Card Issuance Platform Rain Raises $250M, Fireblocks Acquires Tres Finance for $130M, Total 9 Projects【Fundraising Project Summary】
Weekly Funding Project Summary
Good morning.
I’m Mitsui, a web3 researcher.
Today’s topic is “Summary of the Fundraising Project for This Week.”
💥Top 5 Projects by Funding Amount
1、Rain
Overview：A blockchain-based card issuance and stablecoin interoperability platform designed for web3 teams, DAOs, and protocols. Enabling platforms to issue customizable, globally usable payment cards facilitates seamless digital asset payments and expense management.
Category：Payment、Stablecoin
Procurement amount：$250M
Investment round：Series C
Investor：★ICONIQ Capital、Sapphire Ventures、Dragonfly Capital、Bessemer Venture Partners、etc..
Overview：A global payment finance platform in Latin America specializing in tokenized credit card receivables from Brazil’s $750 billion payment market. Offers tokenized funds for institutional investors yielding 13-14%, backed by investment-grade Brazilian credit card receivables.
Category：RWA
Procurement amount：$200M
Investment round：TBD
Investor：Mars Capital Advisors
Overview：A cryptocurrency accounting and tax reporting platform specifically designed for Web3 companies. By collecting and aggregating digital asset data from various wallets and accounts, it streamlines accounting processes and enhances the monitoring, management, and automation of financial transactions for Web3 businesses.
Category：Finance
Procurement amount：$130M
Investment round：Mergers and Acquisitions
Investor：Fireblocks
4、Babylon
Overview：Bitcoin staking protocol to enhance the security of PoS networks and DApps. Bitcoin holders stake their assets to earn rewards while strengthening the security of PoS chains and DApps.
Category：DeFi
Procurement amount：$15M
Investment round：TBD
Investor：a16z crypto
Overview：HabitTrade provides access to U.S. stocks, Hong Kong stocks, ETFs, options, and cryptocurrencies through a single trading experience. Through gamification, automation, and social features, HabitTrade promotes disciplined trading.
Category：Finance
Procurement amount：$10M
Investment round：Series A
Investor：★Newborn Town、StableStock、Bright Venture Capital
✨Other projects: 4
ZenChain[$8.50M/TBD]A fully decentralized EVM-compatible Bitcoin Layer 1 blockchain. Leveraging Bitcoin’s security to enable scalable smart contracts and cross-chain interactions.
Stakin[TBD/M&A(The Tie)]A web3 infrastructure provider specializing in enterprise-grade blockchain staking and node operations. Enables institutional investors, funds, and token projects to securely stake digital assets, operate validators, and participate in network governance across multiple Proof-of-Stake blockchains.
River[TBD/TBD]We are building a chain-abstracted stablecoin system that integrates assets, liquidity, and yields across multiple blockchains. By leveraging the Omni-chain CDP-based stablecoin “satUSD,” users can collateralize assets on one chain and mint assets on another, enabling native yield, leverage, and scaling capabilities. Additionally, we provide fully reserved Bitcoin services including custody, instant transfers, and fee-free recurring purchases.
Ubyx[TBD/TBD]A global payment and settlement platform designed to enable stablecoins to function as universal digital cash. Banks, fintech firms, issuers, and retailers can accept, deposit, and redeem stablecoins at face value across multiple currencies and blockchains through existing financial infrastructure.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
Contact
The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
Telegram：@mitsui0x
*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.