Highlights of This Issue

Stablecoin payments continue to heat up, with on-chain financial infrastructure and compliant asset sectors becoming the focus of this week's fundraising. According to incomplete statistics from PANews, last week (6.15-6.21) there were 11 investment and financing events in the global blockchain space, with a total capital scale exceeding $264 million. The overview is as follows:

DeFi sector announced 1 investment and financing event, with decentralized reinsurance protocol Re receiving a strategic investment from Coinbase Ventures;
Infrastructure & Tools announced 6 investment and financing events, among which stablecoin payment infrastructure company Trace Finance completed a $32 million Series A funding round led by CoinFund;
Centralized Finance sector announced 3 investment and financing events, with Galaxy Ventures announcing it co-led Karta's $140 million Series A round with CIM;
Prediction Market sector announced 1 investment and financing event, with NewGen investing $10 million in prediction market platform K25.ai to complete its Pre-A round

DeFi

Decentralized Reinsurance Protocol Re Receives Strategic Investment from Coinbase Ventures

Decentralized reinsurance protocol Re announced it has received a strategic investment from Coinbase Ventures. The investment will support Re in bringing reinsurance capital on-chain, thereby opening one of the world's largest and most traditional financial markets to a broader range of investors.

Infrastructure & Tools

Stablecoin Payment Infrastructure Company Trace Finance Completes $32 Million Series A Led by CoinFund

Stablecoin payment infrastructure company Trace Finance announced the completion of a $32 million Series A funding round aimed at expanding its business in Latin America and the Asia-Pacific region. This round was led by CoinFund, with participation from other investors including Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, and HOF Capital. Additionally, angel investors including Circle co-founder Sean Neville, Solana Labs co-founder Anatoly Yakovenko, Mesh co-founder and CEO Bam Azizi, and Ricardo Villela Marino, partner and vice chairman of Latin America's largest bank Itaú Unibanco, also participated in this round.

Founded in 2021, Trace stated it has processed over $10 billion in institutional cross-border transaction volume to date and serves as a primary infrastructure provider for four of the largest global payment service providers in Latin America (including dLocal). Its CEO Bernardo Brites stated that Trace is developing new settlement products and its headcount has grown from 25 at the beginning of the year to 48 currently.

Stablecoin Compliance Startup Range Completes $8.3 Million Series A

Stablecoin compliance startup Range completed an oversubscribed $8.3 million Series A funding round, bringing its total funding to $11 million. This round saw participation from traditional fintech funds TX Ventures, SixThirty, and crypto VCs Maven 11 Capital, Onigiri Capital, among others. Range provides a unified platform for institutions using both stablecoins and fiat currency. Its core products include: first, Unify, which integrates bank accounts, custodians, wallets, and exchanges into a real-time general ledger system, currently safeguarding over $30 billion in client assets and connected to over 10,000 institutions; second, Protect, a pre-transaction control layer that screens on-chain transactions against sanctions, fraud, compliance, and internal control rules. Range claims it tracks approximately 99.41% of stablecoin payments and billions of dollars in monthly payment volume. The funding will be used to expand product, engineering, and business teams, and to connect to more networks and integrations.

Digital Asset Depository Receipt Issuer RDC Completes $7 Million Funding Round Led by LiveOak Ventures

Receipts Depositary Corporation (RDC), an issuer of depositary receipts for digital and alternative assets, completed a new $7 million funding round led by LiveOak Ventures, with participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures. The new funds are intended to accelerate the development of digital asset depositary receipt products and provide compliant securitization products and infrastructure services covering multiple asset classes for U.S. investors.

EarnOS Completes $6 Million Funding Round Led by 1kx

Digital advertising startup EarnOS announced it has completed a $6 million pre-Series A funding round led by 1kx, with participation from Coinbase Ventures, Circle Ventures, and Social Graph Ventures. The company stated that its application called "ero" is nearing the end of its testing phase and officially launching in the United States, Canada, Australia, and the United Kingdom. ero aims to help brands verify the authenticity of web traffic, reduce waste caused by bots, and reward "genuine digital behavior."

EarnOS also announced it has secured a four-year, $12.5 million non-dilutive strategic investment from Verona (formerly XION). EarnOS's ero application is partially powered by Verona, which handles the application's "global verification, registration, and reward distribution."

On-Chain Collectibles Infrastructure Renaiss Completes $1.5 Million Funding Led by YZi Labs

RWA infrastructure project Renaiss secured $1.5 million in its first funding round, led by YZi Labs with participation from Gate Ventures, Hash Global, XIN Family, and others. Built on BNB Chain, Renaiss uses RenaissOS to transform offline independent vaults and card shops into on-chain verification nodes, utilizing a multi-signature mechanism to achieve verifiable custody status and composable liquidity for physical collectibles. The project has already launched trading card categories, allowing users to conduct on-chain transactions and ownership transfers on Renaiss.xyz. Since its beta launch in November 2025, the platform has recorded approximately $20 million in revenue and over 260,000 users, with primary growth coming from the Asian market. The new funds will be used to expand the vault network, add more collectible categories, launch DeFi and AI agent integrations, and improve capital efficiency.

Litecoin Treasury Company Lite Strategy Leads $1 Million Strategic Investment in LitVM

Nasdaq-listed Litecoin treasury company Lite Strategy announced it led a $1 million strategic investment in LitVM, simultaneously acquiring governance participation rights and potential subscription opportunities for future tokens. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funds will support it in introducing smart contract capabilities and a programmable application layer to Litecoin after its mainnet launch.

Prediction Market

NewGen Invests $10 Million in Prediction Market Platform K25.ai to Complete Its Pre-A Round

Nasdaq-listed company NewGenIVF Group (ticker: NIVF) announced an additional $4 million investment in prediction market platform K25.ai, completing the company's $10 million Pre-A funding round at a valuation of $100 million, with NewGenIVF Group's stake expected to reach 10%. In addition to the equity investment, NewGenIVF Group also holds the exclusive agency rights for K25.ai in the Asia-Pacific region.

K25.ai is an AI-native live streaming and prediction market platform targeting the Asia-Pacific region. The company has not yet officially launched its product and is currently seeking relevant regulatory licenses in specific markets. This investment follows an initial $2 million investment announced in May 2026 and a subsequent $4 million investment announced on June 4, 2026. With the completion of the Pre-A round, K25.ai has initiated its Series A round. The company stated this funding will be used for product launch, obtaining regulatory licenses in specific Asian markets, and regional expansion.

Centralized Finance

Galaxy Ventures Announces Co-Leading Karta's $140 Million Series A Round with CIM

Galaxy Ventures announced it co-led Karta's $140 million Series A funding round with CIM. Galaxy Ventures stated that Karta grew 10x in 2025, with Q1 2026 revenue and total payment volume growing another 4x quarter-over-quarter, targeting an annualized total payment volume of $1.2 billion by year-end. Karta is a new type of U.S. credit card designed for global travelers, available without a U.S. Social Security Number (SSN).

It is reported that Karta is dedicated to providing premium credit card products issued in the U.S. to global high-net-worth (HNW) individuals. The platform combines stablecoin infrastructure with AI technology, breaking away from traditional FICO score dependency. By partnering with over 80 major global private banks and brokerages (such as Raymond James, Itau, etc.), it underwrites unsecured credit based on users' verified assets at these institutions. Additionally, the credit card offers zero foreign exchange fees and a 24/7 AI-native concierge service via WhatsApp.

Instant Payment Platform Interchecks Completes $50 Million Series C Funding

Instant payment platform Interchecks announced the completion of a $50 million Series C funding round, with investors including Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. The company also launched a debit card-based Account Funding Transactions (AFT) product, supporting real-time funding of compliant accounts via debit card networks, and integrating risk control features such as account verification, real-time duplicate card detection, custom limits, and suspicious behavior monitoring. AFT and the previous Pay-by-Bank are integrated into a single API, targeting scenarios such as inter-account transfers, neobanks, online brokerages, and crypto wallet funding. Interchecks stated that it has cumulatively processed over $50 billion in transactions over the past decade and has been profitable since 2023.

Paradigm Leads $9 Million Funding Round for El Dorado, Boosting Latin America Cross-Border Payment Infrastructure

Venture capital firm Paradigm led a $9 million Series A funding round for Latin American cross-border payment app El Dorado, with participation from Coinbase Ventures and Verda Ventures. El Dorado stated that the scale of cross-border payments in Latin America is close to $1 trillion, currently dominated by flows from the U.S. to Latin America, of which approximately 60% are B2B trade-related payments. The company focuses on covering "internal corridors" not served by traditional major players, such as Brazil–Bolivia, and already has over 100,000 active users, processing more than 5 million transactions. El Dorado also launched a cross-border payment service for enterprises, integrating stablecoin and fiat channels, and has already served over 100 enterprises, primarily for importing electric vehicles from China. This business is built on Tempo, a Layer 1 blockchain incubated by Paradigm and Stripe.

Acquisition

MANTRA Acquired by Strategic Investor Inveniam, Betting on RWA and AI Data Integration

MANTRA, a public blockchain focused on RWA asset tokenization, will be fully acquired by its strategic investor Inveniam Capital Partners, with the transaction expected to close in the third quarter of this year. Inveniam had previously invested $20 million in MANTRA before its 2025 restructuring. MANTRA holds a VASP license issued by Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to operate a digital asset exchange and provide brokerage, proprietary management, and investment services. The two parties previously co-developed the Layer 2 network NVNM Chain, positioned to register identities for autonomous AI agents in compliant scenarios, define permissions, and record on-chain evidence that can be independently verified by regulators and counterparties.

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