From May 24 to May 31, 2025, 21 projects in the cryptocurrency and fintech sectors raised a total of $124.8 million in investments. Two other startups refrained from disclosing the amount of funding received.
This is reported by Business • Media
“The leaders in terms of funding received were the projects Conduit and OpenFX.”
Main Beneficiaries of the Investment Week
The largest share of investments went to the project Conduit — a payment platform based on stablecoins. It raised $36 million in a Series A round led by Dragonfly and Altos Ventures, as well as Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and others. The funds will be used to expand its presence in new countries and support additional currencies, both traditional and digital.
The second highest in terms of investment was OpenFX, which specializes in platforms for stablecoin transactions. The company received $23 million from Accel, NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, and several other players. The funding will be directed towards business development in Latin America, Asia, and the launch of new products.
Significant amounts were also raised by payment and infrastructure projects: beam ($7 million), Donut ($7 million), Cooking.City ($7 million), K33 ($6.23 million), Hyperdrive ($6 million), and Rumi ($4.7 million). Among other projects that received substantial funding are Oncade, Asigna, Naoris Protocol, Assisterr, Dexari, Blockrise, H100, BlockSpaces, Stablecorp, Mirage Protocol, Ducat, Ego, and Iqana.
Investment Trends and New Directions
This week, funds’ interest was particularly focused on the DeFi and CeFi sectors, as well as solutions for Web3, blockchain infrastructure, NFTs, GameFi, and other innovative areas. Investments were made by both global players and startups from Ukraine (including the AI platform Assisterr).
It is also worth noting the large deals outside of standard startup rounds. The American company Strive announced a private placement of shares for $750 million — this will serve as the foundation for launching a profitability-oriented strategy in the bitcoin segment. The Japanese company Metaplanet issued bonds for $21 million to increase its bitcoin reserves, while the company Twenty One replenished its circulation of convertible bonds by $100 million to expand its bitcoin track.
Among the funds, the most active in terms of the number of investments were Dragonfly, a16z, Altos Ventures, and other leading venture players.
The industry breakdown shows that funding was received by projects in Web3, blockchain services, infrastructure, the gaming industry, DeFi, CeFi, NFTs, and related fields.
In the previous week, from May 17 to May 24, 20 projects raised over $437 million, indicating a steady interest from investors in digital financial technologies.