From May 24 to May 31, 2025, 21 projects in the digital assets sector secured funding totaling $124.8 million. Two additional startups chose not to disclose the details of their raised funds. The majority of investments were directed towards the DeFi and CeFi sectors, with Conduit and OpenFX leading in terms of funding volume.
This is reported by Finway
Largest Investment Rounds and Key Projects
- Conduit raised $36 million in a Series A round led by Dragonfly and Altos Ventures. The platform will expand its presence in new markets and integrate support for both digital and traditional currencies.
- OpenFX secured $23 million for the development of a stablecoin transaction platform, particularly in Latin America and Asia.
- beam closed a $7 million round to scale its stablecoin payment service in the markets of Latin America, Africa, the Asia-Pacific region, and the EU.
- Donut raised $7 million for the development of a cryptocurrency browser with integrated AI agents.
- Cooking.City received $7 million for the development of a token issuance platform within the Solana ecosystem.
- K33 from Norway raised over $6.2 million to create a Bitcoin treasury and expand its range of financial services.
- Hyperdrive secured $6 million for the development of infrastructure for stablecoin yield generation.
- Rumi raised $4.7 million to create a decentralized AI infrastructure for media.
- Oncade received $4 million to scale its stablecoin-based gaming platform.
- Asigna and Naoris Protocol each raised $3 million for the development of multi-signature Bitcoin wallets and quantum-resistant blockchain infrastructure, respectively.
- Ukrainian startup Assisterr secured $2.8 million for the development of a decentralized AI economy.
- Among other projects that received investments are: Dexari ($2.3 million), Blockrise ($2.27 million), H100 ($2.2 million), BlockSpaces ($2 million), Stablecorp ($1.8 million), Mirage Protocol ($1.6 million), Ducat ($1.5 million), Ego ($800,000), Iqana ($624,000).
Investment Activity, Funds, and Additional Deals
In addition to the main beneficiaries, several other companies reported raising funds but did not disclose specific investment amounts. In particular, YZi Labs invested in Avalon Labs to develop a Bitcoin-based financial network, while Maelstrom Fund supported the decentralized platform Hyperion on Aptos.
The American company Strive, founded by Vivek Ramaswamy, announced a private placement of shares worth $750 million to launch a new Bitcoin strategy with returns exceeding market alpha. Japanese Metaplanet issued $21 million in zero-coupon bonds for EVO FUND, which will increase Bitcoin reserves. The firm Twenty One raised $100 million through the issuance of convertible secured bonds, continuing its strategy of accumulating digital gold.
“From May 24 to May 31, 2025, 21 projects raised a total of $124.8 million in investments. Two other projects did not disclose the amount of funding received.”
According to CryptoRank, the top 5 most active funds last week remained among the most notable players in the market. Investments were directed towards Web3, blockchain services, GameFi, NFTs, and infrastructure solutions.
For comparison: the week prior, 20 projects raised over $437 million in investments.