Tokenization Turning Heads

May 3, 2024 • 3 Min Read

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

The video in this report is only accessible to members
The video in this report is only accessible to members

Funding by Stage

The video in this report is only accessible to members
The video in this report is only accessible to members

Deal of the Week

Baxus, an luxury alcohol trading platform, raised $5 million in a seed round led by Multicoin Capi...

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In