Financing Weekly Report | 8 public financing events; stablecoin aggregation sales infrastructure platform AlloyX completed US$10 million in Pre-A round of financing

Highlights of this issue

According to incomplete statistics from PANews, there were 8 investment and financing events in the global blockchain last week (12.30-1.5), with the total scale of funds exceeding US$40 million. Compared with the previous week, the scale of funds has decreased. The overview is as follows:

• DeFi announced 4 investment and financing events, among which AlloyX announced the completion of a $10 million Pre-A round of financing, with participation from Arbitrum Foundation and others;
• The DePIN track announced an investment and financing event. The decentralized GPU network Inferix announced that it received a US$2.6 million investment from DePIN X Capital;
• Two investment and financing events were announced in the field of infrastructure & tools , among which the Bitcoin staking protocol Babylon received US$5.3 million in investment from BingX Labs;
• Centralized finance announced an investment and financing event. Bitcoin financial services company Fold announced that it has completed a $20 million convertible bond financing provided by ATWPartners.

DeFi

Stablecoin aggregation sales infrastructure platform AlloyX completed $10 million in Pre-A round of financing

Asia-based aggregated sales infrastructure platform AlloyX announced the completion of $10 million in Pre-Series A financing to expand global stablecoin infrastructure and plans to expand its business scale in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS and many other institutions. The financing follows major developments in the stablecoin payments space, including Stripe’s $1.1 billion acquisition of Bridge and BVNK’s $50 million Series B round at a $750 million valuation.

Binance Labs announces investment in THENA

Binance Labs announced its investment in THENA, a decentralized exchange (DEX) and liquidity protocol based on BNB Chain. This financing will be used to accelerate the development and expansion of THENA platform, enhance security measures, expand user growth, strengthen partnerships within the BNB Chain ecosystem, and promote DeFi innovation. Founded in January 2023, THENA adopts the innovative ve(3,3) token economic model and is committed to building a comprehensive liquidity layer that integrates the best features of leading DeFi protocols into one platform to enhance security, Scalability and user experience promote the popularity of decentralized finance (DeFi).

Sui ecological liquidity staking protocol Haedal Protocol completed seed round financing, with participation from Hashed, Animoca Ventures, etc.

Haedal Protocol, the Sui ecological liquidity staking protocol, announced the completion of a seed round of financing, with the specific amount not disclosed. Investors participating in this round of financing include Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, etc. Haedal will use the financing and new resources to support the further development of its liquidity staking infrastructure and on-chain yield products focused on the Sui ecosystem. According to reports, Haedal aims to provide a way to maximize DeFi income in the Sui ecosystem. Its mission is to simplify various income generation solutions in the financial world into one-click income products and lower the entry barrier for users. Haedal is about to release a series of new products and modules.

Aptos ecological DEX Hyperfluid completed Pre-Seed round of financing, BlockBooster and others participated in the investment

Hyperfluid, a hybrid DEX and automated market maker on the Aptos ecological chain, announced the completion of a Pre-Seed round of financing. BlockBooster and Web3 incubation accelerator Ankaa participated in the investment. The specific amount has not yet been disclosed. The new funds are planned to be used to support its construction of order book transactions to implement the Aptos chain. on asset swaps and trading.

DePIN

Decentralized GPU network Inferix announces $2.6 million investment

Decentralized GPU network Inferix announced a $2.6 million investment from DePIN X Capital, which is backed by Hashkey Capital, FBG, Waterdrip Capital and IoTeX through the SuperNode program. According to reports, Inferix is ​​a decentralized GPU visual computing platform dedicated to 3D/AR/VR rendering and AI inference. Its technology deployment plan is nearing completion and will soon be ready for testing. SuperNode GPU Staking Mining Testnet 1 is scheduled to launch on IoTeX on January 2, 2025, and will mainly focus on training AI models using NVIDIA H100 and high-end GPUs.

Infrastructure & Tools

JAN3 completed US$5 million in seed round financing, with Tether participating in the investment

Financing information forwarded by stablecoin issuer Tether on the and NYDIG participated in the investment. As part of the current seed round, JAN will allocate $1 million in funding to build a Bitcoin vault consisting of 12 BTC at an average cost of $83,333.33 per BTC.

On-chain credit analysis company Accountable completes US$2.3 million in seed round financing

Accountable, an on-chain credit analysis startup powered by ZK technology, completed a $2.3 million seed round of financing, led by MitonC and Zee Prime Capital, with participation from angel investors such as Maven 11’s Darius Rugys and Worldcoin Foundation’s DCBuilder. This round of financing will be used to pay employee salaries, and a new round of financing is planned for the second quarter of 2025. Accountable is committed to building a privacy-protecting data platform that provides borrowers with real-time verification of assets, liabilities, and transaction exposures through technologies such as zero-knowledge proof and homomorphic encryption. Users can connect custody accounts, exchanges, etc. to generate credit risk reports and decide the sharing scope independently. The company aims to rebuild the uncollateralized lending ecosystem affected by the crypto credit market collapse of 2022, while ensuring privacy and data security. Accountable's technology can also be applied to scenarios such as certificates of assets and liabilities, providing institutions and users with real-time and confidential financial information verification.

Centralized Finance

Fold completes US$20 million in convertible note financing to support planned merger with FTAC Emerald

Bitcoin financial services company Fold announced that it has completed US$20 million in convertible bond financing provided by ATW Partners, and plans to increase capital by an additional US$10 million at the discretion of both parties after completing the business combination with FTAC Emerald Acquisition Corp. The note, which is secured by Fold's assets (including some Bitcoin), will mature three years after the company goes public, with a conversion price of $11.50 per share, a premium above the combined valuation.