Last week, there were a total of 20 public financing events in the cryptocurrency market, with a cumulative financing of approximately 130 million USD | Investment and Financing Weekly Report
Solana re-staking protocol Fragmetric has completed a $7 million seed round financing, led by Finality Capital Partners and Hashed; RWA end-to-end solution Fraktion has completed a €110 million seed round financing, with participation from Tezos Foundation; non-custodial Bitcoin trading platform Flashnet has completed a $4.5 million seed round financing, with participation from Soma Capital.Organizer: Luan Peng, RootData
According to incomplete statistics from RootData, during the period from February 3 to February 9, 2025, there were a total of 20 public financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $130 million.
From the perspective of track distribution, the projects that received financing are mainly distributed in the AI and DeFi tracks. Popular projects include the decentralized gaming infrastructure platform Beamable, the non-custodial Bitcoin trading platform Flashnet, the AI gaming network GOAT Gaming on Telegram, and the self-sovereign AI agent platform Olas in the crypto space.
In addition, the Bitcoin Ordinals project Taproot Wizards completed a $30 million financing round, led by Standard Crypto.
*（List of projects with financing greater than $5 million last week, data source: * Rootdata）
I. Infrastructure
The Bitcoin ecosystem yield network Corn announced on X that it has raised $1.5 million through Echo, with 337 new investors. Since the project's launch, Corn has attracted 1,052 investors, with a total financing amount of $16.5 million.
It is reported that Corn is a network specifically designed for BTCFi. Corn is supported by Arbitrum and integrated with Coinbase, Chainlink, and LayerZero, providing BTC holders with a convenient and secure way to access the most diverse financial markets globally.
Previously, Corn completed a $8.3 million community financing round through the Legion platform in January 2025, attracting 675 new investors. In August 2024, Corn secured $6.7 million in financing, with investors including Binance Labs, Framework Ventures, OKX Ventures, HTX Ventures, and Relayer Capital.
DePIN project Beamable completes $13.5 million Series A financing, led by Bitkraft Ventures
According to The Block, the decentralized gaming infrastructure platform Beamable has completed a $13.5 million Series A financing round, led by Bitkraft Ventures, with participation from Arca, Advancit Capital, 2Punks, P2 Ventures, Solana Foundation, Scytale Digital, defy.vc, GrandBanks Capital, and Permit Ventures.
The new round of financing aims to accelerate the development and expansion of Beamable Network, a decentralized physical infrastructure network (DePIN) designed to change the way backend infrastructure for games is built and operated. Beamable Network is committed to transforming on-site game support by reducing reliance on centralized hyperscale providers.
II. DeFi
The decentralized yield and on-chain dual investment trading platform Prodigy.Fi announced on X that it has completed a $5 million seed round financing, led by Quantstamp and Republic, with participation from Arbelosxyz, PANONY Group, RSK Capital, and Samara Alpha. This round of financing will be used to promote its DeFi yield mining and trading product development on Berachain.
In addition, ProdigyFi has also received RFB funding from the Berachain Foundation and plans to allocate 10%-15% of BERA to testnet users as rewards.
According to Web3 asset data platform RootData, Prodigy.Fi is a dual investment vault that allows users to passively earn enhanced yields while waiting to reach their linked prices.
The Solana restaking protocol Fragmetric announced via tweet that it has completed a $7 million seed round financing, led by Finality Capital Partners and Hashed, with participation from Hypersphere, Presto, Bitscale Capital, Halo Capital, Flowdesk, and support from several angel investors in the Solana and Restaking ecosystem.
According to Web3 asset data platform RootData, Fragmetric is Solana's native liquid restaking protocol, aiming to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively implements NCN reward distribution. Additionally, Fragmetric has designed practical solutions, such as a standardized token program, for utilizing various LSTs on the restaking platform. Fragmetric's mission is to build a secure, transparent, and efficient restaking infrastructure that empowers users and supports the stability of the Solana restaking ecosystem.
Non-custodial Bitcoin trading platform Flashnet announced the completion of a $4.5 million seed round financing, led by Abstract VC, with participation from UTXO Management, Soma Capital, HFØ, Chapter One, Accomplice, etc. The new funds are intended to support the platform's development of trading features based on the Lightning Network and UTXO, and to integrate with Bitcoin wallets.
On-chain interest rate market Rho Labs completes $4 million seed round financing, led by CoinFund
Founded by former Copper Chief Product Officer Alex Ryvkin, the on-chain interest rate market Rho Labs has successfully completed $4 million in seed round financing, led by CoinFund, with participation from CoinFund, Flow Traders, etc.
Rho Protocol is the first crypto-native interest rate market, uniquely integrating staking, lending, and perpetual contract funding rate trading on a single platform.
Previously, Rho Labs announced the completion of a $2.2 million Pre-Seed round financing, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Copper CEO Dmitry Tokarev.
According to The Block, cross-chain token trading infrastructure provider Reservoir has completed a $14 million Series A financing round, led by Union Square Ventures, with participation from Coinbase Ventures, Variant, Archetype, 1kx, etc. The financing is structured as equity plus token warrants, and Union Square Ventures partner Nick Grossman will join the board.
Reservoir was founded in 2021 and previously completed $12 million in financing. The company currently has 25 employees and plans to expand to 40 by the end of the year. Its products include cross-chain bridging and exchange platform Relay, decentralized exchange Reservoir Swap, and NFT trading market API, serving mainstream platforms such as Coinbase, OpenSea, and Magic Eden.
III. Gaming
AI gaming network GOAT Gaming on Telegram announced the completion of $4 million in strategic financing, co-led by TON Ventures, Karatage, Amber Group, and Bitscale Capital, with participation from Framework Ventures, Mirana Ventures, Folius Ventures, Sfermion, The Spartan Group, etc.
GOAT Gaming, developed by the gaming platform Mighty Bear Games on Telegram, offers competitive and casual games with real cash rewards. The platform is supported by AlphaGOATs, autonomous AI agents that can compete, earn, and grow. Its AlphaAI toolkit enables third-party developers to seamlessly publish, monetize, and scale games.
According to RootData data, in July 2022, the game studio Mighty Bear Games completed $10 million in financing, led by Framework Ventures.
IV. AI
According to The Block, self-sovereign AI agent platform Olas has completed $13.8 million in financing to support the launch of an "agent app store" named Pearl. This round of financing was led by 1kx, with participation from Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock, and others. The Olas team (also known as Autonolas) stated that the funds will be used to support its agent app store, aiming to democratize access to user-owned AI agents.
At the same time as announcing the financing, Olas also launched the Olas Accelerator program, which provides $1 million in funding and OLAS token rewards for developers building agents on the platform. Olas's tech stack includes Olas Stack and Olas Protocol, which incentivize the creation and co-ownership of AI agents. The team stated that it has facilitated over 3.5 million transactions from agents across nine blockchains.
Crypto collaboration terminal project Herd announced the completion of $1.8 million in Pre-Seed round financing, led by Semantic Ventures, with participation from Archetype and Hardi Meybaum.
Herd is developing a collaborative terminal, called "coterminal," aimed at simplifying interactions with on-chain contracts. The platform enables users and AI agents to collaboratively search, understand existing on-chain contracts, and write them as off-chain and on-chain outputs.
V. Others
According to Fortune magazine, stablecoin crypto startup Coala Pay has completed $3.5 million in seed round financing, led by Castle Island Ventures, with participation from Lattice Fund, Factor Capital, and the founder of the crypto charity platform The Giving Block. The company will use the funds from this round to expand its team and hire employees with experience working for the United Nations and the U.S. government.
The company aims to connect humanitarian aid organizations with potential donors. Coala Pay helps vet donors and local aid organizations, requiring both parties to provide detailed documentation to prove their legitimacy. Once both parties are whitelisted, they can access each other's documents as needed. Coala Pay does not sign physical contracts but creates smart contracts for stablecoin transactions and generates a token to store information and track the use of funds.
Digital asset custody and market service provider Hex Trust officially announced the completion of a new round of strategic financing, led by Morgan Creek Digital, with participation from Injective.
The company did not disclose the specific amount of this round of financing but revealed that its total financing has now exceeded $100 million. Hex Trust also stated that it will launch Series C financing later this year and pursue potential strategic acquisitions, with its business currently covering regions such as Hong Kong, Singapore, Dubai, France, and Italy.
According to Chainwire, RWA end-to-end solution Fraktion announced the completion of €110 million in seed round financing, with participation from Cabrit Capital, Tezos Foundation, Vox Capital, and well-known angel investors such as Olivier Huby (former MFEX), Andréa Bensaïd (Eskimoz), and Guillaume Mayot (Lukeion).
Fraktion launched on the Tezos blockchain in mid-2023, and the new funds will be used to accelerate the development of its technology platform and expand its influence in the field of real-world assets.
According to Crowdfund Insider, Paxos announced that it has received regulatory approval to complete the acquisition of the Finnish electronic money institution Membrane Finance, with the specific acquisition amount not disclosed. After the acquisition is completed, Paxos will become a fully licensed EMI (electronic money institution) in Finland and the EU, allowing Paxos to expand its regulated platform to serve European clients in a secure and compliant manner.
Berachain ecosystem project Henlo announces completion of $3 million seed round financing
According to official news, Berachain ecosystem project Henlo announced the completion of $3 million in seed round financing. Framework Ventures, Olympus DAO, Rubik VC, Baboon VC, Primitive Ventures, SNZ Capital, Asylum Ventures, ViaBTC Capital, Paramount Capital, and Wizards Capital participated in the financing.
It is reported that Henlo positions itself as a universal entry point in the crypto space, aiming to simplify the onboarding process for cryptocurrencies.
Bitcoin Ordinals project Taproot Wizards completes $30 million financing, led by Standard Crypto
According to The Block, the Bitcoin Ordinals project Taproot Wizards has completed $30 million in financing, led by Standard Crypto. Additionally, according to Web3 asset data platform RootData, it was previously announced in November 2023 that it had completed $7 million in financing, led by Standard Crypto.
