Funding Weekly Report | 18 Public Funding Events, YZi Labs Leads $25 Million Strategic Investment in Sign

Top Highlights

According to incomplete statistics from PANews, last week (October 20–October 26), there were 18 blockchain investment and financing events globally, with a total funding amount exceeding $162 million; additionally, listed companies’ crypto asset reserves financing totaled over $110 million. The overview is as follows:

• DeFi announced 1 investment and financing event, with on-chain liquidity distribution protocol Turtle completing $5.5 million in new financing, with participation from GSR and others;
• Web3+AI track announced 2 investment and financing events, including AI Web3 startup Bluwhale completing $10 million in Series A funding, with UOB Venture Management participating;
• Infrastructure & Tools announced 8 investment and financing events, including YZi Labs leading a $25.5 million strategic financing for Sign;
• Centralized Finance announced 1 investment and financing event, with “programmable bank” Pave Bank completing $39 million in Series A funding, with Tether and others participating;
• Other Web3 applications announced 5 investment and financing events, including prediction market Limitless completing $10 million seed funding, led by 1confirmation;
• Furthermore, 1 listed company completed financing to establish a crypto treasury, Greenlane Holdings secured $110 million in private placement financing to initiate Berachain fund management strategy;
• DePIN track announced 1 investment and financing event, decentralized communication and data infrastructure project Depinsim completed $8 million in strategic financing, led by Outlier Ventures.

DeFi

On-chain liquidity distribution protocol Turtle completes $5.5 million in new financing, with GSR and others participating

On-chain liquidity distribution protocol Turtle announced an additional $5.5 million in financing, bringing its total funding to $11.7 million. The latest round saw additional investments from Bitscale VC, Theia, Trident Digital, with institutional investors including SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, Wise3 Ventures, among others, supported by Polygon, 1inch, Gnosis, and Altlayer project founders.

According to reports, Turtle leverages a transparent, data-driven coordination layer that connects funds with protocols. This layer can select investment opportunities, integrate liquidity, and distribute it across an expanding network of partners.

AI

AI Web3 startup Bluwhale completes $10 million Series A funding, with UOB Venture Management and others participating

AI Web3 startup Bluwhale announced the completion of $10 million in Series A funding, supported by a global financial institution and Layer 1/Layer 2 blockchain companies. The main investor is UOB Venture Management, with many existing investors participating, and new supporters including PAID Network, Sublime Ventures, High Cosmos Capital, CMY Ventures, DataSpike, NewHeritage, and Amazon AI executives. Bluwhale is a decentralized intelligent network built on blockchain infrastructure that develops AI. Its token generation event (TGE) will occur on October 21, 2025, launching its native token BLUAI for the decentralized AI network.

Web3 community verification platform Me3 completes $3 million funding, with Outlier Ventures and others participating

AI-driven Web3 community verification platform Me3 announced the completion of $3 million in new funding, with Kakao Games, Outlier Ventures, Tokocrypto, Master Ventures, Maven Capital, and Marshland participating. The company aims to use AI models to address issues of bots and fake users claiming rewards on Web3 community platforms like Discord. The new funds will also support its token issuance plans.

Infrastructure & Tools

YZi Labs leads $25.5 million strategic financing for Sign

YZi Labs led a $25.5 million strategic financing for Sign, with IDG Capital also participating. Sign CEO Xin Yan stated that Sign is committed to building digital infrastructure and plans to use the funds to expand its tech team. The funds will also be used to develop partnerships aimed at advancing sovereign blockchain infrastructure. In January, Sign received $16 million from YZi Labs. Sign has raised over $55 million across seed, Series A, and strategic rounds.

Stablecoin payment platform StraitsX completes $10 million financing, with NTT DOCOMO and others participating

Stablecoin payment platform StraitsX announced the completion of $10 million in financing, with UQPAY and Japanese digital service provider NTT DOCOMO participating. The new funds will support its development of stablecoin infrastructure integrated with fiat payment networks and Web3 ecosystems, as well as expanding its regional operations.

BitcoinOS completes $10 million financing to expand institutional BTCFi features

BitcoinOS completed $10 million in funding to expand its institutional-grade Bitcoin financial tools and developer protocols. The round was led by Greenfield Capital, with FalconX, DNA Fund, Bitcoin Frontier Fund, and angel investors including Anchorage Digital CEO Nathan McCauley and Leeor Groen of Spartan Group participating.

BitcoinOS plans to use this capital to grow its developer and institutional infrastructure, including pilot projects with custody providers for the BTC yield protocol Grail Pro. The project also supports trustless cross-chain bridging between Ethereum, Cardano, and other blockchains.

Stablecoin payment provider Cybrid completes $10 million Series A

Cybrid, a stablecoin and fiat payment infrastructure company, CEO Avinash Chidambaram revealed that the company has raised $10 million in Series A funding.

Pieverse completes $7 million funding, led by Animoca Brands and UOB Ventures

Web3 payment and compliance infrastructure startup Pieverse announced the completion of $7 million in strategic financing, led by Animoca Brands and UOB Ventures, with participation from 10K Ventures, Signum Capital, Morningstar Ventures, and others. Pieverse focuses on developing verifiable on-chain invoices, receipts, and check protocols using smart contracts and multi-chain compatibility, aiming to enable transparent and compliant decentralized trading. The funding will support protocol expansion, team growth, and multi-chain integration. Pieverse is a member of Binance MVB Season 9 and supported by the Binance ecosystem.

Web3 infrastructure provider Entry completes $1 million Pre-Seed funding

Web3 infrastructure provider Entry announced the completion of $1 million Pre-Seed funding, led by Modern Niagara, with Qrecendo and Perrfin participating. The financing combines equity and Simple Agreement for Future Tokens (SAFT), with a seed FDV of approximately $25 million and a TGE estimated at around $50 million. Entry is a compliance-native Web3 infrastructure connecting institutions and DeFi. By converting compliance into verifiable on-chain proofs, Entry enables institutions to onboard verified users, filter clean assets, and maintain real-time audit trails. The network is supported by the ENT token, enabling zero-knowledge computation, staking, and AI compliance calls.

StableFi layer project TBook receives strategic investment from Sui Foundation, raising total funding to $5 million

StableFi layer project TBook, serving digital labor, received strategic investment from the Sui Foundation, bringing total funding to $5 million. The round also attracted HT Capital, KuCoin Ventures, Vista Labs, Bonfire Union, and founders from top Web3 projects. The funds will accelerate TBook’s infrastructure deployment, including instant stablecoin payments, real-world asset (RWA) vaults, and identity-linked settlement channels. TBook is a modular, cross-chain StableFi layer designed for digital labor, combining verifiable credentials with stablecoins and RWA distribution to serve billions of creators, freelancers, and AI agents with programmable finance.

APRO announces strategic financing led by YZi Labs through EASY Residency

Decentralized oracle network APRO announced a new strategic round led by YZi Labs via EASY Residency, with Gate Labs, WAGMI Venture, and TPC Ventures participating. The funds will be used to develop cross-chain data infrastructure, prediction markets, AI, and RWA (real-world assets) scenarios.

Others

Prediction market Limitless completes $10 million seed funding, led by 1confirmation

Prediction market Limitless announced the completion of $10 million seed funding, led by 1confirmation, with Collider Ventures, DCG, Node Capital, Arrington Capital, Coinbase Ventures, F-Prime, Flyer One Ventures, and SID Venture Partners participating. Limitless is built on Base and is the largest prediction market on Base.

Nubila completes $8 million seed round, announces full entry into prediction oracle track

Decentralized data infrastructure Nubila announced the completion of $8 million in seed funding, totaling $10.5 million. Led by Blockspace Force and Quantum Holdings, with participation from IoTeX, Assemblyers, Synharbour AI, and top protocol founders. Nubila aims to fully enter the prediction oracle track, focusing on bringing high-value real-world data on-chain with higher accuracy and trustworthiness. Future plans include leveraging data on platforms like Polymarket and Kalshi, transforming verified real-world intelligence into on-chain prediction data units for scenarios like temperature thresholds, extreme events, and real-world signals, providing trusted settlement oracle services, connecting real-world signals with financial markets for transparent trading and hedging.

AI-driven Web3 dating platform METYA completes $6 million strategic financing

AI-powered Web3 dating platform METYA announced $6 million in strategic financing, led by Echo3 and Greenwood Global Capital. METYA combines social interaction with token economics, enabling users worldwide to connect and earn economic benefits through participation. It offers real-time communication, content creation, and data sharing, all supported by decentralized social infrastructure.

Web3 education protocol Open Campus completes $5 million strategic financing, with Animoca Brands, YZi Labs, and others participating

Open Campus, a Web3 education protocol, announced $5 million in strategic financing, with participation from Animoca Brands, YZi Labs, Sequoia, Shima Capital, Polygon, Caladan, Kingsway Capital, and GameFi Ventures. The funding will accelerate its new financial and reputation layer for education, aiming to provide student loans, certificate verification, and on-chain payment services for millions globally. The Open Campus Foundation will use the funds to buy EDU tokens to support key price points, support on-chain student loans via Pencil Finance, and accelerate the launch of Open Campus ID, OC Wallet, and EDU mainnet.

Cross-chain Meme coin launchpad platform Printr raises $4.5 million

Supported by Bybit Venture Studio, Printr, the first project, has raised $4.5 million, preparing to launch its cross-chain token launchpad platform. The pre-seed round raised $2.5 million from Axelar, Sui Foundation, Flow blockchain, Draper Dragon, and Bitscale Capital, while an additional $2 million was raised in a seed extension from Mantle EcoFund, Mirana Ventures, L1D, Sfermion, Flowdesk, and prominent angels.

Printr is built on cross-chain communication protocols like Axelar and LayerZero, enabling users to issue MEME tokens simultaneously on multiple blockchains such as Base, BNB Chain, Ethereum, Mantle, and Solana. The project aims to solve liquidity fragmentation and help token creators access diverse crypto ecosystems.

DAT

(These transactions are not included in this week’s financing report)

Public company Greenlane Holdings raises $110 million private placement to fund Berachain asset management strategy

Greenlane Holdings, Inc. (NASDAQ: GNLN) announced the pricing and signing of a private investment in public equity (PIPE) transaction. Led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and others, the company plans to use the proceeds to implement digital asset fund management strategies and acquire the native cryptocurrency BERA of Berachain. BERA will become the company’s primary reserve asset.

Centralized Finance

“Programmable bank” Pave Bank completes $39 million Series A funding, with Tether and others participating

Pave Bank, a programmable bank for digital assets and AI era, completed $39 million in Series A funding, led by Accel, with Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, and others participating. Pave Bank positions itself as a commercial bank offering services for clients with both fiat and digital asset needs. Licensed in Georgia, the bank plans to use the funds to expand regulatory coverage, accelerate product development, continue building institutional infrastructure, and grow its global customer base.

Hong Kong-listed Moon raises $8.8 million, becomes the first Hong Kong company to issue Bitcoin prepaid cards

Hong Kong-listed Moon Inc. (HKEX: 1723) announced the completion of approximately HKD 65.5 million (about $8.8 million) in financing, supported by several Bitcoin mining companies and investors through new shares and convertible bonds. Moon plans to use the funds for Pan-Asia expansion, starting with Thailand and South Korea, and to launch Bitcoin-supporting prepaid card products. Combining telecom prepaid channels with blockchain technology, users can buy, store, and transfer Bitcoin without complex wallets. Moon Inc. has previously been backed by Sora Ventures and UTXO Management and was named one of Hong Kong’s Top 10 Innovative Companies by Capital Magazine.

(This financing is not included in this week’s financing report)

DePIN

Depinsim completes $8 million strategic financing, initiating the connected-value era

Decentralized communication and data infrastructure project Depinsim announced the completion of $8 million in strategic financing, led by Outlier Ventures, with participation from DWF Labs and other prominent institutions.

Based on eSIM technology, Depinsim aims to create a Free Mobile Internet Protocol that derives value from connectivity. By integrating eSIM communication, data mining, and blockchain incentives, users can earn rewards by activating mining devices, completing tasks, or using traffic, which can be used for eSIM data recharge or exchanged for stablecoins PIN, forming a value loop of “connect—earn—reconnect.” Depinsim is building a user-driven global connectivity economy, transforming communication networks from single-service providers into shareable, value-enhancing decentralized systems.