Financing Weekly Report | 20 public financing events, Web3 smartphone manufacturer Nothing completes $200 million Series C financing with a valuation of $1.3 billion, led by Tiger Global.

Highlights of this issue

According to incomplete statistics from PANews, there were 20 investment and financing events in the global blockchain sector last week (9.15-9.21), with a total funding scale exceeding $430 million, including 6 acquisition deals; in addition, the total financing amount for publicly listed companies' crypto asset reserves exceeded $1.95 billion, as summarized below:

• In the DeFi sector, 4 financing events were announced, including the hybrid decentralized exchange GRVT completing a $19 million Series A funding round, led by ZKsync and Further Ventures;
• Web3 Gaming sector has announced 1 financing event, as the Web3 action role-playing game RuneSoul completes a new round of financing of $4 million, led by Bitgo Capital;
• Infrastructure & Tools sector announced 7 financing events, among which Web3 smartphone manufacturer Nothing completed a $200 million Series C financing at a valuation of $1.3 billion, led by Tiger Global;
• Decentralized Finance sector announced 6 investment and financing events, among which the wealth management platform Finary announced the completion of a €25 million Series B financing round, led by PayPal Ventures;
• Other Web3 applications announced 2 financing events, including Metaplanet's strategic acquisition of the Bitcoin.jp domain and the establishment of two new subsidiaries;
• In addition, 3 listed companies have completed financing to establish crypto treasuries, among which Helius has collaborated with Pantera Capital and others to raise over $500 million, and will launch the SOL treasury company.

DeFi

Hybrid cryptocurrency exchange GRVT completes $19 million Series A funding, led by ZKsync and Further Ventures

The hybrid decentralized exchange GRVT, based on the Ethereum scaling layer ZKsync, has completed a $19 million Series A financing round, led by ZKsync and Further Ventures, with participation from EigenCloud and 500 Global. The new funding will help GRVT expand its product range, covering cross-exchange vaults, cross-chain interoperability, and plans to utilize EigenDA’s programmable privacy features. GRVT combines the user experience and compliance of CEX with the self-custody features of DEX. Its mainnet Alpha version is set to launch on ZKsync by the end of 2024, with trading categories expanded from cryptocurrency perpetual contracts to spot and options. Currently, GRVT is applying for operating licenses in multiple locations and had already obtained a VASP license in Lithuania back in 2023. Previously, GRVT had raised approximately $14.3 million through multiple funding rounds and secured $2.2 million through a private token sale in March 2024.

The DEX aggregator Titan has completed a $7 million seed round of financing, led by Galaxy Ventures

The Solana ecosystem meta DEX aggregator Titan has announced the completion of a $7 million seed round financing, led by Galaxy Ventures, with participation from Frictionless, Mirana, Ergonia, Auros, Susquehanna, and several angel investors. Titan stated: "This financing will accelerate Titan's process to build a comprehensive gateway to the internet capital market, specifically designed for traders seeking better trade execution on Solana." It was introduced that Titan has officially concluded its private testing phase and is now open to the public on the titan.exchange platform. In addition, Titan has launched the Titan Prime API, a meta aggregator application programming interface that compares quotes from leading routing tools on Solana, including Titan's proprietary Argos algorithm.

Tokenized stock and ETF platform SHIFT completes seed round financing, led by SNZ Holding

The tokenized stocks and ETF platform SHIFT announced the completion of its seed round financing, led by SNZ Holding. SHIFT stated that SNZ Holding will assist it in promoting the integration of traditional financial assets with DeFi liquidity.

Sonic Labs announces investment in institutional-level RWA service provider FinChain

Sonic Labs announced an investment in the institutional-grade RWA service provider FinChain, aiming to accelerate its strategic goal of becoming the settlement layer of future finance. After the collaboration, Sonic will support RWA issuance, institutional-grade settlement channels, and composability with DeFi, further expanding the market applications of on-chain real-world assets (RWA).

Web3 game

Web3 Action Role-Playing Game RuneSoul Completes $4 Million New Round of Financing

Web3 action role-playing game RuneSoul has completed a new round of financing of $4 million, led by Bitgo Capital, with participation from AccelByte and IGC Global P2E Guild. According to reports, RuneSoul is a 3D card-based action role-playing game that combines real-time strategy with immersive storytelling. RuneSoul integrates GameFi and SocialFi elements, allowing players to own in-game assets and trade them in the NFT market, and earn tokens through gameplay.

AI

Humanoid robot AI company Figure completes over $1 billion in financing, with a valuation of $39 billion

The humanoid robot AI company Figure has announced the completion of over $1 billion in financing, with the latest post-investment valuation reaching $39 billion. This round of financing was led by Parkway Venture Capital, with participation from NVIDIA, Intel Capital, LG, and others. The funds will be used to promote the mass production of robots with human-like intelligence, the construction of GPU infrastructure, and the Helix data collection project.

(This round of financing **** is not included in the statistics of this financing weekly report)

Nvidia will invest £500 million in AI infrastructure company Nscale, which is a spin-off of a cryptocurrency mining company

NVIDIA CEO Jensen Huang revealed that NVIDIA will invest £500 million (approximately $683 million) in Nscale, stating that Nscale will be part of a £11 billion AI infrastructure construction plan. It is reported that Nscale was established only 16 months ago and is a UK data center company that was spun off from a cryptocurrency mining company, Arkon Energy, last year. Nscale is one of the new generation "new cloud" companies that operate and lease capacity in data centers specifically designed for AI and other data-intensive workloads, and has established partnerships with companies such as Microsoft and OpenAI.

(This round of financing is not included in the current financing weekly report statistics)

Infrastructure & Tools

Web3 smartphone manufacturer Nothing completes $200 million Series C funding with a valuation of $1.3 billion

Web3 smartphone manufacturer Nothing has announced the completion of a $200 million Series C funding round at a valuation of $1.3 billion. The company previously collaborated with Polygon to launch the blockchain phone Nothing Phone. This round of financing was led by Tiger Global, with other investors including GV, Highland Europe, EQT, Latitude, I2BF, and existing investors like Tapestry. The new round of financing brings Nothing's total funding to over $450 million. Founder Carl Pei stated, "This marks the beginning of a new chapter for us: from being the only emerging smartphone company in the past decade to creating an AI-native platform that integrates hardware and software." The company plans to launch its first AI-native devices next year.

Mavryk Network Secures Millions in Funding to Advance Real Estate Asset Tokenization in the UAE

Layer-1 public chain Mavryk Network announced the completion of a $10 million strategic financing round, led by MultiBank Group. The funds will be used to advance its plan to put over $10 billion of real estate assets in the UAE on-chain in collaboration with MultiBank. The project is supported by multi-party computation wallet services from digital asset custodian Fireblocks, allowing investors to trade and stake real estate tokens through the Mavryk platform without the need to manage private keys independently.

RGB Protocol Bitlight Labs completes $9.6 million Pre-A round financing, led by Amber Group and Fundamental Labs

Bitlight Labs announced the completion of $9.6 million in Pre-A financing, led by Amber Group and Fundamental Labs, with other participating investors including UOB Venture Management, Signum Capital, ArkStream Capital, Side Door VC, Outliers Fund, Taisu Ventures, HV Capital, SuDo Research, and Gate Ventures. This financing will be used to develop production-grade integration based on the RGB protocol and the Lightning Network, aimed at building a low-cost settlement system for Bitcoin-native stablecoins to serve the wallet and merchant ecosystem. Bitlight Labs stated that it will continue to promote the intelligent development of Bitcoin, the Lightning Network, and the RGB protocol.

Openverse completes $8 million Series B funding, with participation from Bright Capital and others

Layer0 blockchain infrastructure platform Openverse has announced the completion of a $8 million strategic Series B funding round, with investors including Bright Capital, KC International, Innovation Engine, Go2Mars Labs, Becker Ventures, Gaea Ventures, and several global family offices. After this round of funding, Openverse's total funding amount has reached $19 million. Openverse is developing a new generation Layer0 value internet, focusing on bridge-less cross-chain interoperability, RWA standardization framework, multi-chain native payments, and Bitgold (BTG) value anchoring.

Crypto wallet Senpi completes $4 million seed round financing, led by Lemniscap and Coinbase Ventures

Senpi, a company based in Miami, is developing a cryptocurrency wallet that recently completed a $4 million seed round of financing led by Lemniscap and Coinbase Ventures. The funds will be used to expand the platform's accessibility and further develop its AI capabilities. According to reports, in addition to autonomous trading, Senpi also offers features such as copy trading, customizable strategies, real-time profit and loss tracking, market sentiment analysis, and risk management tools. Senpi employs a non-custodial design, allowing users to have full control over their private keys.

Web3 Intent Resolver Coordination Layer Epoch Protocol Completes $1.2 Million Pre-Seed Round Financing

The Web3 Intent Solving Coordination Layer Epoch Protocol has announced the completion of a $1.2 million Pre-Seed round of financing, with participation from L2 Iterative Ventures, Alphemy Capital, G20 Group, LongHash Ventures, and several angel investors. According to reports, Epoch aims to create an intent coordination layer to simplify the Web3 experience—transforming fragmented chains, tokens, and protocols into seamlessly connected, intent-driven interactions.

Paxos acquires NucleusEarn, establishes Paxos Labs to advance enterprise blockchain financial services

Paxos announced the acquisition of NucleusEarn and established a new division called Paxos Labs, co-founded by Chunda, Jun Kim, and Bhau. Paxos Labs will provide on-chain financial infrastructure for enterprises, supporting a diverse range of crypto financial services from stablecoin issuance to compliant money markets.

Other

Consumer Entertainment:

LimeWire acquires the Fyre Festival brand, plans to relaunch in crypto in 2026

LimeWire has acquired the Fyre Festival brand and plans to relaunch the music festival in 2026 by integrating the LMWR token and offering NFT exchanges for original ticket holders, promoting a cryptocurrency-driven comeback for the brand.

Media Activity:

Metaplanet strategically acquires the Bitcoin.jp domain and establishes two new subsidiaries

According to a Metaplanet announcement, it has strategically acquired the Bitcoin-related domain "Bitcoin.jp" and established a wholly-owned subsidiary named "Bitcoin Japan Co., Ltd." This company will be responsible for operating Bitcoin-related media, events, and services, including Bitcoin.jp, Bitcoin Magazine Japan, and future Bitcoin Japan conferences. In addition, Metaplanet has also set up a new subsidiary in the United States called "Metaplanet Income Corp.", focusing on Bitcoin revenue business and related derivatives trading. Metaplanet stated that this domain acquisition and subsidiary establishment will enhance operational transparency and profitability, providing important support for its Bitcoin ecosystem layout, while further strengthening its competitiveness in the global Bitcoin market.

Cryptocurrency Asset Reserve: (Not included in the current financing weekly report statistics)

Forward Industries invests $1.58 billion to acquire over 6.82 million SOL

Forward Industries announced the purchase of 6,822,000 Solana (SOL) at an average price of $232 each, totaling approximately $1.58 billion. This transaction marks the first deployment of the company's $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The SOL acquired by Forward Industries has been staked, with some transactions completed via the Solana on-chain platform DFlow. The company plans to enhance the per-share value of SOL through active management and on-chain operations.

Helius partners with Pantera Capital and others to raise over $500 million to launch SOL treasury company

Helius (NASDAQ:HSDT) announced a collaboration with institutions such as Pantera Capital, Summer Capital, and New Fire Technology to complete over $500 million in private placement financing, planning to use SOL as the main reserve asset to promote the development of the Solana ecosystem. This financing includes common stock and pre-paid warrants, with a warrant exercise price of $10.134, valid for three years. Helius will use the raised funds to purchase SOL and develop digital asset reserve operations, and will subsequently evaluate DeFi opportunities such as staking and lending while maintaining prudent risk management. The company's stock will continue to trade on NASDAQ. According to New Fire Technology (1611.HK), a Hong Kong-listed company, it invested $10 million in the private placement of Helius (HSDT) to support Helius in its strategic transformation.

Public company GD Culture will acquire 7,500 bitcoins in the acquisition of Pallas Capital assets

GD Culture Group Limited (NASDAQ: GDC) announced that on September 10, 2025, the company signed a share exchange agreement to acquire 100% of the issued and outstanding common stock of Pallas Capital. Upon completion of the transaction, the company will issue 39,189,344 shares of common stock and acquire all assets of Pallas Capital, including 7,500 bitcoins, free of any encumbrances.

Caliber Completes $15.9 Million Convertible Preferred Stock Financing and Launches ATM Issuance Program

Caliber (NASDAQ: CWD) announced that it has reached a securities purchase agreement with institutional investors to issue 15,868 shares of Series B convertible preferred stock at a price of $1,000 per share, raising approximately $15.9 million. The preferred stock is convertible into common stock at $250 per share, carries no voting rights or dividends, and has priority over Class A and B common stock but is subordinate to Series A and AA preferred stock. Meanwhile, the company has submitted a supplemental filing to the SEC to initiate an ATM issuance program, with an initial available amount of approximately $10.3 million, which will be used to support its digital asset strategy, including the continued accumulation of Chainlink (LINK) tokens.

centralized finance

IG Group invests $72.4 million to acquire 70% stake in Australian cryptocurrency exchange Independent Reserve

The online trading platform IG Group has acquired a majority stake in the Australian cryptocurrency exchange Independent Reserve for $72.4 million. This move aims to strengthen its position in the rapidly growing cryptocurrency market in the Asia-Pacific region while complementing its recent cryptocurrency business layout in the UK and the US. IG Group will initially acquire 70% of Independent Reserve's shares and has the option to purchase the remaining 30% based on performance in the future. The transaction is expected to be completed in early 2026, with a total price of $117.6 million. Independent Reserve is one of the earliest regulated cryptocurrency trading platforms in Australia, supporting trading of 34 cryptocurrencies and covering the Australian and Singaporean markets. The platform achieved revenue of $23.3 million for the fiscal year ending June 2025, an increase of 88% year-on-year, with a 60% growth in monthly active users and total assets under custody reaching $1.12 billion. IG Group expects this acquisition to enhance the company's earnings starting from the 2027 fiscal year.

Keyrock acquires Turing Capital for $27.8 million to expand digital asset management business

Digital asset trading infrastructure provider Keyrock announced the acquisition of Luxembourg alternative investment fund management company Turing Capital for $27.8 million, and the establishment of an asset and wealth management department. Turing Capital CEO Jorge Schnura will lead the new department and join Keyrock's management team. This acquisition aims to strengthen Keyrock's investment services for institutional and high-net-worth clients, covering liquidity provision, long-term investments, and on-chain asset management. Keyrock has recently expanded its business in the United States and plans to apply for an investment advisory license under the EU MiCA regulation.

Finary completes €25 million Series B financing, led by PayPal Ventures

Wealth management platform Finary announced the completion of a €25 million Series B funding round, led by PayPal Ventures, with participation from LocalGlobe, Hedosophia, Shapers, and existing investors Y Combinator and Speedinvest. Finary plans to utilize AI technology to create an automated, personalized wealth management platform and will launch new products such as brokerage accounts, investment accounts (PEA), and retirement accounts (PER), expanding into more European markets. Currently, Finary has over 600,000 users and aims to achieve profitability in the fourth quarter of 2024.

Kredete completes $22 million Series A financing, led by AfricInvest

African fintech company Kredete has announced the completion of a $22 million Series A financing round, led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and follow-on investment from Polymorphic Capital. This round of financing brings Kredete's total funding to $24.75 million. Kredete is dedicated to helping African immigrants improve their credit records through stablecoin payments and credit-building services, and plans to expand to Canada, the UK, and European markets. The company will introduce Africa's first stablecoin credit card, rental credit reports, credit savings plans, and other new features, and will build a bank and wallet aggregation API covering 41 countries to facilitate secure and low-cost cross-border payments for businesses. Kredete currently has over 700,000 monthly active users, with a total remittance of $500 million, and an average increase of 58 points in users' American credit scores.

US community bank Stablecore completes $20 million financing, with participation from Coinbase Ventures and others

Stablecore announced the completion of a $20 million funding round, with investors including Norwest, Coinbase Ventures, Curql, and BankTech Ventures. Stablecore provides stablecoin, tokenized deposits, and digital asset solutions for community and regional banks and credit unions in the United States, with a platform that can seamlessly integrate with existing banking systems. The company stated that the funding will be used to expand its customer base and team size, assisting traditional financial institutions in developing digital asset-related businesses.

MoonPay acquires crypto payment startup Meso Network, bringing in former PayPal and Venmo executives

MoonPay Inc. has acquired the cryptocurrency payment startup Meso Network, advancing towards the construction of a global payment network that supports both crypto and fiat currencies, allowing for more direct competition with companies like Circle Internet Group Inc. and Visa Inc. The terms of the agreement were not disclosed. Its CEO, Ivan Soto-Wright, stated that the acquisition will enhance support for the U.S. banking system and optimize the developer platform to assist with product integration. Meso co-founders Ali Aghareza and Ben Mills will serve as MoonPay's Chief Technology Officer and Senior Vice President of Product, respectively, both having previously worked at Braintree, a PayPal subsidiary, and Venmo. According to sources, MoonPay is in discussions with investors for a new round of funding, with its valuation expected to rise from $3.4 billion in 2021. A spokesperson declined to comment. It is reported that the acquisition of Meso Network is MoonPay's fourth acquisition this year, following the acquisitions of Iron, Helio, and the unannounced Decent.xyz.