Financing Weekly Report | 10 public financing events, sports prediction market Novig completes $75 million Series B financing, led by Pantera Capital.

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7 hours ago

This Issue Highlights

According to incomplete statistics from PANews, last week (2.16-2.22), there were 10 investment and financing events globally in the blockchain sector, with a total funding scale exceeding $143 million. An overview is as follows:

  • In DeFi, there was 1 investment and financing event announced, with the on-chain derivatives protocol MYX completing strategic financing led by Consensys;
  • In the Web3+AI track, 1 investment and financing event was announced, with Unicity Labs completing a $3 million seed round financing led by Blockchange Ventures;
  • In Infrastructure & Tools, 3 investment and financing events were reported, including digital wallet infrastructure Kresus Labs completing $13 million in financing;
  • In the Prediction Market track, 3 investment and financing events were announced, including the sports prediction market Novig completing $75 million in Series B financing led by Pantera Capital;
  • In Centralized Finance, 2 investment and financing events were announced, with Stake completing $31 million in Series B financing, led by Emirates NBD;

DeFi

MYX Completes Strategic Financing Led by Consensys

The on-chain derivatives protocol MYX has completed strategic financing led by Consensys, with Consensys Mesh and Systemic Ventures also participating, laying the foundation for the launch of MYX V2. After this financing round, Consensys officially becomes the largest investor in MYX, and these funds will support the deployment of MYX's modular derivatives settlement engine.

AI

Unicity Labs Completes $3 Million Seed Round Financing, Led by Blockchange Ventures

The autonomous internet protocol development company Unicity Labs announced it has completed $3 million in seed round financing, led by Blockchange Ventures, with participation from Middle Eastern communication application Tawasal and early-stage Web3 investment firm Outlier Ventures. The company plans to use the new funding to build a peer-to-peer encrypted architecture that enables autonomous AI agents to discover services, verify trading partners, and execute transactions at machine speed without intermediaries or shared ledgers.

Saudi Arabia's Humain Invests $3 Billion in xAI

Saudi Arabian-backed AI company Humain has invested $3 billion in Elon Musk's AI startup xAI. The statement noted that Humain has become a "significant minority shareholder" in xAI through this investment, which occurred just before Musk's space exploration company SpaceX acquired xAI. The shares owned by Humain will be converted into shares of SpaceX. This investment solidifies the ties between Musk and Humain. The company was established last year with the goal of making Saudi Arabia a powerhouse in AI. The two companies plan to develop a 500-megawatt data center in Saudi Arabia.

(This financing event is not included in this week's report statistics)

AI Agent Startup Temporal Completes $300 Million Series D Financing, Led by a16z

AI agent startup Temporal announced completion of a $300 million Series D financing, with a company valuation of $5 billion, led by a16z, with participation from Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital. According to the company, this round of financing is not "to chase a hot moment in AI," but rather to build a platform to tackle common reliability challenges faced by AI agents in complex, long-running processes, with users including OpenAI and companies like Snap, Netflix, and JPMorgan Chase.

(This financing event is not included in this week's report statistics)

Infrastructure & Tools

Digital Wallet Infrastructure Kresus Labs Completes $13 Million Financing

Digital wallet infrastructure Kresus Labs announced completion of $13 million (approximately 18 billion KRW) in financing, with participation from Hanwha Investment & Securities. The new funds will be used to expand its enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platform, and on-chain financial workflows, as well as to develop digital asset tools for consumers and institutions, including wallet recovery technology and multi-party computation (MPC) based security systems.

Monark Markets Completes $8 Million Strategic Financing, Led by F-Prime

Embedded API infrastructure Monark Markets announced completion of $8 million in strategic financing, led by F-Prime, with participation from Commerce Ventures, Grit Capital Partners, and BBAE Holdings. The company’s API infrastructure supports fintech platforms such as Apex Fintech Solutions and Altruist Financial, allowing private market investments to be directly embedded into existing client accounts, driving increased investment demand for key economic growth engines in private markets, including AI and blockchain.

Stablecoin Settlement Company Ubyx Receives Investment from Arab Bank's Accelerator AB Xelerate

The fintech accelerator AB Xelerate, under the large international bank Arab Bank headquartered in Amman, Jordan, announced an investment in the stablecoin settlement company Ubyx, with specific amounts not disclosed. The new funds will support Ubyx's development of a shared network that enables regulated financial institutions to issue, accept, and redeem digital currency at par value across multiple blockchains and jurisdictions, while operating within established regulatory and compliance frameworks. Previously, Ubyx was acquired by banking giant Barclays, which plans to explore the development of "tokenized currency."

Centralized Finance

Stake Completes $31 Million Series B Financing, Led by Emirates NBD

The digital asset real estate investment platform Stake raised $31 million in its Series B financing. The round was led by Emirates NBD, with participation from Mubadala Investment Company, Middle East Venture Partners (MEVP), Property Finder, STC NICE, Wa'ed Ventures, GFH Partners, and Ellington Properties.

This funding will be used to invest in AI, tokenization, and new product development. The company's total seed round financing was $5 million; total financing before Series A was $8 million; total Series A financing was $14 million; the current Series B financing has raised $31 million, making a total of $58 million.

Fintech Company Newity Raises $11 Million, Aiming to Blockchain Small Business Loans

Fintech company Newity, focused on facilitating small business loans, raised $11 million in a strategic financing round, exploring the transfer of these loans to the blockchain. The financing was led by CMT Digital, a subsidiary of CMT Group, with participation from private and institutional investors. This round is Newity's first financing, commencing at the end of 2024 and concluding in December 2025. This financing employs a Simple Agreement for Future Equity (SAFE) structure, but the valuation of Newity hasn't been publicly disclosed, nor has it been indicated whether any investors received board or advisory seats.

Prediction Market

Sports Prediction Market Novig Completes $75 Million Series B Financing, Led by Pantera Capital

Focused on sports events, the prediction market platform Novig announced completion of $75 million in Series B financing, led by Pantera Capital, with a post-financing valuation of $500 million. Novig co-founder Jacob Fortinsky stated that the company was established in 2021 to create a consumer-friendly platform for modern sports bettors, with its core advantage being its peer-to-peer trading model. Novig is currently applying for a license from the U.S. Commodity Futures Trading Commission, with completion expected within six months. Fortinsky emphasized that, unlike platforms like Kalshi and Polymarket, Novig's product design and branding revolve around sports events, making it more suitable for ordinary sports fans' usage habits.

Sports Prediction Trading Platform PRED Completes $2.5 Million Seed Round Financing, Led by Accel

Sports prediction trading platform PRED has completed $2.5 million in seed round financing led by Accel, with other participants including the Base Ecosystem Fund (BEF) under Coinbase Ventures and Reverie. PRED is built on Base and claims execution speeds of only 200 milliseconds, bringing it closer to standards of financial exchanges than any service offered in traditional sports betting. PRED is currently in internal testing and employs an invitation-only registration process.

Kalshi Receives Strategic Investment from Tradeweb, Which Will Acquire a Minority Stake

The electronic trading platform Tradeweb Markets announced a strategic investment in prediction market operator Kalshi and will acquire a minority stake. The specific investment amount and ownership percentage have not yet been disclosed. Both parties will integrate event-driven market data and explore a new infrastructure for trading event contracts through Tradeweb's electronic platform. Tradeweb stated it would integrate Kalshi's real-time event probability data into its rate and credit trading platform, including user interfaces, APIs, and data download tools, allowing institutional clients to directly reference prediction market probabilities within existing macro trading processes.

DAT

Tharimmune Officially Renamed Canton Strategic and Completes $55 Million Financing Transaction

The Nasdaq-listed Canton holding company Tharimmune announced it has officially changed its name to Canton Strategic Holdings and updated its stock code to "CNTN," making it the first U.S.-listed company supported by the Canton Foundation. Additionally, the company disclosed that a previously announced transaction to raise $55 million through stock registration has been officially completed, aimed at continuing to expand and develop its Canton Coin-centered digital asset fund management strategy.

Ethereum Holding Company Republic Technologies Announces Private Placement Financing of $3 Million

The Canada-listed Ethereum holding company Republic Technologies announced it will privately issue up to 14,087,000 special warrants at a price of $0.21 each, with total fundraising amounting to $3 million. The company previously disclosed holding approximately 1,570.6 ETH, with an average acquisition price of $2,700, and its current holding market value is approximately $3.2 million.

Venture Capital Institutions

Dragonfly Completes Fourth Fundraise, Reaching $650 Million

Crypto VC Dragonfly has completed its fourth fundraise, reaching $650 million. Dragonfly managing partner Haseeb stated that this fourth fund is their largest investment to date, and they believe the cryptocurrency revolution is still in its early stage of exponential growth. He added, "Agent payments, on-chain privacy, the tokenization of everything -- the landscape of cryptocurrency is about to explode, and we want to support the founders leading the way."

Crypto Investment Firm DBA Raises $68 Million for Second Venture Fund

New York crypto investment firm DBA has raised $68 million for its second venture fund. Previously, the firm raised $50 million for its first fund in 2023. DBA was co-founded by former co-head of investments at Galaxy Digital, Michael Jordan, and well-known Ethereum commentator Jon Charbonneau, and has invested in underlying infrastructure like DoubleZero and Monad, stablecoin application Payy, ICO financing platform MetaDAO, and Bitcoin scaling solutions.

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