CeFi Resurgence

Weekly Recap

Crypto private markets have seen a flurry of activity the past two weeks, with 45 deals announced, raising $329m. Deal activity fell to 19 deals this week, down from last week’s 26. Funding doubled to $221m from $107m the prior week. Nearly half the funding this week came from Hashkey Group, which raised $100m at a hefty $1.2bn valuation. Haskey is a major digital assets financial services provider in Asia, with licenses from Hong Kong, where it launched the first licensed virtual asset exchange app. Interest in CeFi seems to be picking up again, comprising $176m of the tota...