44 projects raise $161.6 million HashKey receives $30 million in funding

The biggest round of financing this week

HashKey Group completed a $30 million financing under investment from Gaorong Ventures.

HashKey Group operates a Hong Kong-based cryptocurrency exchange. Its core business also includes HashKey Capital, a global asset management company focusing on blockchain technology and digital asset investment; HashKey Cloud, the world's leading blockchain node verification service provider; HashKey Tokenisation, providing tokenized services ; HashKey NFT, Web3 avatar image (PFP) incubation and community operation services, etc.

Seed and pre-seed round investment

Kun received undisclosed seed rounds from BAI Capital, GSR Ventures and Hash Global.

KUN is a global digital payment service provider that provides compliant, efficient and secure payment solutions for cross-border trade, overseas businesses, Web3 businesses and high-net-worth individuals. With payment licenses and cryptocurrency regulatory frameworks in Hong Kong, Singapore, the Middle East and the European Union, KUN addresses challenges in cross-border payments by bridging stablecoins and fiat currency systems.

Teneo (formerly ELOOP) received $3 million from RockawayX, Borderless Capital, Generative Ventures, Moonrock Capital, CertiK Ventures, Outlier Ventures, X Ventures, Token Ventures, EoT Ventures, MN Capital, Advanced Blockchain AG, Venionaire Web3 and other institutions. Seed round investment.

Teneo is a decentralized platform designed to connect real-world data with Web3 applications, focusing on data utilization and tokenization of decentralized physical infrastructure networks (DePINs) and artificial intelligence (AI). By unlocking previously inaccessible pools of data, such as real-time social media insights and machine-generated data, Teneo enables data providers to monetize their information through $TENEO tokens. The platform provides a range of products, including machine data storage and access, community nodes for decentralized data collection, and tokenized services for asset and data staking.

DeFi App received $2 million in seed rounds from Mechanism Capital, DCF Capital Partners, Balaji Srinivasan and Pentoshi.

DeFi App is a decentralized super application that simplifies DeFi transactions and users completely manage assets independently. It enables instant, gas fee-free, click-through exchange, decentralized derivatives trading and earnings opportunities without bridging or KYC checking. By using “full-chain abstraction” and biometric security, DeFi App provides a user- friendly experience for crypto novices and experts. The platform supports multi-chain and multi-device access, converging CeFi and DeFi into a seamless platform that helps users efficiently trade, exchange and manage digital assets.

BitRobot Network (FrodoBots) received 6 million from Protocol VC, Big Brain Holdings, Fabric Ventures, Zee Prime Capital, Tioga Capital Partners, Sfermion, Permanent Ventures, Stateless Ventures, Nim Network, Solana Ventures, Virtuals Protocol, Anatoly Yakovenko and Raj Gokal Seed round investment in US dollars.

BitRobot is a crypto-incentive platform developed by FrodoBots Lab and Protocol Labs to drive embodied artificial intelligence (AI) research. The platform is built on the Solana blockchain and adopts a subnet architecture, each subnet provides valuable output such as computing resources, real-world robot fleets, data sets (including real and synthetic data), and targeting a variety of robotic tasks and forms AI model. The platform promotes the development of embodied AI by leveraging crypto incentives to promote global cooperation.

Blum obtained from gumi Cryptos Capital (gCC), YZi Labs (formerly Binance Labs), The Spartan Group, No Limit Holdings (NLH), OKX Ventures (formerly OKEx Blockdream Ventures), The Open Platform (TOP), Bitscale Capital, Wintermute Ventures A seed round investment of $5 million.

Blum is a hybrid exchange that provides seamless access to centralized exchanges (CEX) and decentralized exchanges (DEX) through a single platform. It supports more than 30 blockchains, allowing users to trade without switching networks or paying gas fees for native tokens. Blum also provides a gamified experience through Telegram mini-app, with features such as AI driver assistance, localized P2P trading, simple derivatives and unified CEX/DEX trading. It also offers self-management and MPC wallet options.

Partnr (Mirai Labs) received $4 million in seed round investments from Mechanism Capital, Oak Grove Ventures, Selini Capital, Rubik VC, Protagonist, Sophon, TON Ventures, Manifold, Bitscale Capital and Lhava.

Mirai Labs is a Web3 gaming and AI studio known for Pegaxy, a blockchain- based horse racing game. The company is developing Partnr, an encryption- driven AI agent that automatically manages wallets and on-chain transactions while adapting to user preferences. Partnr includes Partnr Chat (AI-driven interaction) and Partnr Vaults (Secure on-chain execution).

Whetstone Research received $1.3 million in pre-seed rounds from Variant Fund, Nascent, Credibly Neutral, Uniswap Labs Ventures, Ambush Capital and Figment.

Whetstone Research is a company dedicated to developing new protocols to drive the on-chain market. Its initial product, Doppler, is a liquidity-guided protocol built on the Uniswap ecosystem, designed to enhance price discovery and liquidity efficiency. In addition, they have developed Pure Markets, a DeFi front-end application that runs on Doppler.

InfiniFi received $3 million in pre-seed rounds from Electric Capital, New Form Capital, Kraynos Capital, Baboon VC, DeFiDad and Sam Kazemian.

InfiniFi is a depositor-driven DeFi system designed to solve the maturity gap in traditional banks. It automates fund allocation, allowing users to choose liquidity or higher returns by locking funds into assets such as Pendle and Ethena. The system enhances stability, transparency and profit optimization through blockchain technology.

Drosera received $3.3 million in seed rounds from Greenfield Capital, Anagram, Paper Ventures, Arrington Capital, UDHC and Pulsar.

Drosera is a decentralized accident response protocol that addresses and mitigates vulnerabilities by leveraging hidden security intent. As a security market, Drosera allows protocols to set "traps" that are defined by smart contracts and remain offline to hide security intent, while Drosera operators perform on-chain emergency responses after consensus is reached.

Other investment rounds

• Mango Network raised $13.5 million in a round of financing, from Ainfra Ventures, KuCoin Ventures, Tido Capital, Connectico Capital, Becker Ventures, T-Fund, Mobile Capital and CatcherVC.

Mango Network is a Layer 1 blockchain platform designed to solve challenges in Web3 applications by combining EVM and MoveVM compatibility. It aims to provide developers and users with a secure, modular and high- performance infrastructure.

• GamerBoom raised $9 million in a round of financing, from Nvidia, Solana Foundation, Bing Ventures, Mask Network, Digital Finance Group (DFG), Jsquare, Sky Ventures.

GamerBoom is an incentive layer and data mining protocol built by an AI- powered data annotation system designed to drive the game culture and economic revolution in mainstream Web2 games, allowing players to control their digital lives.

• Juventus Football Club raised undisclosed amounts in a round of financing, from Tether.

Juventus is a professional football club headquartered in Turin, Italy. Founded in 1897, it has become one of the most successful and historic football clubs in the world. The club has won several domestic and international awards, including multiple Serie A champions, Italian Cup champions and UEFA Champions League champions. Juventus continues to dominate Italian and European football with its rich history, iconic black and white striped jerseys and a strong global fan base.

• Yield Guild Games raised undisclosed amounts in a round of funding, from Gam3Girl Ventures.

Yield Guild Games is a decentralized gaming guild focused on investing in blockchain games and NFTs in the virtual world economy.

• Fireverse raised $2.5 million in a Series A round of financing, from Nobody, T-Fund, BingX Labs, Gate Labs, Chain Capital, TCC Capital, Central Research and Stratified Capital.

Fireverse is an AI-powered music creation platform that helps users create, market and make profits of music through the Web3.0 business model. The platform provides one-click AI music processing tools, allowing both amateur and professional musicians to easily produce high-quality works. Fireverse also offers features such as gamification, event building and blockchain-based copyright protection to enhance user engagement and ensure the security of the creation of works.

• Plasma raised $24 million in a round of funding, from Framework Ventures, Bitfinex, Peter Thiel and Paolo Ardoino.

Plasma is a Bitcoin-based high-throughput zero-fee payment platform that supports over 1000 transactions per second, leveraging the security of Bitcoin. Plasma introduces a new Nakamoto PoS consensus mechanism and a hybrid UTXO/account architecture that allows developers to build and execute modular smart contracts. The platform aims to enhance the practicality of Bitcoin in payments and decentralized applications, providing scalable, low-latency solutions.

• Catalyst raised undisclosed amounts in the M&A financing round, from LI FI.

Catalyst is an open source liquidity protocol designed to connect modular blockchains to support seamless exchange of assets between different chains. Developed by Cata Labs, Catalyst is committed to creating a borderless Web3 environment where users can exchange assets on the chain they are located. This protocol supports atomic exchange of cross-chain native assets, improving the efficiency and security of cross-chain transactions.

• DeFi App raised $2 million in the public sales round.

The DeFi App is a decentralized super application that simplifies DeFi transactions and ensures full self-custody of assets. It supports instant, free gas fees, one-click cross-chain redemption, decentralized derivatives trading and earning opportunities without bridging or KYC checking. With “full-chain abstraction” and biometric security, DeFi App provides a friendly experience for beginners and experts. It is accessible across multiple blockchains and devices, integrating CeFi and DeFi, providing a seamless digital asset trading and management platform.

• Soter Insure raised undisclosed amounts in its Series A funding round, from Galaxy Digital, Karatage, Token Bay Capital, Brevan Howard Digital and Pharsalus Capital.

Soter Insure provides institutional-level Web3 insurance covering operational risks, asset theft, and smart contract failures. It provides D&O, E&O, Specie & Crime and Tech PI insurance to protect businesses from negligence, security breaches and financial losses.

• BitRobot Network (FrodoBots) raised $2 million in a round of funding, from FrodoBots Lab and Protocol Labs.

BitRobot is a crypto-incentive platform developed by FrodoBots Lab and Protocol Labs to drive embodied artificial intelligence (AI) research. Built on the Solana blockchain, the platform utilizes subnet architecture, each subnet provides valuable outputs such as computing resources, real-world robot fleets, data sets (real and synthetic) and across multiple robot tasks and forms AI model. The platform aims to promote global cooperation through cryptographic incentives and promote the development of embodied AI.

• StakeStone raised $10 million in a round of funding, from BingX Labs.

StakeStone is a decentralized protocol that provides scalable revenue optimization services for Ethereum stakeholders. It utilizes STONE, a non-re- base token, to represent pledged ETH and provides competitive returns on multiple blockchains through decentralized asset portfolio optimization. StakeStone supports cross-chain compatibility and multi-scenario adaptation, allowing users to maximize capital efficiency through real-time revenue generation.

• Mintify raised undisclosed amounts in a round of financing, from Redacted Coin.

Mintify is an NFT multi-chain aggregator, analytical platform and trading terminal designed to deploy complex NFT investment strategies.

• Magically raised undisclosed amounts in a round of M&A financing, from Mintify.

Magically is a marketplace that provides professional analytical tools for digital assets, providing advanced tools and insights to traders and collectors.

• Ape Pro raised undisclosed amounts in a round of M&A financing, from Jupiter.

Ape Pro is a memecoin trading terminal on Solana, providing traders with advanced tools and an optimized mobile experience. It features seamless social login, MEV-protected exchange, real-time market data and customizable token push, and is designed to enhance transactions on memecoin within the Solana ecosystem.

• Aurus raised undisclosed amounts in a round of financing, from KEYDifference.

Aurus is a blockchain platform that provides digital assets guaranteed by physical gold (tGOLD), silver (tSILVER) and platinum (tPLATINUM). All of these tokens are stored in insured and audited vaults, where users can invest and use precious metals in a safe and transparent manner within the Web3 ecosystem. Aurus also provides ecosystem token $AURUS, which adopts a repurchase and destruction mechanism to improve the value and liquidity of the token. The platform supports a variety of applications, including DeFi solutions, gold-backed NFTs, and gaming experiences, combining traditional assets with modern blockchain technology.

• Bidask Protocol raised undisclosed amounts in a round of financing, from DWF Labs.

Bidask Protocol is the first centralized liquidity market maker (CLMM) based on the TON blockchain, leveraging the FunC programming language. It enables liquidity providers to allocate assets within specific price ranges, thereby improving capital efficiency and reducing trading slippage. The platform provides tools to monitor and analyze liquidity pools in real time, and users can define price ranges and select liquidity allocation strategies to optimize transaction results.

• EstateX raised undisclosed amounts in a round of financing, from GD10 Capital.

EstateX is a platform that democratizes real estate investment through asset tokenization, allowing individuals to invest in real estate assets with lower minimum investment and higher liquidity. The platform provides a comprehensive ecosystem, including EstateX Pay, for real estate investments as cash consumption; PropXChange, for real estate token trading; and EstateX University, for educational resources for users.

• Legend raised $15 million in a round of funding, from Andreessen Horowitz (a16z crypto) and Coinbase Ventures.

Legend is a platform that provides embedded smart wallets, natively supports multiple protocols and EVM-compatible blockchains. It emphasizes user control, ensuring that users have complete control over their private keys and crypto assets.

• ZenGo raised undisclosed amounts in a round of financing, from Tether, Insight Partners, Benson Oak Ventures, Elron Ventures and Anatoly Yakovenko.

ZenGo is a self-hosted crypto wallet that uses MPC technology to provide enhanced security and eliminate the risk of seed phrases. It supports over 380 assets, provides 3D facial recognition and 3FA recovery capabilities, and allows users to securely trade, purchase and store cryptocurrencies.

• Fere AI raised undisclosed amounts in a round of financing, from Morningstar Ventures.

FereAI is an AI-powered platform that provides autonomous agents for real- time cryptocurrency research and transactions. Its suite includes Fere Pro (market analysis), Market Pulse Agent (social emotional insight), Yield Agent (automated revenue farming), and Telegram Agent (24/7 social media monitoring). These agents analyze data from over 1,000 sources, reveal hidden opportunities and optimize investment strategies. Working with AIxBlock, FereAI enhances its AI models and data processing workflows to ensure safe and efficient operations.

• WalletConnect (Reown) raised $4 million in the public sales round.

Reown is an on-chain user experience (UX) platform that builds the WalletConnect network. WalletConnect is an on-chain UX ecosystem that makes connections between wallets, decentralized applications (dApps) and users seamless. The platform launched WalletConnect Token (WCT), which protects the network through staking, rewards, fees and governance. In addition, WalletConnect provides WalletGuide, an on-chain wallet directory that follows high UX security standards and features.

• TaoFi raised undisclosed amounts in the strategic financing round, from Digital Currency Group (DCG), Pantera Capital, Taostats, Lyrik Ventures and Sami Kassab.

TaoFi is a decentralized AI infrastructure layer built on Bittensor. It integrates stablecoins, decentralized exchanges and liquid staking solutions supported by TAO, unlocking new financial uses of the deAI ecosystem. Supported by DCG, TaoFi is designed to enhance liquidity and expand Bittensor's internal DeFi capabilities.

• World Liberty Financial raised undisclosed amounts in a round of financing, from Oddiyana Ventures.

World Liberty Financial is a decentralized platform that enables users to seamlessly earn and lend cryptocurrencies. It combines DeFi lending protocols and rewards, allowing users to maximize asset utility in the Web3 ecosystem while gaining competitive benefits.

• Cabal raised $3 million in a round of funding, from Hack VC, Delphi Ventures, Nascent, CitizenX Crypto Ventures, DCF God, Daryl Lau, Darren Lau, Ajit Tripathi and Nick Chong.

Cabal is an Initia Layer 1-based revenue generation protocol designed to accumulate governance rights and reward VIP users. It enables users to deposit INIT and Enshrined liquidity positions in exchange for liquid, revenue- generating assets, and enhance participation and rewards within the Initia ecosystem.

• AMMO raised undisclosed amounts in a round of financing, from Samsung Next.

AMMO (Architectures for Massive Multiagent Online) is an AI-powered multiagent ecosystem founded by former Google, DeepMind and Meta leaders. It enables users to have personal AI agents (“user partners”) for learning, investing, and personal growth. AMMO uses large-scale agent factories, a composable embedding space (MetaSpace), and reinforcement learning through human feedback (RLHF) to ensure alignment evolution of AI.

• Phlo Systems Ltd raised undisclosed amounts in a round of financing, from RJ O'Brien & Associates (RJO).

Phlo Systems is a trading technology company focusing on providing software as a service (SaaS) solutions to digitize and simplify international trade operations. With artificial intelligence (AI) and machine learning (ML), the company provides products such as opsPhlo, tradePhlo and finPhlo to improve customs compliance, risk management, enterprise resource planning (ERP) and trade financing management. Its platform is designed to make trade processes more efficient, traceable, sustainable and secure.