Financing Weekly: 11 public financing events, tokenization money market fund platform completes $22 million Series A funding.

According to statistics, there were a total of 11 investment and financing events in the global blockchain sector last week (July 14 - July 20), with a total funding scale exceeding $107 million. In addition, the total financing amount of listed companies' crypto asset reserves exceeded $635 million. The main investment and financing situation is as follows:

DeFi field

A certain tokenization money market fund platform has completed a $22 million Series A financing round. The platform focuses on providing tokenization money market fund services for European enterprises, allowing users to earn daily returns by investing in low-risk assets such as Eurozone and U.S. Treasury bonds. The platform utilizes blockchain technologies like Ethereum and Arbitrum, and has currently processed over $900 million in liquid funds. The company plans to collaborate with multiple institutions, aiming to surpass $1 billion in assets under management by 2025.

A decentralized derivatives exchange has completed the acquisition of a crypto social trading platform, marking its first external acquisition. The deal was completed in a cash + Token combination, with the specific amount undisclosed. The two co-founders of the acquired company will join the exchange in important positions, and the Telegram trading bot they developed along with their 9-person technical team will also be integrated.

Web3 Game Sector

The Web3 fantasy football game Football.Fun has completed a $2 million funding round. This platform is a Web3 fantasy football platform where player cards can be traded like meme coins. Users can build teams through player card packs, participate in tournaments, and trade player shares through an AMM-based dynamic market.

The global mini-game platform PlaysOut has received a new round of strategic financing. The platform is a global mini-game infrastructure and distribution platform aimed at embedding modular gaming systems into super applications. It will build a bridge between web2 and web3 through mini-games, achieving seamless monetization, user growth, and cross-ecosystem expansion.

AI Field

The artificial intelligence growth platform XerpaAI has completed a $6 million seed round of financing. This platform, centered around AI and social networks, aims to enhance user acquisition, brand influence, and distribution efficiency for innovative enterprises in the Web3 and AI fields. It currently has operational teams in multiple cities and has engaged in deep cooperation with important ecological partners in the blockchain and AI industries.

Infrastructure and Tools

The decentralized messaging protocol XMTP development company has completed a $20 million Series B financing, with a post-financing valuation of $300 million. The XMTP protocol has now been integrated into a newly launched application of a certain trading platform, upgrading from an optional feature to a core infrastructure. The protocol provides end-to-end encrypted communication services, supporting secure interactions between wallet addresses.

The privacy financial protocol AI Cross Matrix has completed a $12 million seed round financing. This protocol utilizes ZKP (Zero-Knowledge Proof), ring signatures, and AI-based routing obfuscation technology, aiming to build a trace-resistant cross-chain asset transfer infrastructure.

The crypto infrastructure company Function has completed a $10 million seed round financing. The company is dedicated to developing institutional-level yield solutions for Bitcoin. Its core product FBTC is a fully reserved, composable Bitcoin derivative asset, with a total locked value (TVL) currently reaching $1.5 billion.

Web3 smart layer W3.io has completed a $7 million seed round financing. The project is building a programmable smart automation network, Prodigy Network, aimed at lowering the threshold for enterprises to use blockchain technology and developing plug-and-play business solutions covering scenarios such as global micropayments and mortgages.

The stablecoin payment and embedded financial services platform KUN has completed its Series A financing, with a total financing amount exceeding 50 million USD since its establishment 20 months ago.

Other Fields

The blockchain-based travel platform Blockskye has completed a $15.8 million Series C funding round. The platform directly connects suppliers such as airlines through blockchain technology, helping corporate clients reduce travel costs. The company claims its platform can reduce travel expenses by 14.5% and achieve an 84% savings on agency fees.

Centralized Finance Field

The stablecoin bank Dakota, founded by a former executive of a trading platform, has completed a $12.5 million Series A financing. Dakota facilitates fund transfers through stablecoins, providing bank account-like services for businesses and individuals. Its business model combines traditional banking functions with blockchain technology, primarily serving overseas corporate clients in non-crypto sectors. The platform has processed $1.6 billion in transaction volume, and is expected to reach $4 billion by the end of 2025.