Financing Weekly丨16 projects raised $3 billion in Deribit

Compiled by: Golden Finance

The biggest round of financing this week

Deribit raised $2.9 billion from Coinbase in a merger round.

Deribit is a centralized cryptocurrency derivatives exchange that provides futures, options and perpetual contract trading for Bitcoin, Ethereum and other major assets. It is known for its deep liquidity, high leverage (up to 100 times) and advanced trading tools tailored for institutions and retail investors. Deribit dominates the crypto options market, handling more than 85% of global trading volume.

Pre-seed and seed rounds

Xpfinance raised $200,000 from the Xenoverge Angel Fund in a seed round.

Xp.Finance is a completely decentralized, unmanaged lending protocol built natively on XRP Ledger (XRPL). It allows XRP holders to earn income through over-mortgage loans while maintaining full custody of the assets. Leveraging XRPL’s fast settlement speed and low transaction fees, Xp.Finance provides a transparent and secure decentralized finance (DeFi) platform. The agreement is governed by $XPF tokens, and token holders can enjoy governance rights, reduce borrowing costs and pledge rewards.

GoQuant raised $4 million in a seed round of financing from GSR Markets LTD, Copper co, Lombard Odier, Capital Union Bank, TYR Capital, FRNT Financial .

GoQuant is a Miami-based digital asset trading infrastructure provider that provides ultra-low latency execution services, exclusive trading infrastructure, and fixed fee models to institutional clients. Its platform includes an Order Execution and Management System (OEMS), comprehensive market data services, and portfolio and risk management tools. GoQuant can integrate centralized exchanges, decentralized platforms, OTC trading stations and market makers to provide seamless access to diversified liquidity.

T-Rex raised $17 million in a Pre-seed round of financing from Portal Ventures, North Island Ventures (NIV), Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindfulness Capital, Hypersphere, SNZ Holding, Arche Fund (Coin98 Ventures) .

T-Rex is a Web3 consumer entertainment platform and Layer 1 blockchain. Users can receive rewards by participating in content interaction on platforms such as X, TikTok, YouTube, etc. It uses the "Proof of Engagement" mechanism to verify user activities while protecting privacy using zkTLS technology. Users click on the screen prompt ("popcorn") when viewing content to earn points and exchange them for cryptocurrency. The system recommends personalized dApps and content based on user interaction behavior learning preferences. Built on Arbitrum Orbit, T-Rex provides developers with low latency, high throughput infrastructure to build consumer-oriented applications.

Xweave raised $3 million in a seed round from Jungle Ventures, Lightshift, Menyala, White Star Capital, Fabric Ventures, Digital Currency Group (DCG), and The Venture Dept.

Xweave is a Singapore-based fintech platform that provides blockchain-based non-custodial infrastructure for real-time, compliant cross-border payments. It enables instant fiat to fiat transactions by using regulated stablecoins without pre-funded funds while reducing foreign exchange risks. The platform integrates the traditional fiat currency system with the stablecoin network to achieve seamless connection between capital flows between the markets.

Other financing situations

Fleek raised $7 million in a public offering round.

Fleek is an Agentic Cloud platform for AI agents and virtual influencers, providing developers, creators and brands with everything they need to build, manage, and monetize AI agents. As the next evolutionary stage after websites and applications, Fleek provides high-end cloud services tailored for AI native interactions, digital clones, social agents and marketing activities, driving changes in the future online interaction methods.

Sonic Labs (formerly Fantom) raised $10 million from Galaxy Digital in a strategic round of financing (Strategic) .

Sonic Labs is a high-performance, EVM-compatible Layer 1 blockchain derived from the new concept of Fantom network. It uses a consensus mechanism and proof of stake (PoS) based on directed acyclic graph (DAG), and processes up to 400,000 transactions per second, with a finality of less than 1 second. Features include a Developer Fee Monetization (FeeM) program that allows developers to earn up to 90% of transaction fees. The native token $S is used to pay transaction fees, staking and governance. Sonic Gateway provides decentralized cross-chain bridge with Ethereum to ensure the security and efficiency of asset transfers.

Securitize raised undisclosed amounts from Jump Crypto in a strategic round of financing (Strategic) .

Security is a compliance platform and protocol for issuing and managing digital securities on the blockchain.

MYX Finance raised $180,000 in a public offering .

MYX.Finance is a decentralized derivatives exchange (DEX) that reshapes the trading experience through its innovative P2Pool2P model and intelligent fund rate mechanism. The platform adopts a single trading pair liquidity pool system to simplify liquidity management and allow traders to focus on strategy execution. The products cover diverse derivatives such as perpetual contracts and options.

DogeOS raised $6.9 million from Polychain Capital in a round of financing.

DogeOS is an open source application development and cloud infrastructure layer for the Dogecoin ecosystem, supporting a variety of decentralized applications (dApps) including games and AI. The platform is centered on SmartOS and Project FiFo, with advanced components such as ZFS storage, DTrace, lightweight Zones, and KVM virtualization. DogeOS uses built-in virtual machine orchestration functions to achieve efficient, secure and scalable application deployment. It is a platform that unifies user-level dApps and infrastructure under the community-driven framework.

Sentora raised $25 million in a Series A round of financing (Series A) .

Sentora is an institution-level DeFi asset management platform that integrates IntoTheBlock's data analysis and Trident's structured liquidity solutions to provide unified interface management of multi-chain protocol interactions. The platform provides advanced DeFi strategies, strong risk management and enterprise-level security guarantees, helping institutional clients formulate and expand digital asset strategies.

Litheum raised $750,000 from Alphemy Capital and Amber Group in a strategic round of financing .

Litheum is the next generation Layer 1 blockchain platform designed to support DeFi, microfinance and AI applications. The platform innovatively introduces the "Proof of Performance" (PoP) consensus mechanism, rewarding every key RPC operation to achieve true decentralization and scalability. Litheum can handle microtransactions at a large scale and is suitable for scenarios such as micro-loans, automatic fixed investment and user-agent AI smart contracts, aiming to break through the limitations of traditional blockchains.

AppLayer (formerly SparqNet) raised undisclosed amounts from Arcanum Ventures in a round of funding.

AppLayer is a modular, EVM-compatible high-performance blockchain platform specially designed for cross-chain dApps. It uses a C++-based execution engine and state-based precompilation function, which is up to 65 times faster than traditional EVM network speeds. The platform realizes efficient interoperability of data and assets between multiple chains through a chain abstract network (CAN), supports multiple blockchains such as Ethereum and Solana, and provides a blockchain development toolkit (BDK) for developers to build and manage scalable applications, and supports Solidity and native C++ smart contracts.

BVNK raised undisclosed amounts from Visa in a round of financing.

BVNK is a fintech company that provides stablecoin payment infrastructure, connects traditional banking systems and blockchain technology, and accelerates the efficiency and convenience of global capital flows.

Alt DRX raised $2.7 million in a Series A round of financing (Series A) .

Alt DRX is a blockchain-based digital real estate exchange where users can invest and trade residential asset tokens starting from 1 square foot. Through distributed ownership and real-time pricing mechanisms, the platform realizes democratization and high liquidity of real estate investment and improves asset transparency. Active in the digital asset regulation sandbox of IFSCA and Qatar Financial Center, Alt DRX is committed to disrupting the traditional real estate investment model.

Tea-Fi raised undisclosed amounts from Castrum Capital in a round of financing.

Tea-Fi is a comprehensive DeFi platform dedicated to simplifying digital asset management by integrating multiple financial services. The platform functions include income aggregation, pledge, lending and cross-chain transactions, emphasizing user privacy and control, and providing users with a unified and convenient asset management experience.