Last week, there were 15 public financing incidents in the crypto market, with a total financing of approximately US$201 million | Investment and Financing Weekly
Reprinted from chaincatcher
05/26/2025·14DCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from May 19 to May 25, 2025, there were 15 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$201 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and DeFi tracks. Popular projects include Canadian stablecoin issuer Stablecorp, Web3 game developer Voya Games , Bitcoin project Roxom Global , and stablecoin native cryptocurrency exchange TrueX .
In addition, Bitcoin liquidity staking protocol Rover announced the completion of a $4.1 million seed round financing, with Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom and others participating in the investment .
(The list of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
According to Betakit, Canadian stablecoin issuer Stablecorp completed a $1.8 million financing, with investors including Coinbase Ventures and Side Door Ventures. The funds will be used to expand the infrastructure construction of the Canadian dollar stablecoin QCAD, including the establishment of on-chain foreign exchange liquidity and payment channel integration.
The company announced that it will conduct structural reforms to QCAD simultaneously, including the establishment of an independent trust, QCAD Digital Currency Trust, to manage reserve assets, implement daily market capitalization reports, monthly reserve certificates and annual audits. QCAD is currently operated by a joint venture between crypto asset management company 3iQ and blockchain developer Mavennet Systems. In 2022, it received a CAD of 1.9 million Canadian dollars from Circle Ventures and other institutions.
2. AI
According to official news, World Assets, a subsidiary of World Foundation, a subsidiary of Worldcoin project stakeholder, announced on May 21 that it will raise $135 million to support the expansion of the World Network in the United States and globally by selling WLD tokens to Andreessen Horowitz and Bain Capital Crypto at market prices.
The previously disclosed investors also include Selini Capital, Mirana Ventures and Arctic Digital.
UBI Network recently announced the completion of a seed round of financing, led by early-stage technology investment institution LF Labs. This round of financing will be used for global node deployment, AI edge device expansion, points market mechanism optimization and ecological cooperation expansion, further promoting the development of its network infrastructure.
New York-based UBI Network is committed to building an innovative architecture that integrates AI edge computing and DePIN (decentralized physical infrastructure network) to provide technical support for the exploration of universal basic income (UBI) models in the digital age. Users can participate in AI tasks and computing power sharing through plug-and-play devices, and obtain points incentives in real time to form a closed-loop economic system.
LF Labs said: "The combination of AI and DePIN has long-term application potential. UBI Network has shown strong forward-lookingness in terms of technology paths and product implementation, which is in line with our investment logic of 'real implementation'."
3. Game
Web3 game developer Voya Games completes $5 million financing, led by 1kx and Makers Fund
According to Venturebeat, Web3 game developer Voya Games completed a $5 million financing round. The round was led by 1kx and Makers Fund, with RockawayX participating. Angel investors include Sky Mavis co-founder Jeff 'Jihoz' Zirlin and The Sandbox chief operating officer Sébastien Borget.
The funding will be used to support the development of the casual Web3 game Craft World. Craft World is a casual resource management game where players will work with friendly dinosaurs to rebuild civilization after meteorites destroy humanity. The game is currently in the testnet stage.
IV. DeFi
Bitcoin project Roxom Global is building a BTC-denominated exchange and a 24/7 media network RoxomTV, which is entirely committed to Bitcoin development.
Draper Associates, Borderless Capital, ego death and Kingsway Capital are reported to have invested $7.9 million in its exchange and raised $10 million for RoxomTV in a private round of financing.
According to The Block, Bitcoin liquidity staking agreement Rover announced the completion of a $4.1 million seed round financing, with Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom and others participating in the investment.
Rover is developing flagship liquidity staking solutions for Bitcoin holders on Botanix, the first fully decentralized Bitcoin blockchain. Rover also received strategic investment from early-stage Bitcoin venture capital fund UTXO.
V. Others
Circle Innovation Company Catena Labs completed a $18 million seed round of financing, led by a16z
According to Fortune, Catena Labs, an AI-native financial startup founded by Circle co-founder Sean Neville, completed a $18 million seed round led by Andreessen Horowitz's crypto division, with Breyer Capital, Circle Ventures, Coinbase Ventures and American football player Tom Brady.
Catena Labs plans to build an "artificial intelligence native bank". Investors will receive equity and token subscription rights for unissued cryptocurrencies. Sean Neville said the company currently has no plans to issue cryptocurrencies or stablecoins.
Catena Labs has now developed an open source protocol for artificial intelligence payments and identity recognition. The company will integrate but not limited to stablecoin technology and is committed to updating existing financial infrastructure to adapt to future AI agent-led financial transaction scenarios.
TrueX, a native cryptocurrency exchange for stablecoin, announced a $11 million Series A financing, led by Accomplice and RRE Ventures, and participated by Reciprocal Ventures, Variant and payment giant PayPal. The new funds are intended to support external custodians such as Paxos Custody for asset protection. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading token. Paxos provides third-party custodian services to TrueX users. It is expected that its services will be opened to US institutions and some international institutions in certain regions first.
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