From December 1 to 6, 2025, the digital asset market recorded 41 investment deals. Of these, 20 projects publicly disclosed the sizes of their rounds, attracting a total of over $224 million. The most activity was shown by funds focused on DeFi, Web3 infrastructure, and solutions with artificial intelligence integration.
According to industry analysts, institutional participants are increasing investments in projects related to asset tokenization (RWA), interchain protocols, and decentralized liquidity.
Key investments of the week
Leaders in capital raised
The largest round of the week was the round of Gonka — $50 million. The project is developing a decentralized network of computing power for AI based on GPU H100. Funding was provided by Bitfury as part of their new $1 billion fund focused on ethical technologies and Web3 infrastructure.
The second round of a similar size — $50 million — was raised by Digital Asset. Funding came from BNY, Nasdaq Ventures, S&P Global, and other institutional participants. The funds are directed towards developing Canton Network — a blockchain focused on the corporate segment and hybrid financial operations.
Liquidity protocols and interchain solutions
Portal announced raising $25 million from JTSA Global. The project is developing a non-custodial interchain swap protocol supporting exchanges between bitcoin, Ordinals, and Runes across L1 and L2 chains.
Ostium Labs completed a Series A round of $20 million. Investors included Coinbase Ventures, Wintermute, Jump Trading, and others. The exchange uses the Arbitrum ecosystem and is focused on increasing liquidity and expanding available trading tools.
Projects in the field of Web3 payments and fintech
Fin raised $17 million in a Series A round with participation from Pantera Capital, Sequoia Capital, and Samsung Next. The company is developing payment infrastructure that works at the intersection of cryptocurrencies and traditional finance, including transfers to bank accounts and large corporate operations.
Development of DeFi and income strategies
Bitstack received $15 million from Stillmark and Y Combinator. The product is focused on automatic BTC savings and integration of retail users.
Zoo Finance raised $8 million to expand the Berachain ecosystem.
Among early-stage projects, notable mentions include Axis FDN ($5 million), DeepNode AI ($5 million), Altura ($4 million), AIAV ($4 million), True North ($3 million), LayerBank ($2.3 million), Haiku ($1 million), and PathPulse.ai ($0.9 million). They cover areas from delta-neutral DeFi strategies to AI agent networks and on-chain banks.
Strategic investments and RWA development
The market for tokenizing real assets is experiencing sustained growth in interest.
OpenEden received strategic funding from Lightspeed Venture Partners and several other funds. The funds are aimed at creating infrastructure for integrating RWA into decentralized financial products.
Websea raised capital from Hony Capital to scale insurance solutions and improve compliance.
AnChain.AI will expand the development of Web3 security tools with the support of Amino Capital and private investors.
XMAQUINA announced raising investments to scale the platform for tokenizing autonomous robots and developing the DePIN model.
Public token sales
Four public token sales were held during the week:
HumidiFi — $5.57 million;
Reya — $3 million;
Makina — $1.5 million;
Harmonix Finance — $600,000.
Token sales were held on ecosystem platforms Solana, Arbitrum Orbit, and Hyperliquid. The main demand was for AMM infrastructure, yield protocols, and multichain solutions.
Corporate placements
Hamak Strategy, operating at the intersection of gold mining and bitcoin treasury management, attracted $3.15 million in post-IPO debt financing from Yorkville Advisors. The company maintains a diversified model focused on resources and digital assets.
Mergers and acquisitions
Four M&A deals were recorded during the reporting period.
Cryptocurrency exchange Kraken acquired Backed — an issuer of tokenized RWA assets, including tokens backed by stocks and ETFs. The deal aims to accelerate the adoption of xStocks products and expand the global audience for tokenized instruments.
Gleec announced the acquisition of the blockchain platform Komodo, which will allow the company to expand its technology stack, including custom chains and APIs.
Galaxy Digital acquired Alluvial, which was previously the developer of Liquid Collective — a corporate protocol for liquid staking.
RockawayX and Solmate Infrastructure signed a letter of intent to merge their businesses. The new structure could become one of the largest DeFi holdings based on Solana.
Accelerators and support programs
YZi Labs (formerly Binance Labs) completed the funding of another accelerator batch. Support was given to projects working in AI, Web3 infrastructure, prediction markets, DeFi, robotics, and the gaming sector.
Participants in the program include 4D Labs, 42.space, AllScale, Bento.fun, Frontrun, Help.fun, Hertzflow, MeleeMon, Sats Terminal, Saturn Labs, Predict.fun, and Trellis Robotics.
Projects are developing tools for spatial AI models, brokerage solutions for prediction markets, new formats for banking services, robotic systems, applications for traders, and liquidity protocols based on bitcoin.
Investors of the week and market conditions
According to CryptoRank, the most active investors were GSR, FalconX, Gate Ventures, YZi Labs, and Amino Capital.
Key investment areas included: DeFi, infrastructure blockchains, AI applications, CeFi services, and GameFi.
In November 2025, the total volume of investments in Web3 projects exceeded $3.6 billion, confirming sustained interest in the market for digital assets and its infrastructure solutions.
