As a seasoned crypto investor, I’m always on the lookout for promising developments in the blockchain space. The recent wave of venture capital investments into various cryptocurrency companies has been particularly noteworthy.
Last week, cryptocurrency businesses managed to secure approximately $62 million in venture capital investments from various firms such as BlackRock.
Securitize receives $47 million
Leading digital asset security company, Securitize, successfully acquired a significant amount of the funds that were recently collected during the fundraising period.
As a researcher, I’ve discovered that our company successfully completed a substantial funding round on May 1st, bringing in a total of $47 million. Notably, BlackRock, the globally recognized leader in asset management, spearheaded this investment initiative.
Securitize is thrilled to reveal that we have successfully closed a $47 million investment round. This round was spearheaded by BlackRock, along with Hamilton Lane, Parafin Capital, Tradeweb, and strategic investors Aptos Labs, Circle, and Paxos.
— Securitize (@Securitize) May 1, 2024
In accordance with the fundraising arrangement, Joseph Chalom, holding the position of Global Head of Strategic Ecosystem Partnerships at BlackRock, was appointed as a member of Securitize’s board of directors.
At the same time that the financing became available, BlackRock introduced its inaugural tokenized investment vehicle: the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This financial product was established on the Ethereum (ETH) network.
In collaboration with Securitize, BUIDL aims to keep the token value steady at $1, distribute dividends straight to investors’ wallets, and present various custody choices to boost investor accessibility and comfort.
Agora raises $5 million
Cross-chain governance platform Agora secured $5 million in seed funding.
I’m here to share some insights about the investors behind Haun Ventures, a firm that has supported groundbreaking companies like Chainalysis, Argus Labs, and Sona. Haun Ventures took the lead role in funding these projects. Additionally, significant contributions came from Seed Club and Coinbase Ventures. Notable individuals in the crypto industry also chipped in, including Balaji Srinivasan, co-founder of Coin Center, podcast host and investor Sina Habibian, and Ethereum developer Tim Beiko.
As a researcher exploring the landscape of decentralized communities, I’d describe Agora as a comprehensive governance solution provider. This system empowers communities by offering functionalities like gasless voting, proposal sponsorship, and API integration. Notable entities in the blockchain space, such as Optimism (OP) and Uniswap (UNI), have adopted Agora’s services.
Hello there, I’m thrilled to present Agora – an all-encompassing governance solution designed specifically for crypto protocols. Over the past 18 months, we’ve collaborated closely with leading players in the field such as Optimism, UniswapFND, and ENS_DAO, among others. Now, it’s your turn to harness these same powerful tools for your community – simply visit our newly launched website!
— Agora (@AgoraGovernance) May 1, 2024
Moso bags $2 million
As a market analysis specialist, I’d put it this way: In late April, I observed Moso, a California-based business bridging e-commerce and cryptocurrency through shop-to-earn, successfully securing a $2 million seed investment.
Symbolic Capital and Dao5 are among the backers.
I’m thrilled to share that we have successfully completed our Seed Round fundraising, raising a total of $2M. A huge gratitude goes out to our investors and early supporters for trusting in our vision and making this achievement possible.
— Moso (@MosoHQ) April 24, 2024
In his blog post, Moso shared their plan to utilize the funds raised during the seed round to strengthen their day-to-day activities and advancement projects.
As a analyst, I’d put it this way: I, along with the leadership of CEO Blake Capozza, collaborate with approximately 2,000 businesses, including prominent names such as Walmart and eBay, to enable cryptocurrency rewards for our user base.
X10 gets $6.5 million
As a crypto investor, I’ve come across X10, a new hybrid crypto exchange that was recently launched by a team of former Revolut employees. They’ve successfully raised $6.5 million in funding for this project.
Newly emerged hybrid crypto exchange X10 officially debuted on testnet today, backed by a $6.5 million investment round. Headed by ex-Revolut Crypto Operations Head Ruslan Fakhrutdinov, the innovative platform aspires to merge the strongest features of Centralized Finance (CeFi) and Decentralized Finance (DeFi).
— Clagett (@Clagett) April 30, 2024
Titan Capital, Semantic Ventures, and notable personalities from Revolut and Lido, including Lido’s founder Konstantin Lomashuk, have joined the list of investors. X10 advocates a blend of centralized and decentralized solutions for cryptocurrency custody.
Hinkal secures $1.4 million
To conclude, Hinkal, a privacy solution based in San Francisco for confidential DeFi transactions on multiple blockchains, secured $1.4 million in funding with The SALT Fund spearheading the investment.
I’m thrilled to announce that Hinkal has successfully secured $1.4 million in funding with a valuation of $70 million, spearheaded by SALT Fund. A heartfelt appreciation goes out to all our investors and The Block for highlighting our journey. Moving forward, we’re committed to re-anonymizing the blockchain together. For more insights into our journey, please check out the article.
— Hinkal (@hinkal_protocol) April 26, 2024
Established by Giorgi and Nika Koreli, Hinkal aims to help venture capitalists and startup founders tackle liquidity issues through a safe platform that facilitates token vesting and liquidation, shielded from unfavorable market fluctuations.
“This platform utilizes zero knowledge (ZK) tech for its power, providing a personal smart contract wallet where users can engage with decentralized apps (dapps) using their hidden addresses.”
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2024-05-04 18:04