Blockchain Funding Report: Key Deals & Insights (Nov 17-23)

Blockchain Funding Highlights (Nov 17-23)

According to PANews's estimates, last week (Nov 17-23) saw a total of 18 global blockchain funding deals, with a total value exceeding $1.334 billion USD. In addition, the total crypto asset reserve funding for listed companies exceeded $300 million USD.

Key Sector Overview:

• DeFi: 6 funding deals were announced, including Solana ecosystem yield trading protocol RateX completing $7 million USD in new financing with participation from Animoca Ventures.
• Web3 + AI: 2 funding deals were disclosed, including AI agent smart data layer ZENi completing a $1.5 million USD seed round led by Waterdrip Capital and Mindfulness Capital.
• Infrastructure & Tools: 3 funding deals were announced, including Layer1 decentralized autonomous smart chain CratD2C receiving a $30 million USD strategic investment from Nimbus Capital.
• Centralized Finance: 3 funding deals were disclosed, including French crypto bank fintech company Deblock completing a €30 million Series A financing.
• Other Web3 Applications: 4 funding deals were announced, including Web3 game WizzWoods completing a $10 million USD Series A financing led by Animoca and IVC.
• Listed Companies: Onfolio Holdings completed $300 million USD in financing for use in crypto treasury strategies.

Notable Funding Deals:

• TRONBANK: TRON-based DeFi platform secured strategic investment from multiple institutions, led by BlockX with $10 million USD.
• RateX: Solana ecosystem yield trading protocol completed $7 million USD in new financing with participation from Animoca Ventures.
• HelloTrade: Blockchain trading platform founded by ex-BlackRock executive completed $4.6 million USD in financing led by Dragonfly Capital.
• Mu Digital: Completed $1.5 million USD Pre-Seed round, focused on bringing Asian high-yield credit on-chain.
• Takadao: Completed $1.5 million USD Seed round and launched LifeCard for stablecoin consumption.
• USD.AI: Permian Labs, the development team for USD.AI, received investment from Coinbase Ventures.
• Numerai: AI-based decentralized hedge fund Numerai completed $30 million USD in financing at a $500 million USD valuation.
• ZENi: AI agent smart data layer completed a $1.5 million USD seed round led by Waterdrip Capital.
• CratD2C: Layer1 decentralized autonomous smart chain received a $30 million USD strategic investment from Nimbus Capital.
• 0xbow: Compliance privacy protocol completed $3.5 million USD in seed funding led by Starbloom Capital.
• Tether: Tether announced an investment in Parfin to accelerate institutional adoption of USDT in Latin America.
• Onfolio Holdings: Onfolio Holdings raised $300 million USD to establish a digital asset reserve.
• Kraken: Kraken received a $200 million USD investment from Citadel Securities, boosting its valuation to $20 billion USD.
• Deblock: French crypto bank fintech company Deblock completed a €30 million Series A financing led by Speedinvest.
• Ledn: Tether announced a strategic investment in Bitcoin-backed loan market, Ledn.
• Kalshi: Prediction market platform Kalshi completed $1 billion USD in financing at an $11 billion USD valuation led by Sequoia and CapitalG.
• FastX Network: FastX Network completed a $3 million USD financing round.
• WizzWoods: Web3 game WizzWoods completed a $10 million USD Series A financing.
• XOCIETY: Blockchain shooter game XOCIETY raised $1.6 million USD.
• Obex: New crypto incubator Obex raised $37 million USD to support yield-bearing stablecoins.