May saw a lull in crypto venture capital activity, yet significant investments were made, particularly in tokenization platforms such as Securitize and innovative wallet Dexari. The standout news came from Twenty One Capital, a Bitcoin treasury company backed by Tether, Bitfinex, and Cantor Fitzgerald, which raised an additional $100 million, increasing its total funding to $685 million. This funding round indicates steady support for Bitcoin amidst increasing market interest.
Twenty One's CEO, Jack Mallers, stated that the company aims to implement a proof of reserves system, enhancing transparency regarding its Bitcoin holdings. Meanwhile, aZen, focused on decentralized infrastructure for AI, raised $1.2 million led by Waterdrip Capital, noting the onboarding of over 500,000 users.
Securitize, which has amassed $4 billion in on-chain assets, attracted undisclosed investment from Jump Crypto, signifying a push towards broader institutional acceptance of tokenized assets. Across the Atlantic, the UK-based tokenization firm Savea raised $2.5 million for its tokenized asset solutions, aiming to pioneer new types of investment products. Additionally, Dexari secured $2.3 million for its mobile trading and wallet app, aiming to simplify user experience in crypto transactions.
Twenty One's CEO, Jack Mallers, stated that the company aims to implement a proof of reserves system, enhancing transparency regarding its Bitcoin holdings. Meanwhile, aZen, focused on decentralized infrastructure for AI, raised $1.2 million led by Waterdrip Capital, noting the onboarding of over 500,000 users.
Securitize, which has amassed $4 billion in on-chain assets, attracted undisclosed investment from Jump Crypto, signifying a push towards broader institutional acceptance of tokenized assets. Across the Atlantic, the UK-based tokenization firm Savea raised $2.5 million for its tokenized asset solutions, aiming to pioneer new types of investment products. Additionally, Dexari secured $2.3 million for its mobile trading and wallet app, aiming to simplify user experience in crypto transactions.
