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Investments

Huobi Launches Investment Arm With $100 Million Fund

  • Huobi Ventures will consolidate the company's existing investment vehicles into a single entity.
  • The new venture arm will deploy $100 million into early-stage DeFi protocols and $10 million into NFT projects in the next three years.

Hashdex Secures $26M From Coinbase, SoftBank

  • The funding round was led by Valor Capital, and was joined by the VC arm of Coinbase and SoftBank.
  • The fresh $26 million will help Hashdex expand abroad, and increase its team by as many as 75 members.

Paxos Closes $300M Series C Funding Round

  • The latest funding round was led by growth capital firm Oak, and saw participation from previous investors such as PayPal, Mithril Capital, WestCap, and others.
  • Now with valuation of $2.4 billion, Paxos will continue to commit to regulation, security, and compliance.

Deutsche Telekom Invests in Blockchain Network Celo

  • Deutsche Telekom will act as a validator on the Celo network through its subsidiary.
  • The company is the first telecoms provider to join the Celo Alliance.

ConsenSys Raises $65M From J.P. Morgan, Mastercard, Others

  • Financial services firm UBS, as well as blockchain-focused firms Protocol Labs, Maker Foundation and Alameda Research also participated in the funding round.
  • The funds will help the firm expand its enterprise blockchain solutions centered around DeFi and Web3.

MoneyLion Enables Crypto Access Via Strategic Investment in ZeroHash

  • The integration will enable its users to buy, sell, and earn cryptocurrencies.
  • MoneyLion is set to go public in the first half of 2021.

Crypto Wallet imToken Secures $30M in Series B Funding Round

  • The funds will help the firm accelerate the development of its 3.0 version, bringing DeFi to its 12 million users.
  • imToken has claimed to have more than $50 billion in assets on its platform, and to have exceeded $500 billion in total transaction value.

Dapper Labs Raises $305 Million From Celebrity Investors

  • The investment will be used to expand the Top Shot NFT platform to other leagues.
  • Dapper Labs could be valued around $2.6 billion after the funding round.

Ripple Acquires 40% Stake in Asian Cross-Border Payments Solution Tranglo

  • Malaysia-based Tranglo has processed over 20 million transactions totaling $4 billion in value.
  • The acquisition will enable Ripple to meet growing demand in Southeast Asia.

Chainalysis Raises $100M in Series D Funding Round

  • Led by Paradigm, the Series D funding round has brought the valuation of the firm to around $2 billion.
  • The funds will help the firm expand its product portfolio and enterprise data offering, as well as grow its engineering team.