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The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as
The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as an asset class. The most important events of the last weeks are in the ForkLog review.
Positioning itself as a CeDeFi exchange based on the BNB Chain, Unizen has agreed to raise $200 million from Global Emerging Markets (GEM) to develop the ecosystem.
GEM will fund in the form of “capital commitments”: Unizen will receive part of the funding immediately after undisclosed benchmarks are met.
The platform focuses on attracting both retail and institutional investors by searching and collecting orders at the best prices on centralized and decentralized exchanges.
Unizen will use the funds received to expand its team and product line and accelerate the implementation of the trade consolidation system.
Institutional-focused cryptocurrency platform FalconX has raised $150 million in a Series D funding round, raising the company’s valuation to $8 billion.
The round was led by GIC and B Capital, with contributions from Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management.
The company noted that despite the volatility in the markets, the first quarter of 2022 was the most successful period in terms of attracting new customers. FalconX believes this is due to the demand for brokerage services from a wide variety of corporate entities.
Solana-based non-tradable token marketplace Magic Eden has raised $130 million in a Series B funding round.
Led by Electric Capital and Greylock Partners, with participation from Lightspeed Venture Partners, Paradigm and Sequoia Capital. Investors valued the project at $1.6 billion.
The funds raised will be used to develop the NFT P2P marketplace and the Launchpad platform that helps publish coin collections. The developers also plan to support other blockchains in addition to Solana.
The project team consists of approximately 100 people. The company plans to expand its staff by approximately 50% in the next 6-12 months.
Fintech and digital asset infrastructure provider Prime Trust has raised $107 million in a Series B funding round.
Investors include FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, Gaingels, GateCap Ventures, Seven Peaks Ventures and others.
The funds raised will be used to support existing solutions and develop new solutions, including DeFi and Web3 products, as well as to launch the Prime Trust Crypto IRA, which will allow customers to invest their retirement funds in crypto assets.
Crypto infrastructure company PolySign has raised $53 million in a Series C funding round. Fundraising began in the first quarter of 2022 and ended in early June.
Investors included hedge fund Brevan Howard Asset Management, Cowen Digital, the cryptocurrency division of investment bank Cowen, and market-making trading firm GSR.
In addition to equity financing, PolySign has secured a $25 million loan from private equity firm Boathouse Capital.
The funds raised are used to acquire the manager of the MG Stover crypto fund and expand PolySign’s custody and custody business.
Crypto market data provider Kaiko has closed its $53 million Series B funding round.
It was led by Eight Roads with input from Revaia and existing investors Alven, Point9, Anthemis and Underscore.
Kaiko acquired risk optimization solutions provider Kesitys last year to expand its product offering, and also agreed with CoinShares to acquire Napoleon Index to launch crypto indices.
In February 2022, the firm received SOC-2 Type-1 accreditation, confirming a high level of data security and privacy management, as well as necessary controls.
Kaiko CEO Ambre Subirana noted the record interest of institutional investors in the company’s services. The firm offers market data, portfolio solutions, interest rate, index, DeFi market information, pricing services and research.
NFT gaming platform Cryptoys has raised $23 million in its Series A funding round.
It was led by venture capital firm Andreessen Horowitz (a16z), with participation from Dapper Labs, Draper & Associates, CoinFund, Animoca Brands, Sound Ventures and other investors.
Cryptoys uses the funds raised to create an NFT-based game universe and release an animated series. In the near future, the team plans to introduce three characters from the series.
ScienceMagic.Studios, a Web3 application consulting firm, has raised $10.3 million in pre-seed investment.
The tour included Coinbase Ventures, Digital Currency Group, and billionaire Alan Howard.
ScienceMagic.Studios specializes in using NFTs and social markers to enhance engagement with audiences. The company is led by David Pemsel, former CEO of Guardian Media Group, and also includes macro investors Raul Paul and Delphi Digital.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
