Funding Rounds

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum.  Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S. dollar investment from SBI’s subsidiary, SBI Digital Asset Holdings, which will be used to help the firm grow its …

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Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank

Singapore-based lending platform Vauld raised $2 million, led by Pantera Capital, to grow into a full crypto bank. Other investors include Coinbase Ventures, LuneX Ventures and individual investors including Robert Leshner of Compound Finance. So far, Vauld has established a foothold in India, where a favorable ruling from the courts earlier this year has unleashed …

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Algorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains Communicate

Axelar, a decentralized protocol designed by the founding members of Algorand to allow cross-blockchain communication, has raised $3.75 million in seed funding. Announced Thursday, the round saw participation from investors including Binance X, the investment arm and accelerator of cryptocurrency exchange Binance, as well as San Fransisco-based venture capital firm DCVC (Data Collective). Other participants …

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Pantera Capital Leads $2.6M Seed Round for DEX Protocol Injective

Injective Protocol, a decentralized derivatives exchange protocol incubated by Binance Labs, has raised $2.6 million in a seed funding round. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital …

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Crypto Trading Platform CrossTower Raises $6M in Seed Round

Crypto trading platform CrossTower announced Monday that it had raised $6 million in a seed funding round led by European tech investor Gerard Lopez. CrossTower said its platform supports highly-active order books and tight spreads for crypto-to-crypto trading. Launched last month, users can currently trade nine of the most frequently traded cryptocurrencies on the crypto …

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