Financing Weekly | 11 public financing incidents; Sentora, a DeFi project formed by IntoTheBlock and Trident, completed a US$25 million financing
Reprinted from panewslab
05/12/2025·26DWhat's the highlight of this issue
According to incomplete statistics from PANews, there were 11 investment and financing events in global blockchain last week (5.5-5.11); the total funding scale exceeded US$116 million, which was a decrease compared with the previous week. The overview is as follows:
- DeFi announced two investment and financing events, including Sentora, a DeFi project formed by IntoTheBlock and Trident, completed a US$25 million financing;
- Five investment and financing events have been announced in the field of infrastructure and tools , among which the digital risk management and protection platform Doppel completed a US$35 million Series B financing, led by Bessemer;
- Centralized finance announced three investment and financing events. Fuze, a digital asset infrastructure company in the Middle East and Turkey, recently completed a US$12.2 million Series A financing, led by Galaxy Digital and e& capital;
- Other applications have announced an investment and financing event. Web3 entertainment platform T-Rex received US$17 million in Pre-Seed financing, and plans to launch browser plug-ins this summer.
DeFi
Sentora, a DeFi project merged by IntoTheBlock and Trident, completes $25 million in financing
DeFi analytics platform IntoTheBlock and liquidity service provider Trident Digital announced the merger to form Sentora and completed a $25 million founding round of financing. New Form Capital led the investment, and Ripple, Tribe Capital, UDHC and Joint Effects participated in the investment, and strategic ecosystem investors such as Curved Ventures, Flare and Bankai Ventures also provided further support. The new company will be led by Anthony DeMartino, co-founder of Trident and former head of risk strategy at Coinbase, to provide institutional investors with one-stop on-chain financial services covering income strategies and compliance risk control.
Sentora integrates IntoTheBlock's institutional-level DeFi analysis data of more than $3 billion and a structured liquidity solution with Trident, and will develop a unified interface to solve the problem of multi-chain protocol interaction fragmentation. CTO Jesus Rodriguez said its goal is to build "the core infrastructure that enables organizations such as DAOs, family offices, etc. to securely access DeFi."
Singapore's stablecoin cross-border payment company XWeave announced a $3 million seed round of financing, led by Jungle Ventures and Lightshift, with White Star Capital, Fabric Ventures, DCG, The Venture Dept., and venture capital studio Menyala. XWeave aims to combine traditional fiat currency systems with a stablecoin network to support instant, compliant and cost-effective flow of funds across markets, and its non-custodial infrastructure allows institutions to conduct cross-border transactions without custodial user funds. The new funding will support its expansion of the network to other parts of the Middle East and Asia.
Infrastructure & Tools
Kevin Tian, co-founder and CEO of Doppel, digital risk management and protection platform, announced on the X platform that the company has completed a US$35 million Series B financing, led by Bessemer, and participated by 9Yards Capital, SOZO VENTURES, Strategic Cyber Ventures, a16z, South Park Commons, Script Capital and others. Doppel is an AI-driven digital risk protection platform designed to protect organizations from social engineering threats such as phishing, impersonation and deep forgery fraud. The new funding will be used to support the construction of digital protection infrastructure that combines generative AI with expert manual analytics.
Sonic Labs completes $10 million strategic financing, led by Galaxy
Sonic Labs announced the completion of a US$10 million S token strategic financing, led by Galaxy. This cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for its DeFi ecosystem development. The collaboration aims to bridge traditional finance with Sonic’s high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong said that the addition of Galaxy will bring important market insights and resources to the ecosystem. This cooperation also reflects the institutions' confidence in blockchain technology to transform financial infrastructure.
Dogecoin ecological application development layer DogeOS completed a US$6.9 million financing, led by Polychain Capital. The project aims to provide developers with operating system-level tools based on Dogecoin blockchain to support the development of consumer-level applications such as games and AI. Jordan Jefferson, CEO of MyDoge wallet development team, said the demand of existing 500,000 wallet users demonstrates the community's strong expectations for native Dogecoin applications. This financing will accelerate Dogecoin's transformation from a simple payment token to a multifunctional ecosystem. By simplifying the development process, DogeOS is expected to promote more DeFi and entertainment applications to integrate DOGE payments and improve its actual usage scenarios.
Digital asset trading infrastructure provider GoQuant announced a $4 million seed round led by crypto investment institution GSR. Copper.co, Lombard Odie, Capital Union Bank, TYR Capital and FRNT Financial participated in the investment. The new funds will be used to improve trading infrastructure performance, providing institutional clients with faster execution speeds and a more transparent trading environment. According to reports, GoQuant was established in 2022. Its trading system currently processes millions of orders per day, providing institutional customers with intelligent order routing services across centralized exchanges, decentralized platforms and over-the-counter markets. The platform integrates real-time market data, transaction cost analysis tools and risk management functions to help institutions optimize digital asset trading strategies.
The new generation of L1 blockchain protocol Litheum announced the completion of a US$750,000 strategic financing, led by Alphemy Capital and Amber Group. This round of funds will be used to advance its testnet online program to further realize its vision of "compressing blockchain usage costs to the physical limits." Litheum plans to launch a testnet next quarter to lay the foundation for its mainnet release.
It is reported that Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, which encourages all core functional nodes in the network and dynamically adjusts block size and transaction fees, improving on-chain performance and cost efficiency while ensuring security and decentralization.
Centralized Finance
The Middle East and Türkiye's digital asset infrastructure company Fuze recently completed a US$12.2 million Series A financing, led by Galaxy Digital and e& capital. Fuze provides "digital assets as a service" infrastructure to MENA and Turkey's financial institutions and enterprises, and has launched a stablecoin and payment product FuzePay. Funds will be used to accelerate regional and global expansion, product innovation and compliance construction. Fuze said that nearly all financial institutions will adopt crypto or stablecoin services in the next 12 months.
Real estate tokenized trading platform Alt DRX completes a US$2.7 million Pre-A round of financing
Real estate tokenization trading platform Alt DRX completed a US$2.7 million Pre-A round of financing, with investors including Qatar Development Bank, Times of India Brand Capital, Brand Capital, Hindustan Media Ventures, Zee Group, WeFounderCircle, nX Capital, etc. Financing will be used to purchase residential assets, technology development, marketing and compliance licensing applications. The move aims to lower the threshold for real estate investment and allow more investors to participate in the asset class, said the company's co-founder Anand Narayanan.
According to reports, the platform realizes fragmented transactions of residential real estate through blockchain technology, supports the purchase and sale of property rights in 1 square foot, and provides algorithmic pricing and instant settlement services. Bangalore-based Alt DRX currently has an annual transaction volume of approximately 100,000, and investors can obtain rental income and trade their holdings through their mobile platform.
Visa invests in stablecoin payment infrastructure platform BVNK through its venture capital arm Visa Ventures, a first direct investment in startups in this sector, seen as a strong test of the potential of stablecoins as a global payment infrastructure. BVNK currently has a processing capacity of US$12 billion, and its customers cover Deel, dLocal and other companies.
other
Web3 consumer entertainment platform T-Rex completed a US$17 million Pre-Seed financing, and investors include Portal Ventures, Framework Ventures and Arbitrum Gaming Ventures. The platform tracks users' content interactions on platforms such as X, TikTok, YouTube, etc. through browser plug-ins, obtains encryption rewards by "clicking on popcorn", and uses zkTLS technology to ensure privacy. T-Rex is expected to launch plug-ins this summer and expand content creators and IP cooperation within the year.
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