Organized by: Jinse Finance
This week's largest financing round
Plasma raised $50 million in a public fundraising round.
Plasma is a high-throughput, zero-fee payment platform built on Bitcoin. It supports zero-fee transfers of USD stablecoins (USD₮) and can achieve over a thousand transactions per second, relying on Bitcoin's security. Plasma introduces a new 'Nakamoto Proof of Stake' consensus mechanism and a hybrid UTXO/account architecture, enabling developers to build and execute modular smart contracts. The platform aims to enhance Bitcoin's usability in payments and decentralized applications through scalable, low-latency solutions.
Seed round and Pre-Seed round financing
ACM+ (AI Cross Matrix) completes $12 million seed round financing, with investors including Asva Capital, Genesis Capital VC, BuzzBridge Capital, Avalon Wealth Club, and M2M Capital.
ACM is a privacy-centric financial protocol that supports decentralized, cross-chain, untraceable asset transfers. It is based on zero-knowledge proofs (ZKP), ring signatures, and AI path obfuscation, achieving end-to-end anonymity and secure transaction routing. ACM aims to become an open, private, and compliant Web3 financial infrastructure.
Function (formerly Ignition) completes $10 million seed round financing, with investors including Galaxy Digital, Antalpha Ventures, and Mantle Network.
Function's ƒ(BTC) is an institutional-grade protocol that seamlessly integrates Bitcoin into the DeFi ecosystem. It enables the minting and burning of FBTC through multi-signature and MPC, releasing Bitcoin liquidity on chains like Ethereum, Arbitrum, and Mantle. Its TVL currently exceeds $1.6 billion.
W3.io completes $7 million seed round financing, with investors including Blockchange Ventures, Framework Ventures, and Arrington Capital.
W3.io is building the world's first 'Programmable Intelligent Economy' (PIE) middleware, making blockchain 'smart'. Its 'Prodigy Networks' system can automatically handle on-chain and off-chain logic, supporting AI reactive smart contracts, automated collateral systems, and more.
Other rounds of financing
Pocket Protector is acquired by the dYdX Foundation, amount undisclosed.
This is a social trading platform that operates through Telegram bots and iOS applications, allowing users to trade tokens and perpetual contracts directly in a chat environment on networks like Solana and Hyperliquid, supporting features like copy trading, take profit/stop loss, and leaderboards.
Kun completes Series A financing, amount undisclosed, with investors including BAI Capital, GSR Ventures, and Eternium Global.
Kun provides global digital payment services, focusing on cross-border trade, overseas enterprises, and Web3 users, utilizing payment licenses from Hong Kong, Singapore, the Middle East, and the EU to solve payment issues between stablecoins and fiat currency systems.
Spiko completes $22 million Series A financing, with investors including Index Ventures, White Star Capital, Blockwall, Bpifrance, and others.
Spiko is a compliant fintech platform in France that supports security tokenization. Its first product is a UCITS money market fund backed by Eurozone and U.S. Treasury bonds, accessible via Web3 wallets and audited by PwC, with funds custodied at Crédit Agricole.
XMTP (Ephemera) completes $21 million Series B financing, with investors including USV, a16z, Lightspeed Faction, Coinbase Ventures, and others.
XMTP is the mainstream decentralized messaging protocol for Web3, adopting IETF's MLS standard protocol, supporting end-to-end encryption, anti-spam mechanisms, and providing DMs, group chats, and notification functions for protocols like ENS, Lens, and Farcaster.
Blockskye completes $15.8 million Series C financing, with investors including Blockchange Ventures, United Airlines, Lightspeed Faction, and others.
Blockskye is a corporate travel and payment platform, integrating KAYAK and PwC workflows, providing on-chain booking and payments, reducing transaction costs and increasing efficiency, used by companies like PwC and Deloitte.
Fluent Labs completes $2.2 million financing, with investors including Echo, Native Crypto, Q42, and others.
Fluent is an Ethereum Layer 2 network and development framework that integrates multiple virtual machines including EVM, SVM, and Wasm, supporting atomic composition and interoperability between languages like Solidity and Rust, enhancing the expressiveness and diversity of dApps.
Trends completes angel round financing, amount undisclosed, with investors including Anatoly Yakovenko, WereMeow, Bryan Pellegrino, and others.
Trends is a tweet tokenization protocol based on Solana, allowing users to mint tweets as on-chain assets and trade them, creating a new social finance experience through leaderboards, point systems, and more.
Sidekick receives financing (amount undisclosed), with Fenbushi Capital as the investor.
Sidekick is a real-time live trading platform where users can trade digital assets while live streaming, combining interactivity with instant trading to expand market participation.
PlaysOut completes strategic financing, with OKX Ventures as the investor.
PlaysOut is a multi-engine compatible mini-game platform embedded in super apps like Tencent Cloud and TON Play, supporting Web3 wallet login, payments, and NFT features.
Football Fun completes $2 million financing, with investors including 6th Man Ventures, Devmons, Zee Prime Capital, and others.
Football.Fun is a fantasy football platform on Web3, where players build teams by opening card packs, participate in competitions, and trade player cards through dynamic AMM, supporting free trials, internal testing, and airdrops.
Vision completes $3 million public fundraising.
Vision is a Web3 ecosystem launched by Bitpanda, utilizing the VSN token and integrating DeFi wallets, cross-chain protocols, Launchpad, and Ethereum L2, supporting RWA assets, governance, staking, and compliant token issuance.
Dakota completes $12.5 million Series A financing, with investors including CoinFund, 6th Man Ventures, DCG, and others.
Dakota is a modern corporate banking platform driven by stablecoins, providing global settlement functions like ACH, Fedwire, and SWIFT, with self-custody of assets, suitable for global business needs.
Two Prime completes $20 million financing, with investors including MARA Holdings and SIG DTI.
Two Prime is a digital asset investment advisor registered with the SEC in the U.S., providing institutional-grade Bitcoin derivatives and structured products for miners, enterprises, funds, and other clients.
Strangelove is acquired by Ondo Finance, amount undisclosed.
Strangelove is a blockchain infrastructure company in the Cosmos IBC ecosystem, operating validation nodes, developing cross-chain relays and consensus tools, dedicated to enhancing interoperability and security between chains.
