17 projects raised $673.6M; Crypto.com raised $400 million

Compilation: Golden Finance

This week, 17 blockchain startups completed fundraising, with a total funding amount of $673.6 million.

Biggest funding this week

Crypto.com completed $400 million in funding, with investors including Citadel Securities (Castle Securities).

Crypto.com is a global cryptocurrency platform offering products such as centralized exchange (CEX), self-custody wallets, crypto payments, staking, trading services, NFTs, and blockchain infrastructure.

At the same time, Crypto.com also developed the Cronos ecosystem, including the EVM and zkEVM networks, providing developers with infrastructure to build decentralized applications (DApps) and DeFi services. The platform supports dozens of blockchains and aims to accelerate the mainstream adoption of cryptocurrencies through a complete suite of financial products, offering comprehensive services to consumers, institutions, and developers.

Pre-Seed and Seed round fundraising

Trasia completes $1.8 million Seed round

Investors: Multicoin Capital

Trasia is a non-custodial perpetual contract trading platform built on Hyperliquid, focused on Asian crypto traders.

The platform provides a fast and intuitive trading interface, usable for:

• Market discovery

• K-line chart analysis

• Order management

• Perpetual contracts trading

At the same time, it leverages Hyperliquid’s high-performance infrastructure to deliver a low-latency trading experience.

Trasia aims to build a trading platform that better fits Asian users’ habits. Without giving up non-custodial asset custody rights, it provides users with advanced trading tools, smooth portfolio management, and rapid order execution experience.

Zero Delta (Glacis Labs) completes $6.8 million Seed round

Investors:

• Lightspeed Faction (lead)

• Franklin Templeton

• Coinbase Ventures

• Protein Capital

Glacis Labs built ZeroDelta, a multichain clearing platform that enables matching of digital assets between different blockchains, netting settlements (Netting), and final settlement (Settlement).

Its underlying stack is built on:

• Glacis Core (cross-chain message layer)

• AirLift (cross-chain asset transfer layer)

on top of that.

Currently supports:

• USDC

• USDT

• USDe

among other stablecoins.

The company says it plans to expand into:

• Tokenized securities

• RWA (real-world assets)

• Foreign exchange (FX)

ZeroDelta currently mainly serves institutional clients.

Other fundraising

Coinhako acquired by SBI Holdings (amount not disclosed)

Funding type: M&A (merger and acquisition)

Investors:

SBI Holdings (SBI Group)

Coinhako is a centralized cryptocurrency exchange headquartered in Singapore, founded in 2014.

The platform supports:

• Buying and selling digital assets

• Crypto-to-crypto exchange

• Secure custody of digital assets

Coinhako has obtained a Major Payment Institution license issued by the Monetary Authority of Singapore (MAS), serving retail and institutional clients in Asia.

Its business includes:

• Fiat on-ramp

• Spot trading

• Crypto wallets

• Regular investment (DCA)

• OTC over-the-counter trading

The platform has long emphasized:

• Compliant regulation

• Security

• User-friendly access to crypto assets

Alpaca completes $135 million funding

Investors:

• Peak XV Partners (formerly Sequoia India & Southeast Asia, lead)

• Elefund

• Opera Tech Ventures

• Unbound

Alpaca is a financial infrastructure platform providing commission-free stock, options, and crypto trading APIs.

Its main products include:

• Trading API

• Broker API

• Market Data API

Customers include:

• Fintech companies

• Quant trading teams

• Financial institutions

The platform supports:

• More than 20 cryptocurrencies

• 56 trading pairs

• 7x24-hour trading

It also provides:

• Secure custody

• Real-time market data

• Low-latency order processing

• Highly scalable trading infrastructure

Suitable for a wide range of quant and automated trading strategies.

Glide acquired by MoonPay (amount not disclosed)

Funding type: M&A

Glide is a Web3 payment infrastructure suite.

Developers only need a single integration to enable users to top up crypto via:

• Any token

• Any wallet

• Any blockchain

• Centralized exchanges

• Credit/debit cards

Completing crypto asset deposits.

The platform automatically handles:

• Bridge

• Swap

• Gas management

This significantly lowers the barrier for users’ first-time use of Web3.

Developers can integrate:

• Deposit Widget

• Headless SDK

Supports:

• 100+ tokens

• 30+ blockchain networks

Thereby improving payment success rate and cross-chain payment experience, while ensuring on-chain transactions are transparent and verifiable.

Pascal completes $9 million Series A

Investors:

Union Square Ventures (USV) (lead)

Pascal is a prediction market trading platform.

Users can trade and make predictions in a market-driven way around real-world events.

The platform emphasizes:

• Fast matching

• High liquidity

• Professional trading experience

instead of a traditional gambling-style interface.

It also provides:

• REST API

• WebSocket API

so quant traders can easily access:

• Real-time market prices

• Order books

• Market metadata

Cyclops completes $20 million Series A

Investors:

• Nava Ventures (lead)

• Coinbase

• Circle

• Castle Island Ventures

• F-Prime Capital

• OpenFX

Cyclops is a stablecoin payment infrastructure platform for payment service providers (PSPs) and merchant acquirers.

It helps businesses provide:

• Cryptocurrency payments

• Stablecoin settlement

• Digital asset functionality

without having to build blockchain systems themselves.

After integrating Cyclops, the payment platform allows merchants to directly accept crypto payments and automatically complete settlement using stablecoins.

The company was created by the founding team behind The Giving Block, with the goal of connecting traditional payment systems with blockchain settlement networks.

Sovereign Labs acquired by Celestia Foundation (amount not disclosed)

Funding type: M&A

Sovereign Labs is building an open, interconnected Rollup ecosystem so that different Rollups can interoperate across any blockchains.

The team developed an SDK to help developers quickly create new ZK Rollups using open-source components and deploy them across various blockchains.

bloXroute acquired by FalconX (amount not disclosed)

Funding type: M&A

bloXroute is a Layer 0 blockchain infrastructure provider.

Its Blockchain Distribution Network (BDN) can improve:

• Transaction propagation speed

• Block propagation efficiency

Covering:

• Ethereum

• Solana

• BNB Chain

• Base

• TON, and other ecosystems

Main target customers include:

• Validators

• Searchers

• DeFi traders

• Developers

Helping achieve:

• Faster trade execution

• Higher block packaging success rate

• More stable data flow

without modifying the underlying consensus protocol.

MasterDEX acquired by LCX (amount not disclosed)

Funding type: M&A

MasterDEX is an AI-driven multi-chain DeFi platform.

It integrates:

• Decentralized trading

• Portfolio management

• Market analysis

• Perpetual contracts

• Tokenized stocks

• DEX aggregation

The platform supports:

• Solana

• Base

• Ethereum

• Arbitrum

and offers:

• AI market analysis

• Best-price routing

• API interfaces

The goal is to integrate discovery, trading, and analysis into a unified platform.

Velocity completes $38 million Series A

Investors:

• Dragonfly Capital (lead)

• FirstMark (lead)

• Activant Capital

• Capital One Ventures

• QED Investors

• Coinbase Ventures

• Wintermute Ventures

• Ripple

Velocity is an enterprise-grade stablecoin funds management and clearing platform.

Main customers include:

• Enterprises

• Payment institutions

• Financial institutions

The platform supports:

• Holding stablecoins

• Funds transfers

• Stablecoin settlement

and connects:

• Banking systems

• Compliance frameworks

Its goals include:

• Shortening settlement cycles

• Eliminating the need for prefunding

• Improving cross-border capital efficiency

• Enabling companies to earn yield on idle funds

• Unifying fiat and stablecoin funds management

• Coordinating clearing across banks, card networks, payment processors, and digital asset networks

• Reducing FX friction

Pact Labs completes $7 million Series A

Investors:

• Tether (lead)

• Blockchange Ventures

Pact Labs provides infrastructure for USAT (as stated in the original text) in the following scenarios:

• Payroll disbursement

• Earned Wage Access (salary advance)

• Credit

• Daily payments

The company says it hopes to help U.S. employees receive pay faster, while helping businesses make payments 24/7 by sending digital dollars directly to employees and reducing the impact on payment efficiency from intermediary steps.

ADI Chain completes $50 million funding

Investors: not disclosed

ADI Chain is the first institutional Layer 2 blockchain in the MENA (Middle East and North Africa) region.

Key focus areas include:

• Stablecoins

• RWA (real-world assets)

The official says the network is trusted by the government, aiming to push emerging economies to go fully on-chain.

Adopts:

• AI automatic architecture generation

• GPU computing

It can provide high-performance infrastructure needed in areas such as:

• Financial systems

• Digital identities

• Healthcare

• Governmental applications

Savior Of Health completes $4 million funding

Investors:

• Amber Group

• Basics Capital

• Animoca Brands

• Candaq Fintech Group

• tbv

Savior of Health is an AI-driven healthcare project.

Main directions include:

• Next-generation healthcare infrastructure

• AI research based on health questionnaires and surveys

• Building a global healthcare ecosystem

Imperator acquired by Hyperdash (amount not disclosed)

Funding type: M&A

Imperator is an institutional-grade validator and data infrastructure company.

It mainly provides:

• Secure and convenient crypto asset staking

• Non-custodial staking solutions

Helping investors and token holders protect blockchain network security.

The announcement also mentions that its data analytics capabilities will serve the Hyperliquid ecosystem as well.

AXON Finance completes a $2 million strategic funding round

Investors:

• Infinite Alliance

• UZ Capital

• BMFoundation (Bluemont)

AXON Finance is a Layer 1 public chain built specifically for PayFi (payment finance).

Key features include:

• High throughput

• Sub-second finality

• Low and predictable transaction fees

The network is built-in with:

• Stablecoin settlement primitives

• Account Abstraction

• Fee Sponsorship

• Plug-and-play compliance gateways

In addition, it also supports:

• Instant stablecoin settlement

• AI Agent payments

• On-chain money markets

• Cross-border B2B payment settlement

The project also proposes a Chain-native Controlled Payment Execution mechanism, enabling automatic payments to be set with:

• Payment amount limits

• Time windows

• Whitelists

• Revocability mechanisms

to improve the security and controllability of automated payments.