- Investments in crypto startups on pace to reach $25 billion.
- This week saw raises in payments and wallet infrastructure.
Twenty-one crypto startups raised over $386 million this week, according to DefiLlama data.
That brings the total funding for crypto companies to over $16 billion so far in 2025, outpacing 2024’s total by over $6 billion.
Sixty-three industry players have raised nearly $2.5 billion in September alone.
And analysts suggest investment is far from slowing,
PitchBook predicts that the industry will raise $18 billion this year.
Investors from Galaxy Ventures and Codebase expect it to go even higher and that investors will plough over $25 billion into the industry in 2025.
Here are three of the biggest raises this week.
Fnality International, $136 million
Fnality, a UK-based operator of regulated blockchain settlement systems, has raised $136 million in a Series C round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with support from existing investors including Goldman Sachs, UBS, Nasdaq Ventures and Euroclear.
Launched in December 2023, Fnality’s Sterling Payment System enables real-time, central bank-backed settlement of tokenised assets.
The company now plans to extend its platform to other major currencies and offer solutions such as delivery-versus-payment for digital securities and on-demand FX payment-versus-payment.
“This investment accelerates our journey toward a financial market infrastructure that is more resilient, more inclusive, and ready for the hybrid future of global finance,” said Michelle Neal, CEO of Fnality International.
Zerohash, $104 million
Zerohash, a crypto infrastructure firm powering trading, stablecoin, and tokenisation services for banks and fintechs, has raised $104 million in a Series D funding round.
The raise was led by Interactive Brokers, with participation from Morgan Stanley, SoFi, Apollo, and other investors.
Founder and CEO Edward Woodford said the firm prioritised backing from “the largest, most trusted brands in the world” to act as a bridge between traditional finance and blockchain technology. Zerohash is now valued at $1 billion.
RedotPay, $47 million
RedotPay, a Hong Kong-based fintech offering stablecoin-powered payments, raised $47 million in a strategic funding round that brings Coinbase Ventures on board, alongside existing investors Galaxy Ventures and Vertex Ventures.
The company now joins the unicorn ranks with over 5 million users and $10 billion in annualised transaction volume just two years after its founding in April 2023.
RedotPay CEO Michael Gao said backing from Coinbase and others “validates the progress we’ve made and the confidence investors have in our vision.”
RedotPay’s products include stablecoin-linked cards, multi-currency wallets and a Global Payout feature enabling direct transfers to local bank accounts in over 100 markets.
You’re reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.
