Overview of Global Blockchain Industry Financing Last Week

According to statistics, there were 17 investment and financing events in the global Blockchain field last week, with a total funding scale exceeding 183 million USD. In addition, the total financing amount of listed companies' cryptocurrency asset reserves reached 1.29 billion USD. The main investment and financing situation is as follows:

• There are 3 investment and financing events in the DeFi sector, among which the blockchain project TAC raised a total of 11.5 million USD in two rounds of financing.
• The Web3 gaming sector has seen 2 financing events, among which Thousands and The Wildcard Alliance have jointly raised $6.5 million.
• There are 3 investment and financing events in the Web3+AI field, including the decentralized AI infrastructure project Gradient Network, which completed a $10 million seed round financing.
• There were 6 investment and financing events in the infrastructure and tools sector, including the stablecoin startup Ubyx which completed a $10 million seed round financing.
• There have been 2 investment and financing events in the centralized finance sector, including the institutional-level cross-border settlement platform XFX which completed a $9.1 million sub-round financing.

DeFi

The blockchain project TAC raised a total of $11.5 million in two rounds of financing, with the latest $5 million strategic round led by a certain investment institution. The project aims to provide EVM-compatible DeFi infrastructure for the TON and Telegram ecosystems, planning to gradually open features through phased mainnet launches. TAC has specially developed a mini application interface for Telegram, allowing ordinary users to directly use DeFi services within the messaging software.

The crypto savings app Nook has completed a $2.5 million funding round. Nook aims to make it easier for non-cryptocurrency native users to increase their cryptocurrency holdings through services such as certain lending platforms, and to simplify the crypto lending process, allowing users to earn returns by simply registering with an email to lend cryptocurrency through partner platforms.

The DeFi protocol BitVault has announced the completion of a $2 million pre-seed funding round. This funding will support the launch of the over-collateralized stablecoin bvUSD for Bitcoin derivatives and its yield-bearing variant sbvUSD. BitVault will be deployed as a core protocol on a certain Blockchain, utilizing a certain project's permissioned fork technology to support institutional-level lending and automated liquidation. The protocol plans to go live on the mainnet by the end of June and will expand to more BTC collateral assets in the future.

Web3 Games

Web3 protocol Thousands has announced a joint financing of $9 million with its sister company, Web3 game development company The Wildcard Alliance. So far, $6.5 million has been raised, with the remaining financing expected to be completed within 60 days. The funds will be used to accelerate the development of an integrated ecosystem, implementing innovative models for creator incentives and user acquisition through Blockchain technology.

The blockchain ecological game launch platform Uptopia announced the completion of a $4 million financing. In addition, the official announcement stated that it will officially upgrade and launch The Factory on June 18.

DePIN

The DePIN project SparkChain AI has announced the completion of a new round of financing totaling $10.8 million. The new funds will be used to support the expansion of its decentralized AI computing network and accelerate its launch on a certain Blockchain to develop a decentralized contributor network. SparkChain AI's decentralized artificial intelligence infrastructure transforms idle bandwidth and computing resources into AI computing power, reconstructing global unstructured data and monetizing it through a network composed of nodes, routers, and smart data processors.

AI

The robotic intelligence platform PrismaX has completed a $11 million seed round of financing. PrismaX aims to address the major challenges in the physical AI and robotics industry: data, models, and scalability. It focuses on building a decentralized data incentive mechanism to promote the standardization of robotic visual data and the development of remote control infrastructure, with the goal of achieving efficient training and large-scale deployment of physical AI models.

The decentralized AI infrastructure project Gradient Network has announced the completion of a $10 million seed funding round. This financing will accelerate the research and development of its core infrastructure protocols. It is reported that Gradient aims to create a decentralized AI driven by widespread user participation, and it will launch two of its core protocols this week, namely the decentralized data communication protocol Lattica and the decentralized inference engine Parallax.

Web3-driven AI company PublicAI announced the completion of a $10 million financing round. The company has built an "AI verification layer" through blockchain technology and has established a global network of over a million data contributors, generating more than $14 million in cumulative customer revenue.

PublicAI will launch the first decentralized brainwave collection device, HeadCap, for brain-computer interface research and development. The founder stated that the platform aims to obtain real human data through a reasonable compensation mechanism to address the performance degradation issues caused by AI models relying on synthetic data. The company focuses on innovation at the intersection of Blockchain and AI.

Infrastructure and Tools

A certain project announced the launch of a new platform aimed at providing blockchain-level trust assurance for Web2 and Web3 applications. The platform is based on a re-staking protocol and integrates data availability, general computing, and dispute resolution features. The platform's alpha version has been launched, and the testnet data shows that its data availability layer has a throughput of 50MB/second. The platform plans to expand blockchain technology to traditional fields such as medical records and machine learning through a "verifiability as a service" model. It is currently gradually opening up to developers, with a full launch expected by the end of 2025.

The stablecoin startup Ubyx has completed a $10 million seed round funding. The company is dedicated to building a clearing system that connects stablecoin issuers with banks and fintech companies to solve interoperability issues in payment scenarios. Ubyx plans to establish a global stablecoin acceptance network, enabling stablecoins issued by various institutions to circulate across platforms. Its system will support multiple Blockchains and has already partnered with several stablecoin issuers. The network is expected to go live by the end of the year and will also be compatible with other digital asset forms such as central bank digital currencies in the future.

Blockchain startup Units.Network has completed a $10 million financing round. The project is developed based on a certain protocol, and the funds will be used for infrastructure upgrades and AI product development. The newly developed products include the AI Launchpad and AI Liquidity Manager, which are planned to be launched this year. The former aims to lower the barrier for developers, while the latter focuses on optimizing on-chain market liquidity. Recently, the project launched a performance grant program through the community DAO to incentivize application development.

Project Eleven, a company focused on the development of post-quantum cryptography, has completed a $6 million financing round. The funds will be used to develop tools that protect digital assets like Bitcoin from quantum computing attacks. The company's first product, Yellowpages, an encrypted registry, has completed its audit and allows users to bind existing Bitcoin addresses to new quantum-resistant addresses without relying on on-chain activities.

The crypto platform Stackup has completed a $4.2 million seed round of financing. The platform provides enterprises with a "centralized control over decentralized assets" solution through account abstraction technology, supporting features such as spending limits and batch transaction reviews. The team emphasizes the importance of system security design, pointing out that the current crypto field overly focuses on security protection while neglecting operational safety.

The privacy-centric trading dedicated L1 Blockchain project Defx has completed a $2.5 million seed round of financing. According to reports, Defx is a decentralized exchange based on a Layer 1 Blockchain optimized for high-performance perpetual contract trading. In the private "dark pool" execution environment, order information is encrypted using zero-knowledge proof technology, while ensuring on-chain verifiability.

Centralized Finance

The institutional-level cross-border settlement platform XFX has announced the completion of a $9.1 million seed round financing. According to reports, XFX is an institutional-level cross-border settlement platform that supports real-time transparent flows of fiat currencies and stablecoins.

SaturnX, headquartered in the UAE, announced the completion of a $3 million seed round financing. The company provides a stablecoin-based API cross-border payment platform, supporting major remittance corridors from the Middle East to South Asia, processing over $250 million in transaction volume and achieving profitability within 5 months. The funds from this round will be used to expand into Southeast Asia and Africa, and to strengthen compliance and technology platform development.

Cryptocurrency Reserve

A listed company announced it has secured $600 million in financing, which will be used to launch its on-chain treasury plan based on a certain project and restart its cryptocurrency business. The company plans to focus on multiple projects as core reserve assets and aims to seek a secondary listing on the Tokyo Stock Exchange and the Singapore Exchange in the future. The assets will be custodied by a certain institution and participate in staking.

A cross-border consumer goods e-commerce group announced that it has signed three securities purchase agreements, planning to raise a total of no more than $528 million, primarily to expand its Bitcoin reserves. This financing includes a $26 million equity investment, $300 million in convertible secured notes, and a $200 million equity credit line.

A certain company announced the completion of an additional $51.5 million in private equity public offering financing to support its plan to establish a Bitcoin reserve. To date, the company has raised approximately $563 million through financing, and if convertible bonds are included, the total raised is approximately $763 million. The company will continue to execute its strategy to raise as much capital as possible in order to buy as much Bitcoin as possible.

A certain listed company announced the completion of a $50 million financing, which will be used to purchase the native tokens of a certain project and plans to become one of its main global validation nodes. The total fundraising cap for this transaction is expected to be $150 million, and the company will also change its name, with the stock code being altered. The new Chief Investment Officer will be responsible for executing the crypto treasury strategy.

A publicly listed company has raised approximately $37.1 million in an oversubscribed equity financing. The proceeds will be used to support the ongoing accumulation of Bitcoin treasury reserves.

A certain company announced the successful completion of a targeted private placement, raising approximately 11.5 million USD, with all funds to be used for purchasing Bitcoin as company assets. This is part of its Bitcoin reserve strategy, aimed at enhancing operational leverage, profit margins, and institutional collaboration capabilities. The dilution ratio of this placement is about 9%. The company plans to quickly accumulate 1,000 BTC.

A listed company announced the completion of approximately 7.2 million euros in financing through a capital increase agreement, issuing 1.6 million new shares. The funds raised will be used to continue advancing its "Bitcoin Vault Company" strategy, aimed at long-term enhancement of the per-share Bitcoin holdings.

A UK-listed Bitcoin mining company has raised £3.58 million from investors, of which £3.03 million was raised through a retail investment platform, and the remaining £550,000 came from direct subscriptions by institutions. The funds will be used to expand its Bitcoin holdings and mining operations.

A financial technology company successfully raised 1 million euros by issuing convertible bonds, officially launching the "Bitcoin Vault Company" strategy. This fundraising will be 100% invested in Bitcoin, with a conversion price of 12 euros (a premium of 48.1% over the current price), and the dilution rate is controlled within 1%. This strategy has received relevant regulatory approval.