Last week, there were a total of 20 public financing events in the cryptocurrency market, raising approximately $1.175 billion | Investment and Financing Weekly Report
The DA layer interoperability protocol Sunrise has completed a $3 million seed round financing, with participation from Decima; the DeFAI project HeyElsa has completed $3 million in financing, led by M31 Capital; Tether announced a strategic investment in the Chilean digital asset trading platform Orionx.Organizer: Luan Peng, RootData
According to incomplete statistics from RootData, during the period from June 2 to June 8, 2025, there were a total of 20 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $1.175 billion.
From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and DeFi tracks. Popular projects include the decentralized blockchain network IOST, the DA layer interoperability protocol Sunrise, the crypto lending startup 3Jane, and the blockchain insurtech company Otonomi.
In addition, the Web3 reputation and rewards system Shards Protocol announced that it raised $2 million through multiple rounds of financing, with participation from Animoca Brands, Kyber Ventures, and strategic investments from Web3 gaming guilds like Yield Guild Games.
(List of projects with financing greater than $5 million last week, data source: Rootdata)
I. Infrastructure
According to official news, the decentralized blockchain network IOST announced the completion of $21 million in strategic round financing, with participation from DWF Labs, Presto, and Rollman Management Groups.
This investment was executed through a tailored allocation mechanism designed to coordinate incentives and support sustainable network growth. This strategic capital will drive the launch of upcoming products, deepen ecosystem integration, and solidify IOST's leading position in the RWA 3.0 innovation space.
YZi Labs invests in OneKey, focusing on crypto asset self-custody security
According to official news, YZi Labs recently announced an investment in the open-source hardware wallet project OneKey, aimed at enhancing global crypto asset security and promoting self-custody solutions.
The DA layer interoperability protocol Sunrise has completed $3 million in seed round financing, with participation from Decima, Animoca Brands Japan, Hyperithm, Cogitent Ventures, MZ Web3 Fund, V3V Ventures, Connectico Capital, and MH Ventures. The new funds are intended to support the integration of data availability layers and liquidity center functions into a single platform supported by Proof-of-Liquidity for liquidity sharing.
AI gaming startup Launcher Capital completes $4 million seed round financing, led by a16z CSX
According to official news from Launcher Capital, the AI gaming startup has completed $4 million in seed round financing, led by a16z Crypto Startup Accelerator (CSX).
According to official news, the decentralized AI computing network AINX announced the completion of $2 million in seed round financing, led by Alpha Gamma.
AINX is developed by Helioq Labs, a research-driven protocol team dedicated to building censorship-resistant, user-sovereign infrastructure for Web3. AINX's upcoming roadmap includes the launch of NodeX 100, the establishment of a multi-chain computing rental market, and the release of customizable AI agents and multimodal content generation tools. In the future, the team also plans to achieve cross-chain compatibility, release SDKs for integration, and build a decentralized AI model marketplace.
II. AI
DeFAI project HeyElsa completes $3 million financing, led by M31 Capital
The DeFAI project HeyElsa announced that it has completed $3 million in financing, with this round led by M31 Capital, and participation from Coinbase Ventures' Base Ecosystem Fund, MH Ventures, Absoluta Digital, 2shares fund, and levitate labs.
The funds will be used to build an AI stack in the crypto space, transforming natural language into on-chain operations and bridging the gap between SDKs, APIs, and infrastructure.
III. DeFi
Sui DEX Momentum completes new round of financing at a $100 million valuation, led by OKX Ventures
The Move-native DEX Momentum, built on Sui, announced the completion of a new round of strategic financing, valued at $100 million, with the specific financing amount not disclosed. OKX Ventures led the round, with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, and strategic partners Protagonist and DNA Fund.
According to the Web3 asset data platform RootData, Momentum completed $10 million in financing in March 2025, led by Varys Capital.
Crypto lending startup 3Jane completes $5.2 million financing, led by Paradigm
According to The Block, the crypto lending startup 3Jane has completed $5.2 million in seed round financing, led by Paradigm, with other specific details not disclosed.
The company described its protocol as "a credit-based peer-to-peer currency market that provides yield for farmers, traders, businesses, and AI agents through algorithmic, real-time unsecured USDC credit lines." According to its statement, 3Jane aims to launch its mainnet in the third quarter of this year. The company initially focuses on the U.S. market and states that the market value of "credit lines, income-based loans, merchant cash advances, and trade credit" in the U.S. exceeds $1 trillion.
Crypto exchange Rails completes $14 million new round of financing, led by Slow Ventures
The crypto exchange Rails announced this week that it has completed $14 million in a new round of financing, led by Slow Ventures, with participation from Kraken, CMCC Global, Quantstamp, and Round13 Capital.
The company aims to provide U.S. traders with a popular yet hard-to-access asset type: perpetual futures (perps). Rails previously raised about $6.2 million in seed round financing, bringing the total financing amount to over $20 million.
According to The Block, the decentralized leveraged trading platform Avantis, based on Base, has completed $8 million in Series A financing, co-led by Peter Thiel's Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.
It is reported that this round of financing was completed in mid-2024, but Avantis chose to announce it now to align with the protocol's development. The structure of Avantis' Series A financing includes equity financing and token warrants, with a total financing amount reaching $12 million, which includes $4 million in seed round financing completed in September 2023.
IV. CEX
Tether announces strategic investment in Chilean digital asset trading platform Orionx
Tether announced an investment in Orionx. Orionx is one of Chile's leading digital asset trading platforms and a financial infrastructure company focused on cross-border payments.
This investment highlights Tether's ongoing commitment to promoting financial inclusion and strengthening the resilience of digital payment channels in emerging markets.
V. Others
Blockchain insurance company Otonomi completes $3.4 million financing, led by ATX Ventures
According to Insurtech Insights, blockchain insurtech company Otonomi announced the completion of $3.4 million in a new round of financing, led by ATX Ventures, with participation from GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, and REFASHIOND Ventures.
The new funds are intended to support the construction of a blockchain-driven parametric cargo platform, aiming to reduce management costs by 90% and improve claims time and efficiency.
Otonomi was founded in 2020 by CEO Yann Barbarroux and co-founder and CTO Jeremy Sutton. The company is headquartered in Brooklyn and focuses on cargo insurance. It was the first to launch parametric cargo delay insurance—a fast, transparent, and automated delay insurance product that can resolve claims issues within 45 minutes (instead of 45 days), reducing management costs by up to 90%.
According to Tech.eu, Web3 security solution provider Dedge Security announced the completion of €4 million in seed round financing, led by venture capital firm Tritemius.
The new funds are intended to build an ASPM (Application Security Posture Management) platform designed specifically for the Web3 environment, aimed at providing protection from code to nodes and offering real-time risk visibility throughout the dApp lifecycle.
Tether announces strategic investment in African blockchain financial platform Shiga Digital
According to official news, USDT issuer Tether announced a strategic investment in the African blockchain financial platform Shiga Digital, with the specific amount undisclosed.
It is reported that Shiga Digital provides African businesses with virtual accounts, over-the-counter trading services, fund management, and foreign exchange (FX) services.
This collaboration will address the long-standing challenges faced by African businesses in cross-border payments and global liquidity access through USDT-based blockchain financial infrastructure, supporting fund and foreign exchange management in traditional industries such as oil and gas both within and outside Africa, and helping independent contractors easily access foreign currency and global payment services.
Circle prices IPO at $31 per share, raising $1.1 billion with a valuation of $6.2 billion
According to CoinDesk, stablecoin issuer Circle completed its IPO on the New York Stock Exchange at $31 per share, exceeding the original expected pricing range ($24-26), raising $1.1 billion and achieving a valuation of $6.2 billion. The stock code is "CRCL," and trading will begin on Thursday.
The IPO originally planned to issue 24 million shares but expanded to over 34 million shares due to surging demand. Circle issues USDC, the second-largest stablecoin in the U.S., and its listing comes as U.S. lawmakers push for stablecoin regulatory legislation.
According to VentureBeat, the Web3 reputation and rewards system Shards Protocol announced that it raised $2 million through multiple rounds of financing, with participation from Animoca Brands, Kyber Ventures, and strategic investments from Web3 gaming guilds like Yield Guild Games.
