Funding
Revolut reached a $75 billion valuation after a secondary share sale led by Coatue, NVIDIA and Fidelity, the London-based fintech said Monday. The deal reflects strong investor appetite for established fintechs with crypto offerings and provides liquidity to early shareholders.
Kraken said it raised $800 million in a funding round valuing the exchange at $20 billion, signaling strong investor appetite for crypto infrastructure. The deal, announced Tuesday, positions Kraken to accelerate growth and compliance efforts.
Thinking Machines Lab, the AI startup founded by ex-OpenAI executive Mira Murati, is reportedly in early talks to raise a funding round at about a $50 billion valuation, Bloomberg said Thursday. The company and valuation are still unconfirmed as talks continue.
Ethereum-native DeFi protocol Lighter has closed a $68M round that values the company at $1.5B after going live in October; an earlier $21M round was led by Haun Ventures. The raise positions Lighter (ticker HYPE) as a direct challenger to Hyperliquid as competition in derivatives and liquidity products heats up.
Ripple closed a $500 million strategic funding round that values the company at $40 billion, led by Fortress and Citadel Securities. The capital bolsters Ripple’s corporate runway but leaves XRP’s price dynamics and utility still uncertain amid regulatory and market risks.
Zerohash secured $104 million in funding led by Interactive Brokers, reaching a $1 billion valuation. Backed by major players like Morgan Stanley and Apollo Global, Zerohash is a leader in crypto and stablecoin infrastructure, fueling growth in financial institutions' crypto services.
Plasma blockchain, designed specifically for stablecoins, is launching its Mainnet Beta on September 25, 2025. With a native token XPL, over $2 billion liquidity, and zero-fee USDT transfers, it aims to revolutionize stablecoin transactions. Backed by $24 million in funding, Plasma offers fast, composable transactions through its PlasmaBFT architecture.