According to incomplete statistics from Odaily Planet Daily, from September 22 to 28, 2025, a total of 16 financing events were disclosed in the global blockchain field, a significant increase from 9 in the previous week. The total financing amount reached US$443 million, a significant increase from US$54.6 million in the previous week. Centralized entities are still the main force in financing.

The largest single financing round this week was completed by blockchain startup Fnality, which completed a $136 million Series C financing round, followed by crypto infrastructure startup Zerohash, which completed a $104 million Series D financing round.

The following are specific financing events (Note: 1. Sorted by the size of the announced amount; 2. * indicates companies in "traditional" fields whose businesses partially involve blockchain):

Blockchain startup Fnality completes $136 million Series C funding round, with participation from WisdomTree and others

On September 23, blockchain startup Fnality announced the completion of a $136 million Series C funding round, with participation from WisdomTree, Bank of America, Citigroup, KBC Group, Temasek, and Tradeweb. The funding will expand its global settlement network for banks and tokenized assets. The company operates a wholesale payment system regulated by central banks and launched the Sterling Fnality Payment System (£FnPS) in December 2023. Fnality's system allows banks to settle transactions with digital assets backed 1:1 by Bank of England funds, providing real-time payment support for tokenized bonds, stocks, and repurchase agreements.

Crypto startup Zerohash raises $104 million from investors including Morgan Stanley, SoFi, and Apollo

On September 23, crypto infrastructure startup Zerohash completed a $104 million Series D financing round with a valuation of $1 billion. This round of financing was led by Interactive Brokers and participated by Morgan Stanley, SoFi, Apollo and others.

Founded in 2017, Zerohash provides banks and fintech companies with the ability to offer blockchain-based products in three main areas: crypto trading, stablecoins, and tokenization. The new funds are intended to expand into these three main areas.

Coinbase's credit card partner Cardless completes $60 million in funding, led by Spark Capital

On September 22nd, Cardless, a startup specializing in co-branded credit cards, secured $60 million in funding led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC. The new capital will be used to expand functionality and develop projects with prominent brand clients, with some funding earmarked for partnerships with Coinbase Global Inc. and Bilt Rewards. In June of this year, Cardless launched its embedded credit card platform, which Coinbase leveraged to develop and issue the "Coinbase One Card."

Stablecoin payment company RedotPay completes $47 million in financing, led by Coinbase Ventures

On September 25th, stablecoin payment company RedotPay completed a $47 million strategic funding round, pushing its valuation past $1 billion and officially becoming a fintech unicorn. The round was led by Coinbase Ventures, with continued support from Galaxy Ventures and Vertex Ventures, as well as participation from an undisclosed global tech entrepreneur.

Circuit&Chisel, founded by former Stripe crypto chief, raises $19.2 million

On September 22nd, Louis Amira, former Head of Crypto and AI Partnerships at Stripe, and David Noël-Romas, former Head of Crypto Engineering at Stripe, secured $19.2 million in funding for their new startup, Circuit & Chisel, to develop the AI-powered payment protocol ATXP. In addition to its Stripe background (and financial backing), Circuit & Chisel also received investment from Primary Venture Partners, ParaFi, and Coinbase Ventures.

Stablecoin startup Bastion completes $14.6 million in funding, led by Coinbase

On September 24, the stablecoin startup Bastion announced that it had completed a $14.6 million financing round, led by Coinbase, with participation from the venture capital arm of Japanese technology giant Sony, the venture capital arm of South Korean mobile phone manufacturer Samsung, the cryptocurrency arm of venture capital firm Andreessen Horowitz, and cryptocurrency venture capital firm Hashed.

Solana Infrastructure Project Raiku Secures $13.5 Million in Funding

On September 24, blockchain startup Raiku announced the completion of a $13.5 million seed and pre-seed round of financing. The seed round was led by Pantera Capital, with participation from Jump Crypto, Lightspeed Faction and other institutions. The pre-seed round was led by Figment Capital and Big Brain Holdings, with participation from Reciprocal Ventures and Anagram.

Tokenized securities infrastructure company Synthesys completes $11 million in seed and strategic funding

On September 23, Singapore's tokenized securities infrastructure Synthesys (formerly known as Equitize) announced that it had raised US$11 million in seed and strategic rounds of financing, led by angel investor Mark Pui. The company currently provides a general modular, interoperable liquidity layer for tokenized securities. The new funds are intended to be used for expansion in the Asia-Pacific and Middle East markets, enabling financial institutions to embed compliant tokenized funds directly into smart contracts on digital ledgers.

Solana's perpetual contract DEX BULK completes $8 million seed round, led by Robot Ventures and others

On September 24th, BULK, a perpetual contract DEX for the Solana ecosystem, announced on the X platform that it had secured $8 million in seed funding. Sixth Man Ventures and Robot Ventures led the round, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko. BULK aims to address issues such as surging priority fees and network congestion by integrating its execution layer directly into Solana's validator stack. The company expects to launch a testnet in the coming weeks, with plans for a mainnet launch in Q4.

Cloudburst Completes $7 Million Series A Funding, Led by Borderless Capital

On September 23, blockchain analytics company Cloudburst announced the completion of a $7 million Series A funding round led by Borderless Capital, with participation from strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel.

Belfort, a cryptographic computing development company, has secured $6 million in seed funding led by Vsquared Ventures.

On September 24, Belfort, a cryptographic computing development company, announced the completion of a $6 million seed round of financing, led by Vsquared Ventures, with participation from Anagram, Protocol VC, Inovia Capital, Syndicate One, Prototype, Credibly Neutral, and Google Chief Scientist Jeff Dean and Naval Ravikant. The company supports data processing in encrypted form and can be applied to blockchain, finance, healthcare, government operations and other fields.

Crypto finance startup Shield completes $5 million seed round of financing, led by Giant Ventures

On September 22, Shield, a crypto-finance startup backed by a16z, announced the completion of a $5 million seed round of financing, led by Giant Ventures, with participation from Chris Dixon’s a16z crypto startup accelerator Factor Capital, as well as Coinbase and Bank of America. The company’s total financing to date has reached $7 million.

Social trading app Share completes $5 million in funding, with participation from Coinbase Ventures and others

On September 26th, the social trading app Share announced the completion of a $5 million funding round from investors including Coinbase Ventures, Collaborative+Currency, and Palm Tree Crypto. Launched by Scott Gray, founder of Genie, the app supports Solana, Base, and Ethereum, providing on-chain transaction dynamics, wallet tracking, market information, and token trading. Each wallet automatically generates a Share profile, allowing users to link multiple wallets and Farcaster accounts.

Stablecorp Completes $3.6 Million in Strategic Round of Funding Led by FTP Ventures

On September 24, Stablecorp, a provider of bank-grade digital asset infrastructure, announced the completion of a strategic round of financing of approximately US$3.6 million (C$5 million), led by FTP Ventures and participated by existing shareholders and new investors. The company had previously received investment from Coinbase Ventures. The new funds will be used to expand its related digital currency infrastructure, including supporting its digital currency QCAD, which is fully backed 1:1 by Canadian dollar reserves.

Prediction market Melee completes $3.5 million in financing, with participation from Variant and others

On September 25, prediction market Melee announced the completion of a $3.5 million financing round, with participation from Variant, DBA, and a group of angel investors. The company reportedly draws on successful cases such as Polymarket to allow users to create prediction markets on any topic. Its core mechanism achieves decentralized pricing by rewarding early accurate traders, which is different from the traditional model that relies on professional market makers.

Decentralized automated market maker SegaSwap completes seed round of financing, led by Sonic SVM and 10K Ventures

On September 23rd, SegaSwap, a decentralized automated market maker built on Solana and Sonic SVM, completed its seed funding round led by Sonic SVM and 10K Ventures, valuing the platform at $10 million. SegaSwap is a decentralized protocol designed to support fast transactions, permissionless pool creation, and innovative yield opportunities.