Highlights of this issue
According to incomplete statistics from PANews, there were 18 investment and financing events in the global blockchain last week (October 20-26), with a total funding amount exceeding US$162 million. In addition, the total amount of financing for listed companies' crypto asset reserves exceeded US$110 million. The following is an overview:
- In DeFi, one investment and financing event was announced: Turtle, an on-chain liquidity distribution protocol, completed a new financing of US$5.5 million, with participation from GSR and others;
- The Web3+AI track announced two investment and financing events. Among them, AI Web3 startup Bluwhale completed a US$10 million Series A financing round, with UOB Venture Management participating;
- The Infrastructure & Tools sector announced eight investment and financing events, including YZi Labs leading a $25.5 million strategic financing round in Sign;
- The centralized finance sector announced one investment and financing event: "Programmable Bank" Pave Bank completed a $39 million Series A financing round, with Tether and other investors participating;
- Other Web3 applications announced five investment and financing events, including prediction market Limitless, which announced the completion of a $10 million seed round of financing, led by 1confirmation;
- In addition, one listed company completed financing to establish a crypto treasury. Greenlane Holdings received $110 million in private equity financing to launch the Berachain fund management strategy.
- The DePIN track announced one investment and financing event. The decentralized communication and data infrastructure project Depinsim completed a strategic financing of US$8 million, led by Outlier Ventures.
DeFi
Turtle, an on-chain liquidity distribution protocol, announced an additional $5.5 million in funding, bringing its total raised to $11.7 million. This latest round of funding saw additional investment from Bitscale VC, Theia, and Trident Digital. Institutional investors included SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, and Wise3 Ventures, with support from the founders of Polygon, 1inch, Gnosis, and Altlayer.
Turtle, a liquidity distribution protocol, connects funds to protocols through a transparent, data-driven coordination layer that curates investment opportunities, aggregates liquidity, and distributes it to a growing network of partners.
AI
Bluwhale, an AI Web3 startup, announced the completion of a $10 million Series A funding round, backed by a global financial institution and L1/L2 blockchain companies. The lead investor in this round was UOB Venture Management, with participation from many existing investors, and new backers including PAID Network, Sublime Ventures, High Cosmos Capital, CMY Ventures, DataSpike, NewHeritage, and Amazon AI. Bluwhale is a decentralized intelligent network built on blockchain infrastructure for AI. Bluwhale's Token Generation Event (TGE) will take place on October 21, 2025, launching BLUAI, the native token of its decentralized AI network.
Me3, an AI-driven Web3 community verification platform, announced the completion of a new round of financing of US$3 million, with participation from Kakao Games, Outlier Ventures, Tokocrypto, Master Ventures, Maven Capital and Marshland. The company aims to use AI models to solve the problem of robots and fake users defrauding rewards on Web3 community platforms such as Discord. The new funds will also support its token issuance plan.
Infrastructure & Tools
YZi Labs leads $25 million strategic financing for Sign
YZi Labs led a $25.5 million strategic funding round for Sign, with participation from IDG Capital. Sign CEO Xin Yan stated that Sign is committed to building digital infrastructure and plans to use the funds to expand its technical team. The funds will also be used to expand various partnerships aimed at advancing sovereign blockchain infrastructure. In January of this year, Sign secured $16 million in funding from YZi Labs. Sign has raised over $55 million in funding across three rounds of seed, Series A, and strategic funding.
Stablecoin payment platform StraitsX announced the completion of a $10 million financing round, with participation from UQPAY and Japanese digital service provider NTT DOCOMO. The new funds will support its construction of a stablecoin infrastructure integrated with fiat currency payment networks and the Web3 ecosystem, and expand its regional business.
BitcoinOS Closes $10 Million Funding Round to Expand Institutional BTCFi Features
BitcoinOS has secured $10 million in funding to expand its institutional-grade Bitcoin financial tools and developer protocol. The round was led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund, and a group of angel investors including Anchorage Digital CEO Nathan McCauley and Spartan Group's Leeor Groen.
BitcoinOS plans to use the funds to expand its developer and institutional infrastructure, including Grail Pro, a BTC yield protocol currently in pilot with custodians. The project also supports trustless cross-chain bridging between other blockchain networks, including Ethereum and Cardano.
Stablecoin payment provider Cybrid completes $10 million Series A funding
Avinash Chidambaram, CEO of Cybrid, a stablecoin and fiat payment infrastructure company, has revealed that the company has raised $10 million in Series A funding.
Pieverse Closes US$7 Million Funding Round Led by Animoca Brands and UOB Ventures
Pieverse, a Web3 payments and compliance infrastructure startup, announced the completion of a $7 million strategic funding round. This round was co-led by Animoca Brands and UOB Ventures, with participation from 10K Ventures, Signum Capital, and Morningstar Ventures. Pieverse is developing a verifiable on-chain invoice, receipt, and check protocol through smart contracts and multi-chain compatibility, aiming to achieve transparent and compliant decentralized transactions. This funding will be used to expand the protocol, team, and multi-chain integration development. Pieverse is a member of the Binance MVB Season 9 project and is supported by the Binance ecosystem.
Web3 infrastructure provider Entry completes $1 million in Pre-Seed funding
Web3 infrastructure provider Entry announced the completion of a $1 million Pre-Seed funding round led by Modern Niagara, with participation from Qrecendo and Perrfin. The funding, which combines equity and Simple Agreement for Future Tokens (SAFT) elements, has a seed FDV of approximately $25 million, with a projected TGE of approximately $50 million. Entry is a compliance-native Web3 infrastructure that connects institutions and decentralized finance. By translating compliance into verifiable on-chain proofs, Entry allows institutions to onboard verified users, screen clean assets, and maintain a real-time audit trail. The network, powered by the ENT token, supports zero-knowledge computation, staking, and AI-powered compliance invocation.
TBook, a StableFi layer project serving the digital workforce, has received a strategic investment from the Sui Foundation, bringing its total funding to $5 million. This round also saw participation from HT Capital, KuCoin Ventures, Vista Labs, Bonfire Union, and founder angel investors from top Web3 projects. The funding will accelerate the rollout of TBook's infrastructure, including instant stablecoin payments, a real-world asset (RWA) distribution vault, and identity-linked settlement channels. TBook is described as a StableFi layer project purpose-built for the digital workforce. Its modular, cross-chain infrastructure combines verifiable credentials with stablecoins and RWA distribution, bringing programmable finance to billions of creators, freelancers, and AI agents.
APRO Announces Strategic Financing Led by YZi Labs through EASY Residency
APRO, a decentralized oracle network, announced the completion of a new round of strategic financing, led by YZi Labs through EASY Residency, with participation from Gate Labs, WAGMI Ventures, and TPC Ventures. The funds will be used to advance cross-chain data infrastructure, prediction markets, AI, and RWA (real-world asset) scenarios.
other
Prediction market Limitless completes $10 million seed round of financing, led by 1confirmation
Prediction market Limitless announced the completion of a $10 million seed funding round led by 1confirmation, with participation from Collider Ventures, DCG, Node Capital, Arrington Capital, Coinbase Ventures, F-Prime, Flyer One Ventures, and SID Venture Partners. Built on the Base blockchain, Limitless is the largest prediction market on the platform.
Nubila, a decentralized data infrastructure platform, announced the completion of an $8 million seed round, bringing its total funding to $10.5 million. The round was led by Blockspace Force and Quantum Holdings, with participation from IoTeX, Assemblyrs, Synharbour AI, and several top protocol founders. With the financing completed, Nubila will fully enter the prediction oracle market, committed to bringing more high-value real-world data onto the blockchain with higher accuracy and reliability. Nubila plans to leverage the value of data on platforms such as Polymarket and Kalshi, transforming verified real-world intelligence into on-chain predictive data units. It will provide trusted settlement oracle services for scenarios such as temperature thresholds, extreme events, and real-world data, connecting real-world signals with financial markets to enable transparent trading and hedging.
AI-powered Web3 dating platform METYA completes $6 million in strategic financing
METYA, an AI-powered Web3 dating platform, announced the completion of a $6 million strategic funding round led by Echo3 and Greenwood Global Capital. Metya is an AI-powered Web3 dating platform that combines social interaction with a token economy, enabling users to connect globally and earn financial benefits through engagement. METYA offers real-time communication, content creation, and data sharing, all powered by a decentralized social infrastructure.
Web3 education protocol Open Campus announced the completion of a $5 million strategic financing round, with participation from Animoca Brands, YZi Labs, Sequoia, Shima Capital, Polygon, Caladan, Kingsway Capital, and GameFi Ventures.
Open Campus stated that this funding will accelerate its development of a new financial and reputational layer for education. The project plans to provide on-chain student loans, credential verification, and payment services to millions of users worldwide. The Open Campus Foundation will use the funds to: purchase EDU tokens on the open market to support key price points; support on-chain student loans through Pencil Finance; and accelerate the launch of Open Campus ID, OC Wallet, and the EDU Chain mainnet.
Printr, the cross-chain Memecoin Launchpad platform, has raised $4.5 million in funding.
Printr, the first project incubated and supported by Bybit Venture Studio, has secured $4.5 million in funding as it prepares to officially launch its Chain Abstraction Token Launchpad platform. This funding came from a pre-seed round of funding backed by Axelar, Sui Foundation, Flow Blockchain, Draper Dragon, and Bitscale Capital, while an additional $2 million came from an extended seed round led by Mantle EcoFund, Mirana Ventures, L1D, Sfermion, Flowdesk, and prominent angel investors.
Printr is built on cross-chain communication protocols such as Axelar and LayerZero, enabling users to simultaneously issue Meme tokens on multiple blockchains, including Base, BNB Chain, Ethereum, Mantle, and Solana. The project aims to address liquidity fragmentation and help token creators access a diverse crypto ecosystem.
DAT
(Such transactions are not included in this issue’s weekly financing statistics)
Greenlane Holdings, Inc. (NASDAQ: GNLN) announced the pricing and signing of a private investment in public equity (PIPE) transaction led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5. The company intends to use the net proceeds from the transaction to implement its digital asset treasury strategy and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will serve as the company's primary treasury asset.
Centralized Finance
Pave Bank, a programmable bank built for the digital asset and AI era, has completed a $39 million Series A funding round led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, and Helios Digital Ventures. Pave Bank, which describes itself as a commercial bank, aims to serve clients with dual fiat and digital asset needs. The Georgia-licensed bank stated it will use the funds to "expand its regulatory coverage, accelerate product development, continue building its institutional-grade infrastructure, and expand its client reach across global markets."
Moon Inc. (HKEX: 1723) announced the completion of a funding round of approximately HK$65.5 million (approximately US$8.8 million) from a number of Bitcoin mining companies and investors in the form of new shares and convertible bonds. Moon Inc. plans to use the funds for pan-Asian expansion, initially in Thailand and South Korea, and to launch a prepaid card product supporting Bitcoin transactions. The company combines telecom prepaid card distribution channels with blockchain technology, allowing users to purchase, store, and transfer Bitcoin without complex wallet setup. Moon Inc. was previously controlled by Sora Ventures and UTXO Management and was named one of Hong Kong's "Top 10 Innovative Companies" by Capital Magazine.
(This financing is not included in the statistics of this issue's weekly financing report)
DePIN
Depinsim Completes US$8 Million in Strategic Financing, Ushering in an Era of Connection as Value
Depinsim, a decentralized communications and data infrastructure project, announced the completion of an $8 million strategic financing round led by Outlier Ventures and participated by several well-known institutions including DWF Labs.
Depinsim, based on eSIM technology, is committed to creating a free mobile internet protocol that allows users to derive value from connectivity. By integrating eSIM communications, data mining, and blockchain incentives, users can earn revenue by activating mining rigs, completing tasks, or using data. This revenue can be used to top up eSIM data or redeem a stablecoin PIN, achieving a closed value loop of "connection-revenue-reconnection." Depinsim is building a user-driven global connectivity economy, evolving communications networks from single services to a shared, value-added, decentralized system.
