Utila Raises $22M, Triples in Valuation as Stablecoin Infrastructure Demand Surges
Circle’s IPO and Stripe acquiring stablecoin startup Bridge were the “bitcoin ETF moments” for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
Fundraising
Deutsche Bank Invests in Blockchain Payment Network Partior
Deutsche Bank joined Partior’s Series B funding round as a strategic investor.
Partior raised a total of $80 million in the round.
Other investors in the blockchain-based clearing firm include JPMorgan, Jump Trading and Standard Chartered.
Ellipsis Labs Raises $21M to Launch ‘Verifiable Finance Blockchain’ Atlas
(Gerd Altmann/Pixabay)
Solana-Based Drift Raises $25M to Build ‘SuperApp’ for DeFi Trading
The DeFi platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market.
Sonic SVM, Gaming Project on Solana Blockchain, Plans $12.8M Node Sale
The project is taking advantage of an increasingly popular fundraising method known as “node sales” just months after a traditional $12 million fundraise.
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.
Fabric, Startup Building ‘VPU’ Chips for Cryptography, Raises $33M
Fabric Cryptography, a startup focused on hardware, has raised $33 million in a Series A fundraising round. (Creative Commons)
Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
The company plans to reach $16 million by the end of a second closing.
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
Ora, Aiming to ‘Unlock Design Space for AI Dapps,’ Raises $20M
The project, founded in 2022, says it aims to incorporate AI into decentralized applications with its “on-chain AI oracle.”