Funding Weekly Report | 18 publicly disclosed funding events; Hong Kong stablecoin payment platform RedotPay completes $107 million Series B funding round, led by Goodwater Capital.

Highlights of this episode

According to incomplete statistics from PANews, there were 18 investment and financing events in the global blockchain sector last week (December 15-21), with a total funding scale exceeding US$299 million. An overview is as follows:

• In the DeFi sector, three investment and financing events were announced, including ETHGas completing a $12 million seed round of financing led by Polychain Capital;
• One investment and financing event was announced in the Web3+AI sector: TestMachine completed a $6.5 million financing round, led by BlockChange Ventures and others.
• In the infrastructure & tools sector, four investment and financing events were announced, including the completion of a $107 million Series B financing round by Hong Kong stablecoin payment platform RedotPay, led by Goodwater Capital;
• Six investment and financing deals were announced in the centralized finance sector, including the acquisition of high-frequency trading platform Enigma Nordic by Swedish investment company Hilbert Group (HILB) for $32 million.
• Two investment and financing events were announced in the DePIN sector, including Fuse Energy, a DePIN project based on Solana, which announced the completion of a $70 million Series B financing round;
• Two investment and financing events were announced in the prediction market sector. Among them, worm.wtf, a prediction market within the Solana ecosystem, announced the completion of a $4.5 million Pre-Seed round of financing.

DeFi

ETHGas completes $12 million seed funding round, led by Polychain Capital.

ETHGas has completed a $12 million seed funding round led by Polychain Capital and launched Ethereum's first block space futures market, attracting approximately $800 million in non-cash liquidity commitments from validators and block builders. The platform allows for the early trading of execution rights for up to 64 blocks, aiming to improve yields and stabilize gas costs. ETHGas charges a 5% fee on transactions and is gradually advancing Ethereum's "real-time execution" architecture.

Harbor has raised $4.2 million in strategic funding, led by Susquehanna Crypto and Triton Capital.

AirSwap founder Michael Oved announced the official launch of Harbor, a next-generation decentralized exchange platform he co-founded with former THORChain core engineer Pluto. Harbor focuses on cross-chain trading of native assets, positioning itself as a high-performance, chain-neutral DeFi liquidity infrastructure, dedicated to providing professional-grade matching and scalability for wallets and applications. The project has completed a $4.2 million strategic funding round led by Susquehanna Crypto and Triton Capital, with supporters including market makers such as Auros, Kronos, and Selini.

Frontera Labs, the developer of the Strata Protocol, has raised $3 million in seed funding.

Frontera Labs, the development team behind the DeFi structured yield protocol Strata, has completed a $3 million seed funding round led by Maven 11, with participation from Lightspeed Faction and others. Strata achieves more granular risk exposure and capital efficiency by stratifying on-chain yields into Senior and Junior assets. The protocol, based on USDe and launching in October 2025, currently has a total value locked (TVL) exceeding $210 million. The new funds will be used for protocol expansion and multi-asset support.

AI

TestMachine raises $6.5 million to power its AI-driven on-chain security platform.

TestMachine has raised $6.5 million to accelerate the global expansion of its AI security platform, Predator. The round was led by BlockChange Ventures, New Form Capital, Decasonic, and Delphi Digital, with participation from Baboon, UDHC, Auros Global, Generative Ventures, Contango Digital, and Santiago Santos. Predator is now integrated into Coinbase's CEX and DEX for real-time monitoring of over one million tokens. The company claims the system accurately identified all $12 million in rug pull cases from a sample of 11,000 tokens.

Infrastructure & Tools

Stablecoin payment platform RedotPay has completed a $107 million Series B funding round, led by Goodwater Capital.

Hong Kong-based stablecoin payment platform RedotPay has completed a $107 million Series B funding round, led by Goodwater Capital, with participation from Pantera Capital, Circle Ventures, Blockchain Capital, and existing investor HSG. The funds will be used for product iteration, expansion of compliance licenses, and strategic acquisitions. RedotPay boasts an annualized payment volume exceeding $10 billion, annual revenue exceeding $150 million, users in over 100 markets worldwide, and more than 6 million registered users. The platform remains profitable.

Speed, a stablecoin payment company based on the Lightning Network, has raised $8 million in funding, led by Tether.

Tether led an $8 million funding round for payment infrastructure company Speed, with participation from ego death capital. Speed (Speed1) builds its settlement network on the Bitcoin Lightning Network and the stablecoin USDT, processing approximately $1.5 billion in payments annually, serving 1.2 million users and merchants, and providing BTC/USDT instant settlement and enterprise-grade routing.

Nodu raises $1.45 million to build infrastructure for a European version of the "Zerohash" stablecoin.

London-based, Latvian-backed stablecoin infrastructure startup Nodu announced the completion of a $1.45 million Pre-Seed funding round, led by Digital Space Ventures. The company aims to provide European financial institutions with MiCA-compliant stablecoin access solutions, creating a "European version of Zerohash/Bridge." The Nodu platform supports KYC/AML, stablecoin payments, and fiat currency deposits and withdrawals, and currently covers over 100 countries. Future plans include further expanding its global footprint and strengthening partnerships with banks and fintech institutions.

Circle will acquire the Interop Labs team and intellectual property; Axelar will remain an independent entity.

Stablecoin issuer Circle has signed an agreement to acquire the Interop Labs team and its proprietary technology, bringing core contributors to the Axelar network into its infrastructure business. The deal, expected to close in early 2026, covers Interop Labs' personnel and proprietary intellectual property, while the Axelar network, its foundation, and the AXL token will remain independent and community-governed.

Interop Labs is the original developer of the Axelar network, a decentralized interoperability network that enables cross-chain messaging and asset transfer between blockchains. Circle stated that the team's technology will be integrated into Circle's Arc blockchain and Cross-Chain Transfer Protocol (CCTP). Another Axelar contributor, Common Prefix, will take over the development responsibilities previously held by Interop Labs to ensure the continued operation of this open-source network. According to Circle, this acquisition is expected to accelerate the interoperability of assets issued on Arc, improve tools for multi-chain application developers, and support the development of Circle's own products. The terms of the transaction were not disclosed.

Centralized Finance

Swedish investment firm Hilbert Group acquires high-frequency trading platform Enigma Nordic for $32 million.

Hilbert Group (HILB), a Swedish investment firm focused on connecting traditional and digital assets, has acquired high-frequency trading platform Enigma Nordic for $32 million. This acquisition will help Hilbert offer systematic cryptocurrency products to institutional investors, and the firm plans to integrate Enigma's platform into its hedge fund offerings.

The announcement stated that Enigma's proprietary platform employs a data-driven, market-neutral strategy, fully leveraging the inefficiencies of real-time pricing in the global digital asset market. The company's quantitative strategies have generated exceptional risk-adjusted returns, with a Sharpe ratio exceeding 3.0—a performance metric extremely rare among globally scalable market-neutral digital asset strategies. As of 2025, Enigma's trading volume has exceeded SEK 50 billion (approximately USD 5.4 billion).

Singapore-based digital trade platform Olea completes $30 million Series A funding round.

Singapore-based digital trade platform Olea has raised $30 million in Series A funding, with investors including BBVA, XDC Network, theDOCK, and SC Ventures (a subsidiary of Standard Chartered Bank). The funds will be used to accelerate the deployment of AI and Web3 solutions in high-growth markets and strengthen products such as embedded finance and risk analytics. Since its inception in 2022, Olea has obtained CMS license from the Monetary Authority of Singapore (MAS) and has provided over $3 billion in financing to more than 1,000 companies across over 70 trade channels.

Malaysian company Halogen Capital has raised $3.2 million to expand its asset tokenization business.

Malaysian-licensed digital asset fund management company Halogen Capital announced the completion of a RM13.3 million (approximately US$3.2 million) funding round. The round was led by Kenanga Investment Bank, with participation from 500 Global and other institutions. Kenanga, through its private equity arm, acquired a 14.9% stake in Halogen Capital, becoming its largest institutional shareholder. Other participating institutions include 500 Global, Digital Currency Group, The Hive Southeast Asia, Jelawang Capital, and Mythos Venture Partners.

Moto completes $1.8 million pre-seed funding round for its Solana eco-credit card project.

Moto, an on-chain credit card project, announced the completion of a $1.8 million Pre-Seed funding round led by Eterna Capital and cyber•Fund. The project focuses on providing native credit card solutions within the Solana ecosystem. Registration for the waiting list is now open. Investors also include several crypto angel investors and partners such as Privy and Crossmint.

EquiLend makes strategic investment in crypto financing platform Digital Prime

Traditional financial giant EquiLend announced a strategic minority stake in crypto funding platform Digital Prime Technologies, focusing on collaboration with its institutional lending network Tokenet and introducing new features such as regulated stablecoin collateral. EquiLend, which manages over $4 trillion in lendable assets, stated that this move is to adapt to the asset tokenization trend rather than a transformation, accelerating the integration of traditional and digital asset markets.

Crypto bank Anchorage has acquired Securitize's wealth management division.

Anchorage Digital, the first federally chartered crypto bank in the U.S., has acquired Securitize For Advisors, the wealth management arm of tokenization company Securitize. Terms of the transaction were not disclosed. This move will help Anchorage expand its financial advisory services for registered investment advisors. Anchorage will absorb the Securitize For Advisors team and front-end platform.

According to the announcement, Securitize For Advisors grew by over 4,500% in the past year, with record highs in new deposits and net assets under management. Securitize CEO Carlos Domingo noted that its advisory division had achieved "incredible success," but the sale will allow Securitize to focus on its "core business."

DePIN

Fuse Energy raises $70 million in Series B funding, valuing the company at $5 billion.

Fuse Energy, a Solana-based DePIN project, announced the completion of a $70 million Series B funding round, valuing the company at $5 billion. The round was led by Lowercarbon Capital and Balderton Capital.

DePIN project DAWN completes $13 million Series B funding round, led by Polychain.

Decentralized broadband network project DAWN announced the completion of a $13 million Series B funding round, led by Polychain Capital. The new funds will be used to accelerate DAWN's global expansion, infrastructure deployment, and the development of ecosystem partnerships. Developed by the Andrena WiFi team, DAWN aims to provide a more democratic and efficient network connectivity solution for users worldwide by enabling scalable decentralized internet access through blockchain technology.

Prediction Market

Solana's ecosystem prediction market worm.wtf completes $4.5 million Pre-Seed funding round.

Solana ecosystem prediction marketplace worm.wtf announced the completion of a $4.5 million Pre-Seed funding round, with participation from 6MV, Alliance, Solana Ventures, Borderless, and Advancit Capital. worm.wtf launched in mid-October and is powered by UMA. The platform has introduced a pre-sale feature, a new binding curve mechanism to reward early adopters.

Space has raised $3 million in funding, with Morningstar Ventures and others participating.

Leveraged prediction market Space announced the completion of a $3 million seed and strategic funding round. The round was led by Morningstar Ventures, Arctic Digital, and community platforms Echo, Curated, and Impossible Finance. Space plans to use the funds to build the first 10x leveraged prediction market on the Solana blockchain, aiming to make truth a tradable asset.