionless “conviction market” protocol that allows anyone to create, trade, and settle “Yes/No” markets backed by real funds. The project is built on a sovereign Rollup and uses Celestia for data availability, combined with AI-driven oracles and decentralized arbitration mechanisms to ensure results are fast, accurate, and tamper-proof. Its adaptive liquidity algorithm maintains market depth even for niche topics, while token incentives reward market makers, traders, and arbiters.

Exponent raised $5 million in a seed round from Multicoin Capital, Solana Ventures, RockawayX, L1D, Prelude, and Theia.

Exponent Finance is a Solana-based DeFi platform offering fixed-rate lending solutions. It allows users to lock in predictable returns, or obtain stable financing through transparent and risk-controlled DeFi infrastructure.

Legend Trade raised $3.5 million in a seed round from Electric Capital, Amber Group, and GSR Markets.

Legend is the world’s first “Trader vs Trader” arena, transforming trading into an interactive, multiplayer experience. Aimed at the next generation of on-chain traders, Legend blends high-performance decentralized infrastructure with game mechanics, enabling users to compete in real time. By turning trading into a dynamic, skill-based challenge (with opponents as players rather than the market), it breaks the dullness of traditional finance. Combined with speed, capital efficiency, and perpetual contracts, Legend aims to reshape on-chain trading through competition and community.

Kaisar Network raised $4 million in a Pre-seed round from Merov Capital, StoneBlock, WM Capital, Arche Fund, Q42, and Unicorn Ventures.

Kaisar Network is a full-stack decentralized ecosystem committed to building a “Sovereign AI Economy” for the era when autonomous AI agents participate in open economic networks. It provides a vertically integrated four-layer architecture:

1. Decentralized GPU infrastructure (scalable AI computing)

2. Full-stack AI Ops environment (building and orchestrating intelligent agents)

3. Programmable economic incentives (agents generate and capture value)

4. On-chain DID and reputation system (verifiable identities)

The project is supported by Outlier Ventures and Borderless Capital, and in partnership with NVIDIA Inception, Xiaomi, and Alibaba Cloud. It has already achieved more than $1.1 million in revenue, more than 1.1 million devices connected, and more than 600,000 active users. The team has 20+ years of experience in cloud infrastructure and distributed systems.

Nuva Labs (formerly ProvLabs / Provenance Blockchain) raised $5.2 million in a seed round from Morgan Creek Capital.

Nuva Labs provides blockchain infrastructure enabling institutions and fintech companies to tokenize, manage, and scale real-world assets. Built on Provenance Blockchain, its Connect platform offers enterprise-grade APIs and SaaS solutions supporting asset issuance, custody management, compliance, capital optimization, and real-time data access, thereby improving the transparency and efficiency of digital asset deployment and distribution.

Fortune Protocol raised an undisclosed amount in a seed round from Cogitent Ventures.

Fortune Protocol is a DeFi protocol for building liquidity infrastructure for prediction markets. By improving capital efficiency and market accessibility, it addresses issues such as liquidity fragmentation, inefficient pricing, and high barriers. The platform allows users to trade outcome positions, predict future events, and hedge risks. By combining liquidity optimization with market prediction mechanisms, it creates a trustless price discovery environment.

Other Funding

Printr raised $2 million in a public sale round.

Printr is a cross-chain Meme coin issuance platform that supports one-click token issuance and trading on 69+ chains. It integrates liquidity and simplifies the token creation process for “degen” users, and provides a waitlist and airdrop incentives.

Fun raised $72 million in Series A from Multicoin Capital, SignalFire, and others.

Fun builds global payment infrastructure connecting fiat and crypto assets for internet-native capital markets.
Its white-label orchestration layer supports deposits, withdrawals, and settlements, serving large-scale platforms.

Key metrics:

• Annual transaction volume: $18 billion+

• Success rate: 99.999%

• Coverage: 100+ countries, millions of users

Core clients: Polymarket (the sole funding provider), Aave, Lighter

Products:

• Deposit

• Withdraw

• Orchestration (cross-system value flow)

• Checkout (payments)

The company was founded in 2022, has been operating in stealth mode until 2026, is expanding into the Asia-Pacific market (Singapore), and is seeking acquisitions, while also targeting integration with non-crypto financial institutions. Positioned as “the entry point to the new economy.”

Belo raised $14 million in Series A from Tether and others.

Belo is an Argentine crypto wallet that uses stablecoins to optimize payments, remittances, and cross-border transfers. Targeting freelancers and remote workers, it supports global collections, holding fiat or crypto assets, and spending via cards, Pix, or QR codes—reducing the cost of cross-border fund flows in Latin America.

Fence raised $20 million from Galaxy Digital and others.

Fence Finance is a SaaS platform for automating debt instrument management (reporting, payments, etc.), improving efficiency, transparency, and compliance, and providing investors with real-time debt information to help companies reduce operational costs by up to 80%.

Take My Muffin (TMM) raised $2.9 million from 1inch.

TMM is an interactive Web3 quiz platform that educates users about blockchain and crypto technologies through gamification, and improves learning and engagement through a rewards mechanism to drive Web3 user growth.

Squads raised $18 million in a strategic round from Solana Ventures, Coinbase Ventures, and others.

Squads is a Solana-based multi-signature protocol offering fully on-chain smart contract wallet infrastructure that helps teams securely manage funds, programs, validator nodes, and tokens.

Blockworks raised an undisclosed amount in Series A.

Blockworks is a digital asset financial media company providing news, research, podcasts, and conferences (such as DAS) to help investors make decisions, and offering in-depth subscription research services.

Liquid raised $18 million in Series A from Neo and others.

Liquid is a decentralized trading super app that supports leverage up to 150x. It offers institutional-grade speed, deep liquidity, low fees, and non-custodial execution, while integrating trading, yield, and asset management.

Four Pillars raised an undisclosed amount in Series A.

Four Pillars is a research-driven blockchain company that helps enterprises efficiently deploy blockchain technology, providing technical, legal, and market analysis support.