Between September 1 and September 6, 2025, Incrypted’s editorial team recorded 27 investment rounds. Of these, 18 disclosed details of financial injections, raising $665.5 million. Among them, there are classic venture deals, as well as deals to raise capital by issuing securities and mergers, and accelerators.

Classic Venture Rounds

During the mentioned period, 15 projects received funding from investment companies. In particular, these are:

• $40 mln — Etherealize. The startup, founded in January 2025, raised funds to develop Ethereum-based products and services aimed at traditional financial companies. The round was led by venture capital funds Electric Capital and Paradigm, with participation from the Ethereum Foundation and Ethereum co-founder Vitalik Buterin, who previously provided the project with a grant.

• $22 mln — Utila. The developers of a self-storage cryptocurrency wallet and API announced that they have received capital. Red Dot Capital Partners, Digital Currency Group (DCG), Wing Venture Capital, Funfair Ventures, Nyca Partners and Cerca Partners provided the financial infusion as part of an expanded Series A round. The team did not disclose where the funds will go.

• $18 mln — Kite AI. The company, which develops decentralized infrastructure for artificial intelligence, announced a capital raise. The Series A round was led by venture capital fund PayPal Ventures. 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Avalanche Foundation, LayerZero, Animoca Brands and others also participated. The project is building its own L1 blockchain on top of the Avalanche network to enable autonomous AI agents.

• $15 mln — Everlyn. A decentralized open source project developing a fundamental model of artificial intelligence has recorded a financial infusion. In an undisclosed round, MH Ventures, Selini Capital, Mysten Labs, Aethir, Nesa and io.net provided additional capital. The funds will be used for further product development and team expansion.

• $15 mln — Aria. The Story blockchain-based protocol that provides tokenization and intellectual property equity has attracted investment. Polychain Capital, Neoclassic Capital and Story Protocol participated in the seed round. The capital will be used to create new onchain marketplaces.

• $11.6 mln — Tangany. The German custodial bank reported receiving the funds. The Series A round was led by Heliad AG, Elevator Ventures and Baader Bank. High-Tech Grunderfonds and Nauta Capital also participated. The company did not disclose the capital target.

• $10 mln — Obita. The fintech company, which offers a blockchain-based payment network, recorded the receipt of investment in an undisclosed round. The financial infusion was provided by Hashkey Capital, Mirana Ventures, Web3.com Ventures, Vision Plus Capital and Legend Capital. The funds will be used for system R&D, compliance infrastructure development, and global market penetration.

• $8 mln — MECCA. The developers of a platform that integrates shopping, gaming and payment services into a single ecosystem using the MEA token announced a capital raise. Gemhead Capital, Alpha Capital and BD Ventures participated in the strategic round.

• $7.1 mln — Plural. The investor yield and liquidity platform reported raising capital. The seed round was led by Paradigm with participation from Maven 11 Capital, Volt Capital, Volt Capital and Neoclassic Capital. The team did not specify where it would allocate the funds provided to it.

• $7 mln — Kea. The fintech company recorded a financial infusion as part of an expanded seed round. The capital was provided by businessman and investor Mark Carnegie. The funds will be used to scale the underlying banking infrastructure supporting cryptocurrencies, the developers noted.

• $3.75 mln — Reflect. DeFi blockchain platform Solana closed its seed round. It was led by a16z, with CSX Solana Ventures, Big Brain Holdings, Colosseum, and Equilibrium also providing funding. The capital will accelerate short-term growth and adoption of revenue-generating stablecoins in the onchain finance space.

• $3.6 mln — Cross ENF. The South Korean financial services provider raised investment through a Series A round. The funds were provided by KB Investment. They will be used to create a superapp that combines overseas remittances and online trading.

• $2 mln — Gigaverse. The developers of the role-playing onchain game recorded investment in an undisclosed round. Its only participant was the company 1confirmation. The team did not disclose the purpose of the capital.

• $2 mln — Maiga.ai. The decentralized AI agent-focused platform reported a financial infusion. The strategic round was led by Amber Group, IBC Ventures, Chainlink, Red Beard Ventures and tbv. The capital allows developers to continue working on new products.

• $350,000 — LVT Protocol. The DeFi platform team announced the receipt of funds in an angel round. Ten investors provided capital to develop a revenue-generating leveraged solution.

Several other projects have raised funding but did not disclose details.

Network Pharos received investment from Yunfeng Financial. The team did not disclose the amount that came in during the strategic round. The capital will be used to use blockchain technology to explore the possibilities of tokenizing real assets.

Cicada Capital has made a financial injection into Sonic Labs. The funds are aimed at supporting the high-performance infrastructure that the firm is developing.

An undisclosed round allowed the team at EchoX, a company that offers end-to-end digital solutions, to receive investment. The capital was provided by entrepreneur Adam Black. The investment will enable the firm to continue its expansion into various markets.

Artificial intelligence-based asset network Aspecta recorded an infusion of funds in a strategic round. These infusions were made by the firm OKX Ventures. Project officials said they aim to accelerate the adoption of an open economy framework.

The Series A round also provided additional capital to the developers of Pointsville, a platform for managing digital assets and loyalty programs. Valor, with participation from Capital Group Tether, SNZ Holding, and Superscrypt, led the infusion. In addition, several business angels provided funds.

Token Sales

There were no compted token sales recorded this week. To learn more about current and upcoming token sales, keep an eye on the relevant section on our website for updates. We also maintain a dedicated Telegram channel.

Corporate Placements and Deals

The following institutional investors announced this week that they raised capital by issuing securities and/or other financial products:

• $110 mln — Tron inc announced an increase in its TRX token reserve. The company received an additional over 312 million TRX. The coins came from Bravemorning Limited, the largest shareholder of Tron Inc.

• $40 mln — SonicStrategy. A public company that acts as a bridge between traditional finance and Sonic’s blockchain ecosystem announced that it has received a Post-IPO investment commitment.

Mergers and Acquisitions

On September 3, 2025, the AlloyX project announced a merger with Solowin Holdings. The deal is valued at $350 million. As part of the agreement, Solowin will integrate AlloyX’s technologies into its structure, including a platform for stablecoins applications and real-world asset (RWA) tokenization tools.

On September 4, RedStone announced the acquisition of DeFi lending firm Credora. According to the project representatives, they intend to do for decentralized markets what S&P does for traditional markets.

The American exchange Kraken reported the purchase of the Breakout project. The acquisition will expand the platform’s product line for its users. The amount of the deal was not disclosed.

Accelerators, Grants and DAO Funding

On September 1, the developers of Encifher, a project focused on creating privacy software for Solana’s DeFi applications, announced that they had been accepted into the Alliance DAO accelerator program. The team did not disclose details.

On Sept. 4, Tempo’s L1 blockchain team announced the launch of an incubation program under the auspices of Stripe and Paradigm. The project is creating a network for cost-effective payments between institutional players including Visa, Deutsche Bank and OpenAI.

Most Active Investors

Counterparties such as Paradigm, Neoclassic Capital and HashKey Capital were the most frequently invested in this week, according to CryptoRank.

What Was the Focus This Week?

Projects from blockchain services, blockchain infrastructure, CeFi, DeFi, GameFi and other sectors received funding between September 1 and September 6, 2025.

As a reminder, in August, the amount of funds raised in the sector amounted to $7.24 billion. Follow Incrypted to stay up to date with changes in investor sentiment and major players in the market.