Blockchain financing overview this week

A total of 17 blockchain startups completed financing this week, bringing the total funding to $285.4 million.

The biggest financing this week

Mesh (formerly Front Finance)

Raised $75M in Series C
Investors include: Dragonfly Capital*, Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, Liberty City Ventures

Mesh is a global crypto payments network that connects hundreds of exchanges, wallets and financial services platforms to enable seamless digital asset transactions.
Founded in 2020, the company integrates highly fragmented crypto infrastructure into a unified system through its proprietary SmartFunding technology, enabling "any-to-any" payments - consumers can pay with any asset (such as Bitcoin, Solana, etc.), and merchants can instantly settle in their preferred stablecoin or fiat currency.

The platform enables interoperability between multiple blockchains and covers 900 million+ users globally.
Mesh serves as an asset-agnostic infrastructure layer that enables the entire crypto ecosystem to operate like a unified payment network, bypassing the traditional financial system and its high latency and fee issues.

Pre-seed and Seed round of financing

Euclid Protocol

Raised $3.5M in Seed round
Investors include: KuCoin Ventures, Gate Ventures, 0G Labs, ATOM Accelerator, Kahuna

Euclid is an interoperable liquidity consensus layer that unifies liquidity across 40+ networks without the need for traditional cross-chain bridges.
Its core innovation is the Virtual Liquidity Pool (VLP): virtual aggregation of liquidity without actually transferring assets, maintaining modularity and accessibility through a virtual settlement layer powered by the Nibiru Chain.

Its Euclid Message Protocol (EMP) supports cross-chain communication between Cosmos (IBC), EVM chain and Solana ecosystem, achieving sub-4 second final confirmation and 1000+ TPS.
This design eliminates cross-chain bridge risks while enabling low-slippage cross-chain exchanges through unified liquidity.

With the LiquiSync Framework, any chain or protocol can be integrated without permission.
The platform also supports adaptive algorithms, order book and AMM integration, lending markets, and the upcoming “Nest” themed treasury strategy product.

Bleap

Raised $6M in Seed round
Investor: Blossom Capital*

Bleap is a self-hosted on-chain financial application that uses blockchain as the settlement layer for daily finance.
Users can spend, save and transfer crypto assets globally through a non-custodial wallet, and make real-world payments through Mastercard debit cards.

Main functions include:

• Multi-chain (Solana, Arbitrum, Base, BNB Chain)Zero-fee crypto trading

• Stablecoin payment rebates 2% USDC cashback

• Instant cross-border transfers without foreign exchange mark-ups

• Up to 20% annualized yield

through the DeFi income vault in partnership with Angle Protocol

Supports Apple Pay and Google Pay.
Registered in Poland in accordance with the MiCA regulatory framework, focusing on Europe and Latin America (Mexico, Brazil, Colombia, Peru).
It currently has 20,000+ users and handles over $30 million in annual transactions.

Doppler (Whetstone Research)

Raised $9M in Seed round
Investors: Pantera Capital*, Variant Fund, Figment Capital, Coinbase Ventures

Whetstone Research focuses on developing new protocols that drive the evolution of on-chain markets.
Its first product Doppler is a liquidity guidance protocol built on the Uniswap ecosystem to improve price discovery efficiency and liquidity quality.
In addition, the company has developed Pure Markets, a DeFi front-end application running on Doppler.

Tenbin Labs

Raised $7.1M in Seed round
Investors include: Galaxy Digital*, Wintermute Ventures, GSR Markets, Variant Fund, Archetype, FalconX, JPEG Trading, Nascent, Reverie, Bankless Ventures, Alpen Labs, Primitive, Fenbushi Capital, Uniswap Labs Ventures, Keone Hon

Tenbin Labs is a New York-based tokenized asset protocol dedicated to building institutional-grade commodity and foreign exchange tokenized markets.
Different from custody-based asset packaging solutions, Tenbin uses CME futures contracts as price anchoring and risk management tools to achieve fast settlement, real-time pricing accuracy, and return futures basis returns to token holders.

The platform will first launch Tokenized gold in early 2026 and cooperate with prime brokers Hidden Road and StoneX; it will then launch high-yield foreign exchange tokens denominated in emerging market currencies such as Brazilian Real and Mexican Peso.

Tenbin supports instant minting and redemption, zero handling fees, and tokens can circulate freely in DeFi protocols, providing users with an alternative to US dollar stablecoins.

Everything

Raised $6.9M in Seed round
Investors: Humanity Protocol*, Animoca Brands, Hex Trust, Three Point Capital

Everything is building a unified "Everything Exchange" that integrates perpetual contracts, spot markets, prediction markets and payment solutions into a seamless platform.
Its goal is to integrate multiple financial instruments and trading mechanisms scattered in different protocols into a complete integrated crypto financial infrastructure.

Zona

Raised $500,000 in Pre-seed round
Investors: Animoca Brands, Echo, Purple

Zona is a platform focused on Real World Asset (RWA) lending and leverage and includes two core products:

• ZonaLend: A lending platform that supports own and third-party RWA as collateral

• Zona Parkhub: its tokenized real estate product, starting with parking space assets

Zona supports one-click cycle leverage strategies, allowing users to amplify returns and price exposure through automated leverage.
The platform has also constructed its own real estate price index to track real estate values in different cities, achieve high-frequency and accurate collateral valuation, lay the foundation for on-chain mortgage loans, and promote real estate financial innovation in DeFi.

Other financing rounds

Talos

Raised $45M in Series B
Investors include: Robinhood, Sony Innovation Fund, IMC, QCP Capital, Karatage, Andreessen Horowitz (a16z crypto), BNY, Fidelity Management and Research Company

Talos is an institutional-grade digital asset trading infrastructure platform that covers the complete trading life cycle from price discovery to settlement.
Connects to 60+ exchanges, OTC platforms, custodians and market makers through a single interface and provides algorithmic execution, intelligent routing, portfolio management, risk management, treasury and settlement, white label solutions and DeFi integration.

Its customers include hedge funds, banks, asset management institutions, securities firms and new banks, with a total assets under management of 21 trillion US dollars, covering 150 million retail users.
The platform has passed SOC2 Type 2 audit and has been integrated with BlackRock Aladdin, Uniswap, Fireblocks and many mainstream trading venues.

Flying Tulip

Raised $25.5M in Series A
Investors: Amber Group, Fasanara Digital, Paper Ventures

Flying Tulip is positioned as a full-stack on-chain trading platform that integrates spot, derivatives, lending, stablecoins and insurance into a unified cross-margin system.
Its unique "On-Chain Redemption Rights" allows investors to burn FT tokens to get back their initial investment, providing downside protection while preserving upside.
Team incentives are earned through secondary market repurchases rather than initial allocations to align incentives with long-term performance.

Xangle

Raised $6.9M in funding round
Investor: Hanwha

Xangle is a blockchain-based digital asset data platform.

Bulletin

Received undisclosed amount of financing in M&A round
Investor: DeFiLama

Bulletin is an OTC (over-the-counter) data aggregation platform focused on secondary market intelligence for private crypto companies.
The platform collects and integrates purchase and sale quotes and transaction data from multiple OTC brokers, and is currently the only database that publicly tracks the valuation of private crypto companies.
Initially used to connect buyers and sellers of private equity and tokens, it later evolved into data intelligence services.
After the merger, its founders will serve as consultants to assist DeFiLama in expanding its OTC data business.

Startale Labs

Raised $13M in Series A
Investor: Sony Innovation Fund*

Startale Labs is an advanced Web3 technology company focusing on multi-chain application and infrastructure development, R&D and entrepreneurial incubation.
Its well-known products include Japan's mainstream smart contract platform Astar Network, and the Swanky Suite toolset for WebAssembly smart contract developers.

Humanity Protocol

Received an undisclosed amount in a funding round
Investor: Hex Trust

Humanity Protocol is a human-centered zkEVM second-layer network, committed to building the world's first Sybil attack-resistant human blockchain network, with the goal of guiding 1 billion people into Web3.
Its mission is to develop Proof of Humanity, provide developers with a unique human identity verification mechanism, and give users complete control over data and identity, becoming the human layer of the next generation Internet.

AetheriumX

Raised $8M in Strategic Round
Investors: Cryptogram Venture (CGV), Gains Associates, The DuckDao, Genesis Capital VC

AetheriumX is a Web3 platform that integrates DeFi, GameFi, prediction markets and creator economy, with the core being Distributed Capital Intelligence Protocol (DCIP).
Its programmable policy execution network coordinates non-custodial on-chain assets, transforming passive income into participatory, composable growth.

Using a dual-token structure:

• AXT: Ecological participation and strategy execution mapping

• VEXA: Governance, risk control and ecological coordination (including repurchase and destruction mechanism)

Supports USDT, ETH, BNB, SOL and other mainstream asset pledges, and maps them to the multiple strategies of DeFi, CeFi and RWA.
It emphasizes transparent accounting, auditability and scalability on the chain, and has an ecological fund to support developer incubation. Focus on expanding the Japanese and Korean markets.

Zama

Raised $44M in Public Sale

Zama is an open source cryptography company that focuses on the cutting-edge Fully Homomorphic Encryption (FHE) technology, serving blockchain and AI.
Its easy-to-use FHE library allows developers to implement end-to-end encryption without a deep cryptography background.
Zama has improved FHE performance by 20x and plans to achieve 100x acceleration, paving the way for critical applications such as confidential blockchain, AI, cryptographic large models and cryptographic SaaS, and looking ahead to dedicated FHE hardware accelerators.

Sentient

Received an undisclosed amount in a funding round
Investor: Franklin Templeton

Sentient is an AI research organization dedicated to building an open AGI economy.
Through blockchain protocols and incentive mechanisms, it helps open source AI developers realize innovation and monetization, collaborate to build powerful AI systems, and become important stakeholders in the decentralized AI ecosystem.

StreamEx

Raised $35M in IPO funding round

StreamEx is an institutional-grade RWA tokenization platform that focuses on bringing commodities onto the blockchain through compliant financial instruments.
Its flagship product GLDY is a gold-backed stablecoin that pays holders up to 4% annualized return in the form of physical gold ounces through a gold leasing mechanism.

The platform provides institutional-grade infrastructure for ETFs, asset managers and custodians, and cooperates with Chainlink for reserve certification and supports the cross-chain functions of Base and Solana.
StreamEx combines physical gold with blockchain technology to provide institutional investors with capital preservation, liquidity and predictable returns.