TLDR:
- Securitize raised $47 million in funding, led by BlackRock.
- Other companies such as Agora, Moso, Hinkal, and X10 also secured funds from various investors.
In the latest round of venture capital funding, cryptocurrency companies have amassed nearly $62 million from investors. Securitize, a key player in digital asset securities, received the lion’s share of funding with $47 million raised. The funding round was led by BlackRock, the world’s largest asset manager, and included other strategic investors such as Hamilton Lane, Paraficapital, and Tradeweb. As part of the agreement, BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, joined Securitize’s board of directors. The funding coincided with the launch of BlackRock’s first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund.
Other notable funding rounds included Agora, a cross-chain governance platform, which secured $5 million in seed funding from investors such as Haun Ventures and Coinbase Ventures. Moso, a Los Angeles-based shop-to-earn platform, closed a $2 million seed funding round to enhance its operations. X10, a hybrid crypto exchange launched by former Revolut employees, raised $6.5 million in funding. Lastly, Hinkal, a San Francisco-based privacy layer for decentralized finance transactions, secured $1.4 million in funding led by the SALT Fund. These funding rounds indicate a growing interest in the cryptocurrency and blockchain space among investors.
