18 projects raised $177.5 million Plasma raised $50 million

Compiled by: Golden Finance

The largest financing round this week

Plasma raised $50 million in a public financing round.

Plasma is a high-throughput, zero-fee payment platform built on Bitcoin. It supports zero-fee transfers of the US dollar stablecoin (USD₮) and can achieve more than a thousand transactions per second, relying on the security of Bitcoin. Plasma introduces a new "Nakamoto Proof of Stake" (Nakamoto PoS) consensus mechanism and a hybrid UTXO/account architecture that enables developers to build and execute modular smart contracts. The platform aims to enhance the utility of Bitcoin in payments and decentralized applications through scalable, low-latency solutions.

Seed and Pre-Seed Rounds

ACM+ (AI Cross Matrix) completed a seed round of financing of US$12 million, with investors including Asva Capital, Genesis Capital VC, BuzzBridge Capital, Avalon Wealth Club, and M2M Capital.

ACM is a privacy-centric financial protocol that supports decentralized, cross-chain, and untraceable asset transfers. It is based on zero-knowledge proofs (ZKP), ring signatures, and AI path obfuscation to achieve end-to-end anonymous and secure transaction routing. ACM is committed to becoming an open, private, and compliant Web3 financial infrastructure.

Function (formerly Ignition) completed a $10 million seed round of financing, with investors including Galaxy Digital, Antalpha Ventures and Mantle Network.

Function’s ƒ(BTC) is an institutional-grade protocol that seamlessly integrates Bitcoin into the DeFi ecosystem. It implements the minting and destruction of FBTC through multi-signature and MPC, and releases Bitcoin liquidity on chains such as Ethereum, Arbitrum, and Mantle. Its current TVL exceeds $1.6 billion.

W3.io completed a $7 million seed round of financing, with investors including Blockchange Ventures, Framework Ventures and Arrington Capital.

W3.io is building the world's first "Programmable Intelligent Economy" (PIE) middleware to make blockchain "intelligent". Its "Prodigy Networks" system can automatically process on-chain and off-chain logic, support AI-responsive smart contracts, automatic mortgage systems, etc.

Other rounds of financing

Pocket Protector was acquired by the dYdX Foundation for an undisclosed amount.

This is a social trading platform that runs through Telegram robots and iOS applications, allowing users to directly trade tokens and perpetual contracts on networks such as Solana and Hyperliquid in a chat environment, and supports copy trading, stop profit and stop loss, and leaderboards.

Kun Completes Series A, with an undisclosed amount from investors including BAI Capital, GSR Ventures and Eternium Global.

Kun provides global digital payment services, focusing on cross-border trade, overseas enterprises and Web3 users, using payment licenses in Hong Kong, Singapore, the Middle East and the European Union to solve payment problems between stablecoins and fiat currency systems.

Spiko Completes US$22 million Series A, with investors including Index Ventures, White Star Capital, Blockwall, Bpifrance and others.

Spiko is a French compliant fintech platform that supports the tokenization of securities. The first product is a UCITS money market fund backed by Eurozone and US Treasuries, accessible through a Web3 wallet and audited by PwC, with funds custodied at Credit Agricole.

XMTP (Ephemera) completed a $21 million Series B financing, with investors including USV, a16z, Lightspeed Faction, Coinbase Ventures, etc.

XMTP is the mainstream decentralized messaging protocol of Web3, adopts the MLS standard protocol of IETF, supports end-to-end encryption, anti-spam mechanism, and provides DMs, group chat and notification functions for protocols such as ENS, Lens, Farcaster, etc.

Blockskye completed a $15.8 million Series C financing, with investors including Blockchange Ventures, United Airlines, Lightspeed Faction, etc.

Blockskye is an enterprise travel and payment platform that integrates KAYAK and PwC workflows, provides on-chain booking and payment, saves transaction costs and improves efficiency. It is used by PwC, Deloitte and other companies.

Fluent Labs completed a $2.2 million financing, with investors including Echo, Native Crypto, Q42 and others.

Fluent is an Ethereum second-layer network and development framework that integrates multiple virtual machines such as EVM, SVM and Wasm, supports atomic combination and interoperability between languages such as Solidity and Rust, and improves the expressiveness and diversity of dApps.

Trends completed angel round financing, the amount was not disclosed, and investors included Anatoly Yakovenko, WereMeow, Bryan Pellegrino and others.

Trends is a tweet tokenization protocol based on Solana. Users can mint tweets into on-chain assets and trade them, creating a new social financial experience through rankings, point systems, etc.

Sidekick received financing (amount not disclosed), and the investor is Fenbushi Capital.

Sidekick is a real-time live broadcast trading platform where users can trade digital assets while live broadcasting, combining interaction with instant trading to expand market participation.

PlaysOut completed strategic financing, and the investor is OKX Ventures.

PlaysOut is a multi-engine compatible mini-game platform embedded in super applications such as Tencent Cloud and TON Play, supporting Web3 wallet login, payment and NFT functions.

Football Fun completed a $2 million financing, with investors including 6th Man Ventures, Devmons, Zee Prime Capital, etc.

Football.Fun is a Web3 fantasy football platform where players can form teams and participate in competitions by opening cards, and trade player cards through dynamic AMMs, supporting free trials, internal testing, and airdrops.

Vision completed a $3 million public fundraising.

Vision is a Web3 ecosystem launched by Bitpanda, using VSN tokens, integrating DeFi wallets, cross-chain protocols, Launchpad, and Ethereum L2, supporting RWA assets, governance, staking, and compliant token issuance.

Dakota completed a $12.5 million Series A financing, with investors including CoinFund, 6th Man Ventures, DCG, etc.

Dakota is a modern corporate banking platform driven by stablecoins, providing global settlement functions such as ACH, Fedwire, SWIFT, and autonomous asset management, suitable for global business needs.

Two Prime completed a $20 million financing, with investors including MARA Holdings and SIG DTI.

Two Prime is a digital asset investment advisor registered with the US SEC, providing institutional-grade Bitcoin derivatives and structured products for miners, enterprises, funds and other clients.

Strangelove was acquired by Ondo Finance for an undisclosed amount.

Strangelove is a blockchain infrastructure company in the Cosmos IBC ecosystem, operating verification nodes, developing cross-chain relays and consensus tools, and is committed to improving inter-chain interoperability and security.