Although digital assets continue to attract record interest from institutional investors, traditional banks and corporations, venture capital activity in the sector have slowed noticeable since the first quarter.
VC’s latest Galaxy Research report shows that crypto and blockchain startups raised a total of $ 1.97 billion in the entire 378 deals in the second quarter. That represents a 59% decline in funding and a 15% collapse in deal count compared to the previous quarter. According to Galaxy, this is the second lowest quarterly total from Q4 2020.
Researchers noticed that the long -term relationship between Bitcoin (Btc) The investment of price and venture capital in the sector has been damaged and “difficult to recover.”
According to Galaxy, this connectivity comes from a combination of interest in interest in venture capitalists and market narratives to further put bitcoin accumulation in other investments.
Meanwhile, meanwhile Data From Insights4VC suggests a transition to capital flows. Digital Asset Treasury Companies – Vehicles raising funds especially to buy cryptocurrencies – lion’s investment share this year’s investment, taking $ 15 billion to August 21 to form their Bitcoin, Ether (ether (Eth) and other tokens.
The difference between the treasury that accumulates crypto and startups seeking venture funding reflects a change of investor mindset. Many more supporters are asking for clearer paths to income and sustainable business models, according to Hunter Horsley, Bitwise’s CEO, a Crypto fund provider.
Against this backdrop, this month VC Roundup Examines some of the most prominent financial funding cycles of Onchain, real-world assets (RWAs) and Stablecoin infrastructure.
Related: VC ROUNDUP: VCS Fuel Energy Tokenization, AI DataChain, Programmable Credit
Mavryk raised $ 10 million to advance institutional tokenization RWA
The Layer-1 blockchain Mavryk network gained $ 10 million in new funds in a rotation led by the Multibank Group, as it works to expand institutional access to RWA tokenized.
Investment generates part of a broader cooperation between Mavryk and Multibank aimed at tokenize more than $ 10 billion worth of ownership in the United Arab Emirates – one of Largest RWA tokenization initiatives in the world.
The latest increase complies with Mavryk’s $ 5 million funding earlier this year, including backing from Ghaf Capital, Big Brain, Metavest Capital, Collective Ventures and others, as reported by The VC roundup of cointelegraph.
Related: Dubai won the real estate tokenization
GRVT closes the $ 19 million series of a twist
GRVT, a hybrid cryptocurrency exchange focused on the privacy-maintenance of Onchain finance, raised $ 19 million in a series a circle led by Zksync, additional adventures and eigencloud, among others.
Built on Zksync technology, GRVT generates a privacy -focused infrastructure for onchain investment and trade. The company said the capital will support its product suite expansion, including crosschain applications, market options and RWAs.
GRVT has recently seen the growing trading activity, processing more than $ 922 million in continuous quantities of futures in the past 24 hours, according to Delete.
StableCore gets $ 20 million to help banks, credit unions have adopted stablecoins
StableCore, a StableCoin infrastructure platform that serves credit unions and banks in the region, raised $ 20 million in a norwest -led seed, with participation from Coinbase Ventures, CRQL, Banktech Ventures and more.
The company generates a “digital asset core” platform designed to combine different parts of cryptocurrency services, enabling smaller financial institutions to make it easier to accept, manage and deploy stablecoins.
Stablecore mentioned the recent passage of US Genius Act Mark a major step forward for the industry and can speed up the adoption of stablecoin to traditional financial institutions.
The increase comes as the total Stablecoin market capital exceeds $ 300 billion In the first instance, it emphasizes the growing interest in the sector.
Related: Synthetic Token See a comeback as Stablecoins Market Cap Climb
Plural raised more than $ 7 million to generate an electron ‘economy’ for real-world energy assets
The plural, a financial infrastructure platform that bridging real-world energy assets with digital markets, raised $ 7.13 million in a seed rotation led by the paradigm, with participation from Maven11, Volt Capital and Neoclassic Capital.
The company uses tokenization and intelligent contracts to provide access to investors in high yield energy assets such as solar farms, battery storage systems and data centers. Plural said more than $ 300 million in shared solar and battery assets are currently available for investment on its platform.
The funds come as Demand of Global Electricity From the data centers, driven by the expansion of AI and cloud infrastructure, the need for changeable and decentralized energy sources beyond the traditional electrical grid.
Magazine: ‘Big Secret’ crypto hack of Thailand, RWA tokens of Chinese: Asia Express
