Stablecoin minting protocol M^0 completed a Series A financing round of $35 million, led by Bain Capital with participation from Galaxy Ventures, Wintermute Ventures, and GSR. Previously, M^0 raised $22.5 million in seed funding led by Pantera Capital in early 2023.
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Stablecoin minting protocol M^0 completes $35 million Series A financing, led by Bain Capital
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Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.
Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio. -
Lead Bank raises $70 million at a $1.47 billion valuation
Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base. -
Crypto trading platform OrangeX completes $20 million Series B funding
cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion. -
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On August 25th, BONK treasury company Safety Shot announced the completion of a $30 million financing round, led by FalconX. The transaction includes a direct issuance of approximately $5 million in cash and a simultaneous private placement of $25 million, paid in BONK tokens by BONK founding members. -
Commission-free trading platform Midas secures $80 million in funding at a valuation of nearly $1 billion
according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion after its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for funding for a Turkish financial technology company. This round of funding was led by QED Investors, with additional investors including the International Finance Corporation (IFC) and existing investors Spark Capital. With this, Midas' total funding has reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS, and is seen as the Turkish version of the "Robinhood" trading platform. -
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AI-native platform Sola completes $17.5 million Series A funding round, led by a16z
AI native platform Sola completed a $17.5 million Series A financing round, led by a16z. Sola uses AI robots to automate workflows. Their agents observe how users perform tasks on the screen and can automatically handle these tasks even in traditional tools without APIs or integrations. -
Web3 payment infrastructure company Transak completes $16 million in financing
Web3 payment infrastructure company Transak has announced the completion of a new round of financing of $16 million, led by IDG Capital and Tether, with Primal Capital, 1kx, Protein Capital, and Fuel Ventures participating. Transak plans to use this funding to expand its stablecoin payment stack and enter new markets. -
Crypto exchange Bit2Me secures €30 million in funding led by Tether Ventures
Tether, through its subsidiary Tether Ventures, led a 30 million euro financing for the Spanish cryptocurrency exchange Bit2Me, acquiring a minority stake. Bit2Me has been authorized by the Spanish securities regulator, becoming the first Spanish financial technology company to obtain an EU MiCA license, and plans to use this round of funding to expand its presence in the Latin American market, with a focus on expanding its business in Argentina. Existing shareholders include large Spanish institutions such as Telefónica, BBVA, and Unicaja. The specific shareholding ratio and valuation of the transaction were not disclosed. -
Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system
Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology.
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