[New Fundraising] Fun Raises $72 Million in Series A Funding, Led by Multicoin Capital and SignalFire

Fun is a blockchain software development company building cross-chain wallet infrastructure in partnership with the Odsy Network. This empowers developers with the foundational components for new wallet APIs and protocols, providing their customers with seamless and whimsical experiences. Fun's infrastructure helps to eliminate the risks associated with centralized custodians when accessing cross-chain assets and core Web 2.0 functions in Web3.

More about Fun: https://www.rootdata.com/projects/detail/Fun?k=NDc1Mg%3D%3D

Source:https://fortune.com/2026/05/01/fun-series-a-fundraise-multicoin-capital-signalfire/

[New M&A] SOL Strategies Acquires Houdini Swap for $18 Million

Houdini Swap is a cross-chain service platform that protects sender anonymity by hiding the wallet address. Its system dynamically compares encryption pair rates and aims to find the lowest cost path for users.

More about Houdini Swap:
https://www.rootdata.com/projects/detail/Houdini%20Swap?k=MTEyMDg%3D

Source：
https://www.theblock.co/post/399844/sol-strategies-buy-houdini

[New Fundraising]SC Ventures made a strategic investment in GSR, becoming its first external shareholder.

GSR is a global crypto market maker since 2013. They specialize in providing liquidity, risk management strategies, programmatic execution and structured products to sophisticated global investors in the digital assets industry.

More about GSR：
https://www.rootdata.com/projects/detail/GSR?k=NDA3OQ%3D%3D

Source:
https://www.theblock.co/post/399950/sc-ventures-first-external-shareholder-gsr-strategic-investment

[New Fundraising]Coinbase has invested a seven-figure sum in Centrifuge and designated it as a core partner for Base tokenization

Centrifuge is an open decentralized infrastructure for on-chain asset management and real-world asset (RWA) tokenization. The platform enables asset managers to tokenize institutional-grade assets—such as credit, real estate, and treasuries—into freely transferable tokens for use across DeFi ecosystems. Its core components include a compliant framework for asset origination, Anemoy (a full-service asset management arm for fund structuring), and Proof-of-Index infrastructure for tokenizing structured financial products like S&P 500 index funds.

More about Centrifuge： 
https://www.rootdata.com/projects/detail/Centrifuge?k=Mjg2

Source: 
https://www.theblock.co/post/399963/coinbase-figure-investment-centrifuge-base-main-tokenization-partner

[New Fundraising] Stockcoin has closed its Seed round, led by Ambergroup, with participation from crypto & traditional finance angels.

Stockcoin.ai is an AI-native trading platform, providing convenient access to US tokenized stocks and stock-linked perpetual contracts, with features such as fast registration, exchange-grade liquidity, and market depth.

More about Stockcoin：
https://www.rootdata.com/projects/detail/Stockcoin?k=MTkxODI%3D

Source:
https://x.com/stockcoinai/status/2051960383284330880?s=20

[New Fundraising] OpenTrade Secures $17 Million in Strategic Funding Led by Mercury Fund and Notion Capital

OpenTrade provides Web3 treasurers access to on-chain structured financial products backed by investment-grade, real-world financial assets. It sources short-term, investment-grade RWAs through a global network of financial institutions, asset managers, and B2B networks and structures them into yield-bearing, on-chain financial products.

More about OpenTrade： 
https://www.rootdata.com/projects/detail/OpenTrade?k=NjgxMQ%3D%3D

Source: 
https://www.theblock.co/post/400187/opentrade-raises-17m-to-expand-stablecoin-yield-infrastructure-after-topping-200m-tvl

[New M&A]Kraken acquires Reap for $600 million

Reap is a Web3 Payment Infrastructure that helps users manage their fiat finances. Centred around a secured corporate credit card, Reap removes the merchant acceptance barrier for B2B expenses and enables projects to streamline their expense management processes.

More about Reap： 
https://www.rootdata.com/projects/detail/Reap?k=NDU4Nw%3D%3D

Source: 
https://www.bloomberg.com/news/articles/2026-05-07/kraken-parent-to-buy-reap-for-600-million-in-asian-expansion

[New Fundraising] Saturn has completed a $2 million seed round led by The Spartan Group, with participation from Anchorage Digital and Susquehanna Crypto.

Saturn Labs is a stablecoin yield protocol that aims to build a 10% + yield stablecoin USDat powered by MicroStrategy's STRC, a transparent and institutionally trusted Bitcoin credit instrument.

More about Saturn：
https://www.rootdata.com/projects/detail/Saturn?k=MjI3NDY%3D

Source:
https://x.com/saturn_credit/status/2052410386813681984?s=20

[New Fundraising] Antier Solutions Raises $3 Million in Funding Led by GVFL

Antier Solutions is an Indian blockchain and Web3 development company focused on providing full-stack blockchain solutions to enterprises, including services such as crypto exchanges (CEX/DEX/white label/hybrid/derivatives), DeFi, NFT markets, Prediction Marketplaces, asset tokenization, Metaverse, AI integration, smart contract development, and Market Making Services.

More about Antier Solutions： 
https://www.rootdata.com/projects/detail/Antier?k=MzYxNw%3D%3D

Source: 
https://www.prnewswire.com/news-releases/gvfl-leads-3m-investment-in-antier-solutions-to-scale-enterprise-blockchain-infrastructure-302767080.html

[New M&A] MoonPay Acquires AI Research Firm Dawn Labs to Launch Trading Agent Dawn CLI

Dawn is an AI trading agent designed for prediction markets that converts users’ ideas into executable code.

More about Dawn Labs: https://www.rootdata.com/projects/detail/Dawn?k=MTc1Nzg%3D

Source: https://www.prnewswire.com/news-releases/moonpay-acquires-dawn-labs-launches-ai-trading-agent-dawn-cli-302768220.html

[New Fundraising] Coincheck Secures $65 Million Strategic Investment from KDDI

Coincheck is a crypto asset exchange in Japan with over 1.6 million verified accounts.

More about Coincheck： 
https://www.rootdata.com/projects/detail/Coincheck?k=MzkwOA%3D%3D

Source: 
https://www.businesswire.com/news/home/20260512231455/en/Coincheck-Group-Announces-Partnership-With-KDDI-Corporation-to-Expand-Access-to-Digital-Assets

[New Fundraising] Charms Raises $1.5 Million in Pre-Seed Funding, with Coinbase Ventures Among Investors

Charms is an Alive Assets platform that aims to deeply integrate AI characters with the on-chain economy, turning emotional connections into live assets that can be owned and traded.

More about Charms： 
https://www.rootdata.com/projects/detail/Charms?k=MjMyMDA%3D

Source: 
https://decrypt.co/367543/charms-raises-1-5m-pre-seed-to-bring-the-ai-character-economy-onchain

[New Fundraising] Genius Group Makes a $5 Million Strategic Investment in Jewel Bank

Jewel Bank is the institutional banking platform for the global digital asset economy. It provides core banking infrastructure to the world's leading exchanges, institutional investors, and payments platforms. Jewel standardizes key banking functions, such as digital asset banking, payments, fiat on/off ramps, custody, crypto-collateralized lending, stablecoin issuance, and real-time settlement services. This brings stability, consistency, and reliability to the digital asset ecosystem.

More about Jewel Bank： 
https://www.rootdata.com/projects/detail/Jewel%20Bank?k=NDE2NQ%3D%3D

Source: 
https://www.globenewswire.com/news-release/2026/05/12/3292869/0/en/genius-group-launches-new-digital-banking-and-stablecoin-initiative-designed-to-complement-ai-powered-education-platform.html

[New Fundraising] Elliptic Raises $120 Million at a $670 Million Valuation, Led by One Peak Partners

Elliptic enables financial institutions and cryptocurrency businesses to manage risk on the blockchain by using technology-enabled crypto AML compliance.

More about Elliptic： 
https://www.rootdata.com/projects/detail/Elliptic?k=MzY1NA%3D%3D

Source: 
https://www.bloomberg.com/news/articles/2026-05-12/deutsche-bank-nasdaq-back-crypto-firm-elliptic-in-120-million-round

[New Fundraising] Osero Raises $13.5 Million in Funding Led by Sky Ecosystem

Osero is a stablecoin yield infrastructure project incubated by the Sky Ecosystem (formerly MakerDAO).

More about Osero： 
https://www.rootdata.com/projects/detail/Osero?k=MjQ1MDU%3D

Source: 
https://www.theblock.co/post/400948/sky-ecosystem-stablewatch-stablecoin-yield-startup-osero-funding

[New M&A] Movement Acquires Canopy

Canopy is a DeFi platform on Movement that uses a dynamically balanced dual-token ecosystem of $LEAF and $OAK, and also allows users to provide liquidity with single asset deposits.

More about Canopy： 
https://www.rootdata.com/projects/detail/Canopy?k=MTUwMzM%3D

Source: 
https://www.movementnetwork.xyz/article/movement-acquires-canopy-bringing-vault-infrastructure-in-house

[New Fundraising] Fasset Completes $51 Million Series B Funding Round, with SBI Among Investors

Fasset is a global digital asset exchange that provides people in emerging markets with access to the digital asset space.

More about Fasset： 
https://www.rootdata.com/projects/detail/Fasset?k=Mzg4Mw%3D%3D

Source: 
https://www.coindesk.com/business/2026/05/14/stablecoin-powered-neobank-fasset-raises-usd51-million-to-expand-across-emerging-markets

[New Fundraising] Turnkey Completes $12.5 Million Strategic Funding Round, with Circle Ventures Among the Investors

Turnkey is a purpose-built secure private key infrastructure for crypto developers. It enables developers to use simple APIs to dynamically generate thousands of wallets and to sign tens of thousands of transactions across any chain. Flexible, programmable permissions ensure that developers only sign what they want.

More about Turnkey： 
https://www.rootdata.com/projects/detail/Turnkey?k=NzQwMQ%3D%3D

Source: 
https://www.coindesk.com/business/2026/05/06/turnkey-raises-usd12-5-million-in-round-backed-by-circle-ventures-and-sequoia-capital

[New Fundraising] Onramp Raises $12.5 Million in Series A Funding, Led by Early Riders

Onramp is a bitcoin asset management platform that offers multi-institutional custody solutions for individuals and institutions seeking secure and efficient bitcoin ownership. With a powerhouse advisory team and a commitment to bitcoin education, Onramp is dedicated to helping clients navigate the complexities of bitcoin ownership while maximizing security and minimizing counterparty risk. Onramp was designed from the ground up for HNWI, Family Offices, Investment Funds, Corporations, and Institutions that want best-in-class custody without any tradeoffs.

More about Onramp： 
https://www.rootdata.com/projects/detail/Onramp?k=OTgxNw%3D%3D

Source: 
https://www.axios.com/pro/fintech-deals/2026/05/14/onramp-bitcoin-custody-series-a

[New Fundraising] Gemini announces $100 million strategic investment from Winklevoss.

Gemini is a digital asset exchange and custodial services company that enables users to buy, sell, and store cryptocurrencies.

More about Gemini：
https://www.rootdata.com/projects/detail/Gemini?k=MzkwNg%3D%3D

Source:
https://www.bloomberg.com/news/articles/2026-05-14/winklevosses-invest-100-million-in-battered-gemini-exchange

[New M&A]General Tensor completes its acquisition of Backprop Finance

Backprop Finance is the all-in-one trading hub for Bittensor. Support by Tensorplex Labs.

More about Backprop Finance:
https://www.rootdata.com/projects/detail/Backprop%20Finance?k=MTYyNzA%3D

Source：
https://markets.businessinsider.com/news/stocks/general-tensor-acquires-backprop-finance-assembling-the-financial-infrastructure-for-decentralized-ai-1036156031