Tokenization Turning Heads
Weekly Recap
Weekly funding fell from $152 million to $125 million across 23 deals compared to last week’s 31. The largest deal of the week was a $47 million strategic round completed by Securitize, notably led by BlackRock and making CeFi the leading fundraising category this week. As one of the largest asset managers in the world, the investment carries significant weight in legitimizing the tokenization sector. BlackRock used Securitize to issue its first tokenized fund, BUIDL.
The remainder of funding was relatively evenly distributed across other categories with DeFi, Infrastructure, and Web3 all garnering over $20 million in funding. Strategic and Seed rounds were the most funded deal stages, totaling 40% and 30% of the total, respectively. Seed rounds were also the most popular from a deal count perspective, tallying 10 deals, approximately 43% of all deals.
Last week, we highlighted Movement Lab’s Series A round led by Polychain Capital. This week, Binance announced an undisclosed investment into Movement, providing the Move-based network with another significant industry partner.
Funding by Category
Funding by Stage
Deal of the Week
Baxus, an luxury alcohol trading platform, raised $5 million in a seed round led by Multicoin Capi...Reports you may have missed
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WEEKLY RECAP Weekly funding increased 65% from $103 million to $170 million despite the deal count falling 15% from 26 to 22. Eight companies raised $10 million or more this week, in contrast to just 10 companies combined in the last two weeks. The bulk of funding was concentrated in the Infrastructure category, with projects raising $112 million across 12 deals. DeFi was the second most funded category, with $48...
