Last week, there were 15 public fundraising events in the crypto market, raising a total of about $201 million Investment and Financing Weekly

Finishing: Luan Peng, RootData

According to incomplete statistics from RootData, from May 19 to May 25, 2025, a total of 15 public investment and financing events occurred in the blockchain and crypto industry, with a cumulative financing of about $201 million.

From the perspective of track distribution, the projects that have received financing are mainly distributed in the infrastructure and DeFi tracks. Popular projects include Canadian stablecoin issuer Stablecorp, Web3 game developer Voya Games , Bitcoin project Roxom Global , and stablecoin native cryptocurrency exchange TrueX.

In addition, Bitcoin liquid staking protocol Rover announced the closing of a $4.1 million seed round with participation from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom, and others.

(List of projects that raised more than $5 million last week, data source: Rootdata).

1. Infrastructure

Canadian stablecoin issuer Stablecorp closed a $1.8 million funding round with participation from Coinbase Ventures and others

Canadian stablecoin issuer Stablecorp has closed a $1.8 million funding round from investors including Coinbase Ventures and Side Door Ventures, Betakit reported. The funds will be used to expand the infrastructure of the Canadian dollar stablecoin QCAD, including the establishment of on-chain FX liquidity and payment channel integration.

The company announced that it will carry out QCAD's structural reforms in parallel, including the establishment of a separate trust, the QCAD Digital Currency Trust, to manage reserve assets, and the implementation of daily market capitalisation reports, monthly proofs of reserves, and annual audits. QCAD is currently a joint venture between crypto asset manager 3iQ and blockchain developer Mavennet Systems, and received C$1.9 million in funding from Circle Ventures and others in 2022.

2. AI

Worldcoin's parent company, World, has closed a $135 million funding round through the sale of WLD tokens for global expansion

According to official information, World Assets, a subsidiary of the World Foundation, a party involved in the Worldcoin project, announced on May 21 that it had raised $135 million to support the expansion of the World network in the United States and around the world through the sale of WLD tokens to Andreessen Horowitz and Bain Capital Crypto at market prices.

Previously disclosed investors also include Selini Capital, Mirana Ventures and Arctic Digital.

UBI Network closed a seed round of funding led by LF Labs to advance the construction of AI × DePIN infrastructure

UBI Network recently announced the closing of a seed round led by early-stage technology investor LF Labs. This round of financing will be used for global node deployment, AI edge device expansion, credit market mechanism optimisation, and ecological cooperation expansion to further promote the development of its network infrastructure.

Headquartered in New York, UBI Network is committed to building an innovative architecture that combines AI edge computing with DePIN (Decentralized Physical Infrastructure Network) to support the exploration of universal basic income (UBI) models in the digital age. Users can participate in AI tasks and computing power sharing through plug-and-play devices, and receive points incentives in real time, forming a closed-loop economic system.

"The combination of AI and DePIN has long-term application potential, and UBI Network has shown a strong forward-looking approach in terms of technology path and product implementation, which is in line with our investment logic of 'real landing'," said LF Labs. "

3. Games

Web3 game developer Voya Games has closed a $5 million funding round led by 1kx and Makers Fund

Web3 game developer Voya Games closed a $5 million funding round led by 1kx and Makers Fund with participation from RockawayX and angel investors including Sky Mavis co-founder Jeff 'Jihoz' Zirlin and The Sandbox COO Sébastien Borget, according to Venturebeat.

The funds raised will be used to support the development of Craft World, a casual Web3 game. Craft World is a casual resource management game where players team up with friendly dinosaurs to rebuild civilisation after a meteorite destroys humanity. The game is currently in the testnet phase.

4. DeFi

Bitcoin project Roxom Global has closed a $17.9 million funding round with participation from Borderless Capital and others

The Bitcoin project Roxom Global is building a BTC-denominated exchange and RoxomTV, a 24/7 media network entirely dedicated to the development of Bitcoin.

Draper Associates, Borderless Capital, ego death, and Kingsway Capital are reported to have invested $7.9 million in their exchanges and raised $10 million for RoxomTV in a private funding round.

Rover, a liquid Bitcoin staking protocol, closed a $4.1 million seed round with participation from Animoca Ventures and others

According to The Block, Bitcoin liquid staking protocol Rover announced the closing of a $4.1 million seed round with participation from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom, and others.

Rover is developing a flagship liquid staking solution for Bitcoin holders on Botanix, the first fully decentralised Bitcoin blockchain. Rover also received a strategic investment from UTXO, an early-stage Bitcoin venture capital fund.

5. Miscellaneous

Catena Labs, a Circle Innovation, closed an $18 million seed round led by a16z

Catena Labs, an AI-native finance startup founded by Circle co-founder Sean Neville, has closed an $18 million seed round led by Andreessen Horowitz's crypto division, Breyer Capital, Circle Ventures, Coinbase Ventures, and American football player Tom, Fortune reported Brady participated.

Catena Labs plans to create an "AI-native bank". Investors will receive equity as well as token subscription rights for unissued cryptocurrencies. Sean Neville said the company has no plans to issue cryptocurrencies or stablecoins at this time.

Catena Labs has developed an open-source protocol for AI payments and identification. The company will integrate but not be limited to stablecoin technology, and is committed to updating the existing financial infrastructure to adapt to future financial transaction scenarios dominated by AI agents.

TrueX, the native cryptocurrency exchange for stablecoins, closed an $11 million Series A funding round led by Accomplice and RRE Ventures

Stablecoin native cryptocurrency exchange TrueX announced the completion of an $11 million Series A funding round led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant and payments giant PayPal, the new funds are intended to be used to support external custodians such as Paxos Custody for asset protection, and TrueX currently uses PayPal stablecoin PYUSD as its preferred trading token. Paxos provides third-party escrow services to users of TrueX and expects its services to be opened up initially to U.S. agencies and some international agencies in certain regions.

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