The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are paying to bitcoin as an asset class. The most important events of recent weeks are in the ForkLog review.
The Securitize tokenization platform has raised $47 million from BlackRock
Securitize, a provider of security token issuance technologies, has closed a $47 million investment round led by asset manager BlackRock.
Securitize is excited to announce that we have completed a $47 million funding round led by @BlackRock together with @hamilton_lane, @paraficapital, @Tradeweb, and strategic investors @AptosLabs, @circle and @Paxos.
This further proves that the demand for tokenized real-world… pic.twitter.com/sRuNgEslVj
Hamilton Lane, Tradeweb Markets, ParaFi Capital, Aptos Labs, Circle and Paxos also participated in the round.
"At BlackRock, we believe that tokenization can lead to a significant transformation in the capital markets infrastructure. Our investment in Securitize is the next step in the development of a digital asset strategy," said Joseph Chalom, head of Strategic Ecosystem Partnerships at BlackRock, who will join Securitize's board of directors.In June 2021, the platform raised $48 million from Blockchain Capital and Morgan Stanley Tactical Value.
Fintech startup Midas raised $45 million
Turkish fintech startup Midas has closed a Series A funding round worth $45 million.
🎉 Midas’a 45 milyon dolarlık rekor yatırım!
Finansal teknolojiler alanında Türkiye’nin en büyük erken aşama Seri A yatırımını almanın mutluluğunu yaşıyoruz.
Bize ve gelecek planlarımıza inanan kullanıcı ve yatırımcılarımıza teşekkür ederiz.
🔗 https://t.co/nXuG4rXC5R pic.twitter.com/zmMDjRAESS
It was led by Portage Ventures with the participation of IFC, Spark Capital, Earlybird Digital East Fund and Revo Capital.
With the help of the platform, Turkish traders can invest in stocks and bonds in the US market. According to the press release, the user base of Midas is more than 2 million people.
The fintech startup will use the funds raised to expand throughout the Middle East and launch new products, including trading in digital assets.
Movement Labs studio raised $38 million
The Movement Labs studio, which is developing an Ethereum-based L2 solution, has closed a Series A funding round in the amount of $38 million.
gmove world.
Today we are thrilled to announce our $38M Series A led by @polychain pic.twitter.com/ZNe5XiMxAn
It was led by Polychain Capital with the participation of Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5 and Aptos Labs.
The funds raised will be used to expand the staff and develop an L2 solution in the Move programming language.
The company expects that the launch of the network will significantly increase bandwidth and eliminate some vulnerabilities in Ethereum smart contracts.
Aligned Layer Crypto Startup Raised $20 Million
Cryptocurrency startup Aligned Layer has closed a Series A funding round worth $20 million.
🟩 A Fully Aligned Round: $20M Series A Round🟩
Aligned Layer is pleased to announce a $20M fundraise led by Hack @hack_vc, with support from @daofive, @l2iterative, @NomadCapital_io, @FinalityCap, @symbolicvc, @theta_bv, @J17Crypto, @EVG_Ventures, @decimafund, GM Ventures,… pic.twitter.com/nL2ykP8tF6
It was led by Hack VC with the support of Everest Ventures, Symbolic Capital, Nomad Capital, Protagonist and other venture funds.
The funds raised will be used to expand the activities and accelerate the development of the main Aligned Layer network. The project is positioned as a "universal verification solution for Ethereum".
Infrastructure provider Turnkey raised $15 million
The infrastructure provider for cryptocurrency wallets, Turnkey, has closed a Series A funding round in the amount of $15 million.
We’re excited to announce that Turnkey has raised a $15m Series A, co-led by @FactionVC and @GalaxyHQ!
Turnkey is secure, scalable, and flexible wallet infrastructure. Our composable onchain primitives help developers build innovative products in crypto.https://t.co/pupcQ0eHZ4 pic.twitter.com/fnurupeMzG
It was led by Lightspeed Faction and Galaxy Ventures with the participation of Sequoia, Coinbase Ventures, Alchemy, Figment Capital, Mirana Ventures, Anagram, TrueBridge, Asymmetric, Variant and Gemini.
"Turnkey is a secure, fast and flexible wallet infrastructure at the simplest and most secure level. This is a set of tools that developers can use for any solutions related to the storage of crypto assets," said CEO of Turnkey Bryce Ferguson in a comment to CoinDesk.The project was founded by the developers of the Coinbase Custody custody service. The provider's main client is the Alchemy platform, which uses the infrastructure to promote its WaaS product.
The Shiba Inu team raised $12 million to develop the L3 network
The Shiba Inu meme cryptocurrency team has raised $12 million with the help of the yet-to-be-released TREAT token. This is reported by The Block.
Investments were provided by Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.
The funds raised will be used to develop a privacy-oriented third-level network (L3) based on Shibarium. TREAT will serve as both a governance and a utility token for it.
The name of the L3 network has not yet been disclosed in order to avoid fraud. The launch of the test network is scheduled for the third quarter of 2024.
Also on ForkLog:
Journalists learned about Pantera Capital's search for $1 billion for a new crypto fund.