Crypto Industry Discloses Approximately $409 Million in Funding for the Week

Odaily reports: From November 7 to 13, 2026, the crypto industry disclosed a total of 9 funding rounds, amounting to approximately $409 million, including corporate funding commitments and two public token sales; another 4 announcements did not disclose amounts or only reported cumulative funding. Project Faro secured approximately $270 million in funding commitments from institutions including Goldman Sachs, Citi, Santander, and Deutsche Bank to cover five years of operating costs; the project is being advanced by a consortium of 21 institutions, plans to establish an issuer in the United States, and intends to launch a U.S. dollar stablecoin in the first half of 2027, followed by a euro token. This funding is a corporate commitment, and full disbursement has not yet been announced. Index Industries completed a $50 million seed round led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, and Wintermute Ventures. The project was founded by former Polychain President Josh Rosenthal and Longmark CEO Brian Hardecker, and its business is to provide tokenization infrastructure for U.S. daily home price indices and housing-linked products. Alta completed a $47.5 million Series A round led by Index Ventures, bringing its cumulative funding to $80 million. These three funding rounds together accounted for nearly 90% of the total disclosed funding for the week.