RQD* raises $74M, Fasset gets $68M

Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment.

Stablecoin neobank Fasset followed with a $68 million Series C that valued the company at $1 billion.

Hivemind Digital Group and Entropy completed the next-largest raises, while five of the eight disclosed deals involved crypto market infrastructure, onchain finance, or tokenized assets.

Funding data came from DropsTab, CryptoRank, Crypto Fundraising, and official announcements issued during the reporting period. The weekly total excludes undisclosed rounds, valuations, cumulative funding figures, acquisitions, and capital announced outside the seven-day window.

RQD* Clearing secures $74 million growth investment

New York-based RQD* Clearing secured a $74 million minority growth investment led by Bain Capital Tech Opportunities. ABN AMRO Clearing Bank and Nyca Partners also participated.

RQD* provides clearing, custody, and technology services to broker-dealers, registered investment advisers, and foreign financial institutions seeking access to US markets. The company said the capital would support product development and expansion in the United States, Europe, and Asia.

The firm also plans to build infrastructure for digital assets and tokenized securities. RQD* said it wants to help financial institutions custody blockchain-based assets and connect them with established clearing systems.

The transaction was the week’s largest disclosed financing and accounted for about 40% of the $184.1 million total. RQD* described the deal as a minority growth investment rather than a conventional venture round.

Fasset reaches $1 billion valuation with $68 million Series C

Stablecoin banking platform Fasset raised $68 million in a Series C led by Japan’s SBI Group. The deal valued Fasset at $1 billion and followed a $51 million Series B completed in May.

The two rounds brought Fasset’s disclosed 2026 funding to $119 million. Speedinvest, an investor in the previous round, also participated in the Series C.

Fasset offers stablecoin payments, tokenized assets, and digital banking services across 125 countries. The company said it would use the capital to expand its payment network, develop its AI-based financial tools, and support a planned digital bank in Malaysia with SBI.

The company announced the deal from Los Angeles, giving the week’s second-largest round a direct US connection. Its broader expansion plans, however, remain focused on emerging markets and cross-border payments.

Hivemind raises $17 million for tokenization platform

New York- and London-based Hivemind Digital Group completed a $17 million strategic funding round led by M&G Investments.

CPIC Investment Management Hong Kong, ZA Bank, FalconX, Sonic Boom Ventures, and other investors participated. Hivemind is the parent company of digital asset investment manager Hivemind Capital.

The group said the financing would support its tokenization infrastructure, institutional partnerships, and investments across digital assets and other technology sectors. Hivemind also plans to expand the systems it uses to issue, manage, and distribute tokenized financial products.

The round added to the week’s institutional funding trend, with established investment and financial companies backing businesses that connect traditional markets with blockchain infrastructure.

Entropy receives $14 million for Hyperliquid markets

Onchain trading platform Entropy raised $14 million in equity financing led by Ribbit Capital. The company did not disclose the round’s valuation or identify its other equity investors.

Entropy also received $40 million in HYPE staking support. The staking commitment was not fresh equity financing and is excluded from the weekly funding total.

The company builds markets through Hyperliquid’s HIP-3 system, which allows approved deployers to launch perpetual futures markets after meeting staking requirements. Entropy’s first product provides exposure to Anthropic’s private-market valuation through a perpetual contract.

The team said it is developing additional markets covering private companies, equities, commodities, and other assets. Entropy also plans to create pricing and liquidity tools for markets that lack continuous public price feeds.

Projects under $10 million

• City Protocol announced a $4 million pre-Series A involving Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana Ventures. The new capital lifted its cumulative seed and pre-Series A funding to $11 million. The project is building infrastructure for tokenized structured products, including issuance tools and onchain strategy vaults.
• Chomp raised $3.6 million in a round co-led by Jsquare and Blueyard. Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, and Caballeros also participated. Chomp operates a social question-and-answer game designed to measure differences between users’ private views and their perceptions of wider public opinion.
• Oro secured $3 million in a strategic round co-led by MH Ventures and Mapleblock Capital. M2M Capital, Archer Capital, and X21 Digital joined the deal, which brought Oro’s total funding to $4 million. The platform converts plain-language instructions into multi-step, non-custodial transactions across Ethereum, Solana, and ZIGChain.
• XStable received $500,000 from YZi Labs after joining the 24-company EASY Residency Season 4 cohort. YZi Labs invested $12 million across the program.

Undisclosed strategic rounds

• FinTax completed a seed round led by EASY Residency S4, an initiative backed by YZi Labs. Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings participated. The crypto tax and treasury platform disclosed a $40 million post-money valuation but did not reveal the amount raised, so the deal is excluded from the weekly total.
• TermMax received an undisclosed strategic investment from YZi Labs after joining the third season of EASY Residency. The fixed-rate lending protocol has raised more than $8 million across all its rounds, but neither party disclosed the size of the latest investment. Earlier TermMax backers include Cumberland DRW, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.