Funding Weekly Report | 10 Public Funding Events, Sports Prediction Market Novig Completes $75 Million Series B Funding, Led by Pantera Capital

Highlights of This Issue

According to incomplete statistics from PANews, last week (2.16-2.22), there were 10 blockchain investment and financing events worldwide, with a total funding amount exceeding $143 million. The overview is as follows:

DeFi announced 1 investment and financing event, with on-chain derivatives protocol MYX completing strategic financing led by Consensys;

Web3+AI sector announced 1 investment and financing event, Unicity Labs completed $3 million seed funding, led by Blockchange Ventures;

Infrastructure & Tools sector announced 3 investment and financing events, including digital wallet infrastructure Kresus Labs completing $13 million in funding;

Prediction Market sector announced 3 investment and financing events, including sports prediction market Novig completing $75 million Series B funding, led by Pantera Capital;

Centralized Finance announced 2 investment and financing events, including Stake completing $31 million Series B funding, led by National Bank of the United Arab Emirates.

DeFi

MYX completes strategic financing led by Consensys

On-chain derivatives protocol MYX has completed strategic financing led by Consensys, with participation from Consensys Mesh and Systemic Ventures, laying the foundation for the launch of MYX V2. After this round, Consensys officially becomes MYX’s largest investor. The funds will be used to support the deployment of MYX’s modular derivatives settlement engine.

AI

Unicity Labs completes $3 million seed funding, led by Blockchange Ventures

Independent internet protocol development company Unicity Labs announced the completion of $3 million seed funding, led by Blockchange Ventures, with participation from Middle Eastern communication app Tawasal and early Web3 investment firm Outlier Ventures. The company plans to use the new funds to build peer-to-peer encrypted architecture, enabling autonomous AI Agents to discover services, verify trading counterparts, and execute trades at machine speed without intermediaries or shared ledgers.

Saudi Humain invests $3 billion in xAI

Saudi-backed AI company Humain has invested $3 billion in Elon Musk’s AI startup xAI. The statement said Humain has become an “important minority shareholder” in xAI through this investment, which coincided with Musk’s space exploration company SpaceX’s acquisition of xAI. The shares held by Humain will be converted into SpaceX shares. This investment strengthens the connection between Musk and Humain. Founded last year, the company aims to make Saudi Arabia a leading AI nation. Both companies plan to develop a 500 MW data center in Saudi Arabia.

(Note: This financing event is not included in this week’s weekly report statistics)

AI startup Temporal completes $300 million Series D funding, led by a16z

AI agent startup Temporal announced the completion of $300 million Series D funding, with a valuation of $5 billion. The round was led by Andreessen Horowitz (a16z), with participation from Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital. The company states that this round is not to chase a certain AI hype but to build a platform to address reliability challenges faced by AI agents in complex, long-running processes. Currently, clients include OpenAI, Snap, Netflix, and JPMorgan Chase.

(Note: This financing event is not included in this week’s weekly report statistics)

Infrastructure & Tools

Kresus Labs completes $13 million funding

Digital wallet infrastructure provider Kresus Labs announced the completion of $13 million (about 180 billion KRW) in funding, with Hanwha Investment & Securities participating. The new funds will be used to expand its enterprise digital wallet infrastructure, real-world asset (RWA) tokenization platform, on-chain financial workflows, and develop consumer and institutional digital asset tools, including wallet recovery technology and MPC-based security systems.

Monark Markets completes $8 million strategic round, led by F-Prime

Embedded API infrastructure Monark Markets announced the completion of $8 million in strategic funding, led by F-Prime, with participation from Commerce Ventures, Grit Capital Partners, and BBAE Holdings. The company’s API infrastructure supports fintech platforms like Apex Fintech Solutions and Altruist Financial, enabling direct embedding of private market investments into existing client accounts, thereby driving investment demand in AI, blockchain, and other key private market growth engines.

Ubyx, a stablecoin settlement company, receives investment from Arab Bank’s accelerator AB Xelerate

Arab Bank’s fintech accelerator AB Xelerate announced an investment in stablecoin settlement company Ubyx. The specific amount has not been disclosed. The new funds will support the development of a shared network allowing regulated financial institutions to issue, accept, and exchange digital currencies across multiple blockchains and jurisdictions while operating within established regulatory and compliance frameworks. Previously, Ubyx was acquired by banking giant Barclays, which plans to explore developing “tokenized currency.”

Centralized Finance

Stake raises $31 million in Series B funding, led by National Bank of the UAE

Digital asset real estate investment platform Stake raised $31 million in Series B funding. The round was led by Emirates NBD, with participation from Mubadala Investment Company, Middle East Venture Partners (MEVP), Property Finder, STC NICE, Wa’ed Ventures, GFH Partners, and Ellington Properties. The funds will be used for investing in AI, tokenization, and new product development. Stake’s total seed funding was $5 million; pre-Series A funding was $8 million; Series A raised $14 million; and Series B has now raised $31 million, totaling $58 million.

Fintech company Newity raises $11 million to tokenize small business loans

Newity, a fintech focused on facilitating small business loans, raised $11 million in a strategic round aimed at moving these loans onto the blockchain. The round was led by CMT Digital, a subsidiary of CMT Group, with participation from private and institutional investors. This is Newity’s first funding round, which started in late 2024 and will conclude in December 2025. The round used a SAFE (Simple Agreement for Future Equity) structure. Valuation details and whether any investors received board or advisory seats have not been disclosed.

Prediction Markets

Sports prediction platform Novig completes $75 million Series B funding, led by Pantera Capital

Sports prediction market platform Novig announced the completion of $75 million Series B funding, led by Pantera Capital, with a post-money valuation of $500 million. Co-founder Jacob Fortinsky said the company was founded in 2021 to create a consumer-friendly platform for modern bettors, with a core advantage in its peer-to-peer trading model. Novig is applying for a license from the U.S. Commodity Futures Trading Commission, expected to be completed within six months. Fortinsky emphasized that, unlike platforms like Kalshi and Polymarket, Novig’s product design and branding are centered around sports events, making it more aligned with typical sports fans’ habits.

Sports prediction trading platform PRED completes $2.5 million seed round, led by Accel

Sports prediction trading platform PRED completed a $2.5 million seed round led by Accel, with participation from Coinbase Ventures’ Base Ecosystem Fund (BEF) and Reverie. Built on Base, PRED claims an execution speed of only 200 milliseconds, making it closer to financial exchanges than traditional sports betting services. PRED is currently in internal testing and uses an invite-only registration process.

Kalshi receives strategic investment from Tradeweb, which will acquire a minority stake

Electronic trading platform Tradeweb Markets announced a strategic investment in prediction market operator Kalshi, acquiring a minority stake. Specific investment amounts and equity percentages were not disclosed. The two companies will integrate event-driven market data and explore new infrastructure for trading event contracts via Tradeweb’s electronic platform. Tradeweb plans to incorporate Kalshi’s real-time event probability data into its rates and credit trading platforms, including user interfaces, APIs, and data download tools, enabling institutional clients to directly reference prediction market probabilities within existing macro trading workflows.

DAT

Tharimmune officially rebrands as Canton Strategic and completes $55 million financing deal

Nasdaq-listed Canton Financial Holdings announced that Tharimmune has officially rebranded as Canton Strategic Holdings, with its stock ticker updated to “CNTN,” making it the first Nasdaq-listed company supported by the Canton Foundation. The company also disclosed that its previously announced $55 million equity offering has been completed, aiming to expand and develop its Canton Coin-centered digital asset fund management strategy.

Ethereum treasury company Republic Technologies announces $3 million private placement

Canadian-listed Ethereum treasury company Republic Technologies announced a private placement of up to 14,087,000 special warrants at $0.21 each, raising a total of $3 million. The company previously disclosed holding approximately 1,570.6 ETH, with an average purchase price of $2,700 per ETH, and a current market value of about $3.2 million.

Venture Capital

Dragonfly completes fourth fundraise, totaling $650 million

Crypto VC Dragonfly has completed its fourth fundraise, totaling $650 million. Managing Partner Haseeb said this is their largest fund to date and expressed confidence that the cryptocurrency revolution is still in its early exponential growth phase. He added, “Proxy payments, on-chain privacy, tokenization of everything—the crypto landscape is about to explode, and we want to support the founders leading the charge.”

Crypto investment firm DBA raises $68 million for its second VC fund

New York-based crypto investment firm DBA has raised $68 million for its second venture fund. The firm previously raised $50 million for its first fund in 2023. Founded by former Galaxy Digital investment executive Michael Jordan and well-known Ethereum commentator Jon Charbonneau, DBA has invested in protocols like DoubleZero and Monad, infrastructure projects, stablecoin applications like Payy, ICO platforms like MetaDAO, and Bitcoin scaling solutions.