According to incomplete statistics from Odaily Planet Daily, there were 8 blockchain-related financing events announced worldwide between May 5 and May 11, with a total disclosed financing amount of approximately US$113 million.
The leader of this round of financing is Doppel, a digital risk management and protection platform, followed closely by Sentora, a new company formed after the merger of IntoTheBlock and Trident Digital . After integrating resources, the company will focus its strategic focus on the RWA (real world assets) sector.
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain ):
On May 6, digital risk management and protection platform Doppel announced the completion of a $35 million Series B financing round, led by Bessemer, with participation from a16z Crypto, 9 Yards Capital, SOZO VENTURES, Strategic Cyber Ventures, South Park Commons, Script Capital, etc. It is reported that Doppel is an AI-driven digital risk protection platform designed to protect organizations from social engineering threats such as phishing, impersonation, and deep fake fraud. The new funds will be used to support the construction of a digital protection infrastructure that combines generative AI with expert manual analysis.
On May 6, IntoTheBlock and Trident Digital announced their merger to form a new company, Sentora, which aims to bring institutional investors into the on-chain world. The new company is led by Anthony DeMartino, co-founder of Trident and former head of risk strategy at Coinbase. At the same time, Sentora completed $25 million in new financing, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC and Joint Effects, and strategic ecosystem investors such as Curved Ventures, Flare and Bankai Ventures also providing support.
Web3 consumer rewards platform T-Rex completes $17 million in financing
On May 9, Web3 consumer entertainment protocol T-Rex completed a $17 million Pre-Seed round of financing, with investors including Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindful Venture Capital, Hypersphere, SNZ and Arche Fund. T-Rex is committed to incentivizing online content consumers through cryptocurrency rewards. The platform plans to launch a browser plug-in this summer, using zero-knowledge transport layer security technology (zkTLS) to achieve privacy data verification between Web2 and Web3 platforms.
On May 7, digital asset infrastructure platform Fuze announced the completion of a $12.2 million Series A financing round, led by Galaxy, with participation from ecapital and Further Ventures. Fuzes current white label solution enables organizations to easily offer digital assets such as stablecoins, cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets. The new funds will enable it to expand its corporate customer base and service scope in the Middle East and North Africa.
Sonic Labs Completes $10 Million Strategic Financing, Led by Galaxy
On May 8, according to official news, Sonic Labs announced the completion of a $10 million strategic financing of S tokens, led by Galaxy. This cooperation will accelerate Sonic Labs expansion in the US market and provide key support for the development of its DeFi ecosystem.
Michael Kong, CEO of Sonic Labs, said that Galaxy’s participation will bring important market insights and resources to the ecosystem. This cooperation also reflects the confidence of institutions in blockchain technology to transform financial infrastructure.
DogeOS completes $6.9 million in financing, led by Polychain Capital
On May 6, DogeOS, the application development layer of the Dogecoin ecosystem, announced the completion of a $6.9 million financing led by Polychain Capital. The project aims to build an application development layer on the Dogecoin blockchain, support a variety of consumer applications from games to artificial intelligence, and enhance the Dogecoin ecosystem and its decentralized financial services. DogeOS plans to promote the practical application of DOGE and promote the integration of community and on-chain innovation by providing operating system-level development tools.
On May 8, digital asset trading infrastructure GoQuant announced the completion of a $4 million seed round of financing, led by GSR, with participation from Copper.co, Lombard Odie, Capital Union Bank, TYR Capital and FRNT Financial. The new funds are intended to support its construction of smart order routing to cover CEX, DEX and OTC transactions, and accelerate the growth of the global institutional market.
On May 8, tokenized digital real estate platform Alt DRX announced the completion of a $2.7 million Series A financing round, with participation from Brand Capital, Hindustan Media Ventures (HMVL), QDBQA, ZEE, We Founder Circle and nX Capital. The new funds will be used to support its construction of a blockchain-driven digital real estate exchange that will enable users to invest in and trade tokenized residential properties. The company is currently working with IFSCA and the Qatar Financial Center to promote the platform to operate in regulatory sandboxes such as the Digital Asset Lab.
