Global Blockchain Investment and Financing Weekly Report: 17 public financing events, total scale exceeds 183 million USD

Last week, ( 6.16-6.22) a total of 17 public financing events occurred in the global Blockchain sector, with a total funding scale exceeding 183 million USD. In addition, the total financing amount of publicly listed companies' crypto asset reserves reached 1.29 billion USD. The main investment areas include:

• DeFi:3, among which the blockchain project TAC raised a total of 11.5 million USD in two rounds of financing.
• Web3 Games: Starting from 2, among which Thousands and The Wildcard Alliance jointly financed 6.5 million USD.
• Web3+AI: Starting from 3, among them, the decentralized AI infrastructure project Gradient Network completed a $10 million seed round.
• Infrastructure & Tools: Starting from 6, among them, the stablecoin startup Ubyx has completed a $10 million seed round.
• Centralized Finance: 2 cases, among which the institutional-level cross-border settlement platform XFX completed a $9.1 million seed round.

DeFi

The blockchain project TAC has raised a total of $11.5 million in two rounds of financing, with the latest $5 million strategic round led by Hack VC. TAC aims to provide EVM-compatible DeFi infrastructure for the TON and Telegram ecosystem, with plans to launch the mainnet in phases. The project has specifically developed a Telegram mini-application interface, allowing traditional users to directly use DeFi services within the messaging software.

The crypto savings app Nook has completed a $2.5 million funding round, with investors including a venture capital division of a certain trading platform, defy.vc, and UDHC. Nook was founded by three former engineers from a certain trading platform, aiming to help non-native cryptocurrency users increase their cryptocurrency holdings more easily through services like Aave, and to simplify the crypto lending process.

The DeFi protocol BitVault has completed a $2 million pre-seed round of financing, with strategic investors including GSR, Gemini, Auros, and Keyrock. The funding will support the launch of the over-collateralized stablecoin bvUSD and its yield-bearing variant sbvUSD, both of which are linked to Bitcoin derivatives. BitVault will be deployed on the Katana chain incubated by Polygon Labs and GSR, utilizing Liquity V2's permissioned fork technology to support institutional-level lending and automated liquidation.

Web3 Games

Web3 protocol Thousands and its sister company The Wildcard Alliance have announced a joint funding of $9 million. A certain blockchain startup platform and a certain investment institution are co-leading the investment, having raised $6.5 million so far, with the remaining funding 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 ecology game launch platform Uptopia has completed a $4 million financing round, led by a certain investment institution, with participation from other well-known investment institutions. The official announcement states that The Factory will be officially upgraded and launched on June 18.

DePIN

DePIN project SparkChain AI announced the completion of a new funding round of $10.8 million, led by OakStone Ventures. The new funds will be used to support its expansion of a decentralized AI computing network and accelerate the launch on a certain Blockchain to develop a decentralized contributor network. SparkChain AI's decentralized artificial intelligence infrastructure supports the transformation of 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 financing, led by a well-known investment institution, with multiple institutions participating. PrismaX aims to address the main 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 announced the completion of a $10 million seed round financing. This round of financing was led by a certain investment institution, with participation from several well-known institutions and angel investors. The funding will accelerate the research and development of its core infrastructure protocol. Gradient aims to create a decentralized AI driven by widespread user participation, and it will launch two core protocols this week: the decentralized data communication protocol Lattica and the decentralized reasoning engine Parallax.

Web3-driven artificial intelligence company PublicAI announced the completion of a $10 million funding round (, including $2 million in seed funding and $8 million in Series A funding ). The latest financing was participated by multiple investment institutions. The company has built an "AI human verification layer" using Blockchain technology and has established a network of over a million global data contributors, generating more than $14 million in 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 is committed to obtaining authentic human data through a reasonable compensation mechanism to address the performance degradation issues caused by AI models relying on synthetic data. The company is a project incubated by a well-known accelerator, focusing on innovation at the intersection of Blockchain and AI.

Infrastructure & Tools

Eigen Labs announced the launch of the EigenCloud platform, aimed at providing blockchain-level trust assurance for Web2 and Web3 applications. This platform is based on EigenLayer's restaking protocol, integrating data availability, general computation, and dispute resolution functionalities. A well-known investment institution purchased EIGEN tokens for $70 million, continuing its investment strategy following the $100 million Series B financing on February 1, 2024.

The alpha version of the platform has been launched, and the test net data shows that its data availability layer throughput reaches 50MB/s. EigenCloud plans to extend blockchain technology to traditional fields such as medical records and machine learning through a "verifiability-as-a-service" model. Currently, the platform is gradually opening up to developers, with a full launch expected by the end of 2025.

The stablecoin startup Ubyx, founded by former executive Tony McLaughlin from a well-known financial institution, has completed a $10 million seed round of financing, led by a renowned investment firm with participation from several other institutions. The company is dedicated to building a clearing system that connects stablecoin issuers with banks and fintech companies to address 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 formed partnerships with several stablecoin issuers. The network is expected to go live by the end of the year and will also be compatible with central bank digital currencies and other forms of digital assets in the future.

Blockchain startup Units.Network has completed a $10 million financing round, led by Nimbus Capital. The project is developed based on the Waves 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 threshold 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. Part of the funds will also be used to expand the capacity of validation nodes and enhance cross-chain liquidity.

Project Eleven, a company focused on the development of post-quantum cryptography, has completed a $6 million funding round, led jointly by Variant Fund and the quantum technology investment firm Quantonation. 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 a Cure 53 audit, allowing users to bind existing Bitcoin addresses to new quantum-resistant addresses without relying on on-chain activities.

The crypto platform Stackup, founded by former executive John Rising of a well-known aerospace company, has completed a $4.2 million seed round of financing, led by 1kx with participation from several well-known institutions. The platform provides a "centralized control over decentralized assets" solution for enterprises through account abstraction technology, supporting features such as spending limits and batch transaction reviews. Rising emphasizes the importance of system security design based on his aerospace engineering experience, pointing out that the current crypto field overly focuses on security protection while neglecting operational safety. The Stackup team currently consists of 4 members, and their technology has previously been applied in the wallet development of a well-known exchange and a well-known wallet.

The privacy-centric trading dedicated L1 Blockchain project Defx has completed a $2.5 million seed round financing, with investment from several well-known investment institutions and individuals. 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 announced the completion of a $9.1 million Series A funding round, led by a well-known investment institution, with participation from multiple other institutions. According to reports, XFX is an institutional-level cross-border settlement platform that supports real-time transparent liquidity of fiat currencies and stablecoins.

SaturnX, headquartered in the UAE, announced the completion of a $3 million seed round financing, led by an investment institution. The company offers a stablecoin-based API cross-border payment platform, supporting major remittance channels from the Middle East to South Asia, and has processed over $250 million in transaction volume and achieved profitability in just five months. The funds from this round will be used to expand into Southeast Asia and Africa, and to strengthen compliance and technology platform development.