Last week, there were 14 public financing events in the crypto market, with a total financing of approximately US$2.987 billion | Investment and Financing Weekly
Reprinted from chaincatcher
05/12/2025·27DCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from May 5 to May 11, 2025, there were 14 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$2.987 billion.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and CeFi tracks. Popular projects include Web3 consumer reward platform T-Rex , Dogecoin ecosystem application development layer DogeOS , real estate tokenization trading platform Alt DRX , and the new generation of L1 blockchain protocol Litheum
In addition, according to the Wall Street Journal, Coinbase executives said they plan to acquire cryptocurrency options platform Deribit for $2.9 billion .
(The list of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
At Sonic Summit in Vienna from May 6 to 8, Sonic Labs announced a $10 million strategic financing led by digital asset and data center infrastructure giant Galaxy. The cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for its DeFi ecosystem development.
Galaxy has a network of more than 1,300 institutional counterparties, and 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.
As a high-performance EVM compatible chain, Sonic's solutions are attracting more and more organizations seeking enterprise-level blockchain services. This cooperation also reflects the institutions' confidence in blockchain technology to transform financial infrastructure.
About Galaxy: Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure. It is headquartered in New York and covers fields such as institutional transactions, asset management, pledge and tokenization technology.
According to The Block, Web3 consumer reward platform T-Rex completed a $17 million pre-seed round of financing, with investors including Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, etc.
T-Rex is committed to providing cryptocurrency rewards to users who watch content on platforms such as X, TikTok, YouTube, etc. through the "browse as mining" mechanism, and plans to launch a browser extension plug-in this summer.
According to official news, GoQuant, a provider of digital asset trading infrastructure, announced a $4 million seed round of financing, led by crypto investment institution GSR, and participated by Copper.co, Lombard Odier, Capital Union Bank, TYR Capital and FRNT Financial. 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.
According to CoinDesk, DogeOS, the application development layer of the Dogecoin ecosystem, announced a $6.9 million financing, led by Polychain Capital.
The project aims to build an application development layer on the Dogecoin blockchain, support a variety of consumer applications from games to artificial intelligence, and enhance the Dogecoin ecosystem and its decentralized financial services. DogeOS plans to promote the practical application of DOGE by providing operating system-level development tools and promote the integration of community and on-chain innovation.
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 promote its test network online program.
Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, by incentivizing all core functional nodes in the network and dynamically adjusting block size and transaction fees, improving on-chain performance and cost efficiency while ensuring security and decentralization. According to reports, Litheum plans to launch a test network next quarter to lay the foundation for its main network release.
2. CEX
WSJ: Coinbase plans to acquire cryptocurrency options platform Deribit for US$2.9 billion
According to the Wall Street Journal, Coinbase executives said they plan to acquire cryptocurrency options platform Deribit for $2.9 billion.
The deal still needs regulatory approval and Coinbase will also take over Deribit's operating license in Dubai.
3. CeFi
According to CryptoSlate, Japanese listed company Metaplanet announced the issuance of the 14th Series of ordinary bonds, raising $21.25 million in funds, all for the purchase of Bitcoin. The bond was approved at the board meeting on May 9 and was fully subscribed by EVO FUND.
Previously, Metaplanet purchased 555 Bitcoins for approximately US$53.4 million, bringing its Bitcoin holdings to 5,555, with a total investment of US$481.5 million, and an average purchase price of US$86,672 per Bitcoin. This makes Metaplanet the largest listed company in Asia, and ranks ninth in the world.
According to Forbes, Jump Crypto, a crypto division under quantitative trading giant Jump Trading, has strategically invested in the asset tokenization platform Securities, with the specific amount not disclosed.
This is the latest funding funding from Securities after BlackRock’s $47 million investment last year. Michael Sonnenshein, chief operating officer of Securities, said Jump’s entry demonstrates recognition of the on-chain capital market by traditional financial institutions. The advantages of tokenized products include daily dividends, collateral applications, etc. These characteristics are attracting investors who pursue returns to shift from stablecoins to tokenized treasury bonds.
Securities currently provides tokenization services to top asset management institutions such as BlackRock and Apollo. The scale of its star product BUIDL Fund (tokenized money market fund) has reached US$2.86 billion. Securitize is working with Ethena Labs to develop a compliant DeFi blockchain designed for institutions, Converge, which is expected to be launched this quarter.
Visa strategically invests in blockchain payment company BVNK
According to Coindesk, the venture capital arm of global payment service provider Visa (V), a venture capital arm of global payment service provider, made strategic investments in BVNK, a startup that builds stablecoin-based payment infrastructure, reflecting the trend of traditional financial companies entering blockchain-driven currency flows. A BVNK spokesperson confirmed in an email that the deal was completed but declined to disclose the size of the investment.
BVNK develops software that allows businesses to send and receive stablecoins in global markets. The London-based company said it has reached $12 billion in annualized stablecoin transactions and has recently entered the U.S. market with offices in New York and San Francisco. The company has applied for a license in all U.S. states and has been approved in multiple states.
Real estate tokenized trading platform Alt DRX completes a Series A financing of US$2.7 million
According to ET Realty, Alt DRX, a blockchain-powered real estate tokenization trading platform, announced the completion of a $2.7 million Pre A financing. This round of financing was participated by institutions such as Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund and nX Capital, and also attracted support from angel investors such as Harsha Bhogle, Parthasarathy and Richard Rekhy.
Headquartered in Bangalore, Alt DRX is committed to tokenizing residential real estate assets through blockchain technology, providing users with the opportunity to buy and sell residential properties by square feet. The platform supports algorithms to price daily, settle instantly, and provides transparent transaction records. The company's co-founder Anand Narayanan said the round of financing will be used to purchase residential assets, technology research and development, marketing and regulatory licensing fees.
4. Others
According to CoinDesk, IntoTheBlock and Trident Digital announced the merger to form a new company Sentora, aiming to bring institutional investors into the on-chain world.
The new company is led by Anthony DeMartino, co-founder of Trident and former head of risk strategy at Coinbase.
Meanwhile, Sentora completed a new financing of US$25 million, led by New Form Capital, participated by Ripple, Tribe Capital, UDHC and Joint Effects, and strategic eco-investors such as Curved Ventures, Flare and Bankai Ventures also provided support.
It is reported that Sentora has integrated IntoTheBlock's more than US$3 billion institutional-level DeFi analysis data and Trident's structured liquidity solution, 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."
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