Swan Closes Largest CeFi Raise YTD

Weekly Recap

Crypto funding remains elevated, below last week’s total of $301 million but ending the week at a robust $256m. Deal activity increased by two deals this week as 25 deals were announced. Infrastructure was the most common category, with ten deals closed and $58m raised. CeFi led the week in funding, with Swan’s $165 million raise notching the largest deal closed in the category this year. Unlike most CeFi competitors, Swan offers no other digital assets on its platform. The company focuses on making buying and holding Bitcoin as easy as possible. DeFi, Web3 & NFTs, and Meta...