Investments in the Crypto Sector: Erebor Raises $350 Million, Dominance of Venture Deals, and Focus on DeFi

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Investments in the Crypto Sector: Erebor Raises $350 Million, Dominance of Venture Deals, and Focus on DeFi

From December 20 to 27, 2025, the cryptocurrency sector recorded 12 new investment deals, which collectively brought in over $418.4 million for 11 projects that disclosed funding details. The largest share of funds went to the digital bank Erebor.

This is reported by Finway

Venture Investment Dynamics: Erebor’s Leadership and Sector Activity

The vast majority of investment contributions during this period were allocated to traditional venture rounds. Among the most notable deals:

  • $350 million — Erebor. The digital bank headquartered in Ohio announced the raising of funds from Founders Fund, Haun Ventures, Lux Capital, and 8VC. With the new funding, the company’s valuation reached $4.35 billion.
  • $35 million — Architect. An infrastructure project for exchanges, hedge funds, and traders received capital without disclosing participants or the exact round.
  • $4.2 million — Coinbax. The platform for payments in stablecoins and tokenized deposits completed a seed round with participation from Paxos, Connecticut Innovations, BankTech Ventures, and SpringTime Ventures. The new funds will be directed towards enhancing institutional control over stablecoin operations.
  • $2 million — Otomato. The Web3 automation protocol attracted strategic investments to expand its market presence and product development.
  • $2 million — easy.fun. The trading blockchain platform completed a seed round led by Mirana Ventures. The funds will be used to increase the platform’s functionality.
  • $1.5 million — HodlHer. The operating system for Web3 received funding from Chain Capital, Cryptogram Venture (CGV), and Bitrise Capital to accelerate the development of its core product.
  • $1.5 million — Rocket. The trading platform provider received support from Amber Group, Electric Capital, Jsquare, and other investors in a seed round.
  • $1.45 million — Nodu. The fintech platform raised funds from Digital Space Ventures to update the European payment infrastructure.

Additionally, the gaming Web3 platform Portal completed a strategic round with participation from Animoca Brands focused on product development, although the investment amount is not disclosed.

Token Sales and Corporate Placements: Year-End Trends

In the token sale sector, there was a decrease in activity at the end of December. Only two projects reported successful fundraising:

  • The decentralized protocol Gensyn, specializing in deep learning computations, raised $16.4 million through a public token sale. The funds will allow the team to strengthen market positions and prepare for deployment on the mainnet.
  • The liquidity platform Kodiak Finance, operating on Berachain, raised over $1 million during its token sale. The investments will be directed towards developing its own DeFi solutions.

In the corporate segment, only one deal stood out: TradeWindow raised $3.32 million in a round following its IPO. The funds will be used to create the TradeWindow Freight AI operating system.

“Last week, the main focus was on DeFi solutions and infrastructure developments”.

Active Investors and Funding Priorities

According to the week’s results, the most active investor was Coinbase Ventures. The focus of venture funds and business angels remained on the DeFi sector, as well as blockchain infrastructure, CeFi, GameFi, and various blockchain services.

The previous week, 24 projects collectively raised over $345.3 million, indicating a stable interest in innovative fintech and crypto developments.