According to Odaily's incomplete statistics, between May 26 and June 1, a total of 11 blockchain financing events were disclosed globally, slightly down from 14 in the previous week, with a total financing amount of approximately $98.5 million.
In comparison, although last week's disclosed financing total reached $600 million, it was mainly from the Nasdaq-listed Bitcoin mining company Riot Platforms and Coinbase Credit's credit line increase from $100 million to $200 million, which was an adjustment of credit limit rather than actual new financing.
The largest financing this week came from the stablecoin infrastructure company Conduit, which completed a $36 million Series A financing; followed by Eternis AI, the parent company of the AI project Freysa AI deployed on the Base chain, which received $30 million in financing.
The following are specific financing events (Note: 1. Sorted by disclosed amount; 2. Excluding fund raising and merger events; 3. * indicates "traditional" companies with partial blockchain business involvement):
Stablecoin company Conduit completes $36 million Series A financing, led by Dragonfly Capital
On May 28,stablecoin company Conduit announced the completion of a $36 million Series A financing, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG, and Commerce Ventures. This Series A financing brings Conduit's total financing to $53 million, and the company did not disclose the valuation of this round. Conduit aims to provide faster, more economical, and more reliable cross-border payment services for global enterprises, using stablecoins (a type of cryptocurrency designed to maintain value consistent with the US dollar) for international payment settlements, striving to complete transactions faster than traditional banks.
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