Blockchain Funding Weekly: 16 Deals Highlight Zama’s $57M Raise at $1B Valuation

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The blockchain ecosystem continued to show strong momentum last week, with 16 notable funding events globally and over $272 million raised across key sectors including DeFi, Web3 gaming, DePIN, infrastructure, and more. Notably, privacy-focused blockchain protocol **Zama** emerged as a standout, securing $57 million in a Series B round at a $1 billion valuation. This week also saw significant institutional interest in real-world asset (RWA) tokenization, decentralized finance infrastructure, and AI-blockchain convergence.

The data, compiled by PANews, covers the period from June 23 to June 29 and excludes certain corporate treasury expansions and non-traditional fundraising activities. Below is a detailed breakdown of the most impactful developments.

DeFi: Infrastructure Takes Center Stage

Decentralized Finance (DeFi) led the week with 8 funding rounds, emphasizing the growing demand for robust, modular, and institution-ready infrastructure.

Veda Raises $18M for Modular Vault Framework

Veda, a DeFi infrastructure provider, raised $18 million** in a round led by CoinFund. The platform offers a modular vault framework that simplifies yield product development for builders. With over $3.7 billion in assets under management and more than 100,000 user deposits processed, Veda has established partnerships with major protocols like ether.fi, Plasma, and Berachain**. Participation from Coinbase Ventures, Animoca Ventures, and GSR underscores strong industry confidence.

👉 Discover how DeFi innovators are reshaping yield generation and capital efficiency.

GTE Secures $15M for High-Speed DEX Innovation

GTE, a decentralized exchange built on the MegaETH blockchain, raised $15 million in a Series A round led exclusively by Paradigm. Positioned as the “world’s fastest DEX,” GTE leverages a centralized limit order book (CLOB) model while maintaining decentralization—offering latency comparable to centralized platforms like Binance and Coinbase. Its testnet has already attracted nearly 700,000 users, signaling strong early adoption.

Blueprint Finance Closes $9.5M for Cross-Chain Lending Tools

Blueprint Finance, developer of Concrete (on Ethereum) and Glow Finance (on Solana), secured $9.5 million** in funding led by Polychain Capital. With a TVL exceeding **$650 million, the firm focuses on simplifying DeFi lending for both retail and institutional users. YZi Labs and VanEck also participated, highlighting growing interest in multi-chain DeFi solutions.

Yield.xyz Receives $5M Strategic Investment

Yield.xyz, formerly known as Omni Wallet, received $5 million from Multicoin Capital. The platform now serves as a DeFi yield aggregator, offering a unified API that connects over 200 yield sources on Solana. It powers wallets like Ledger and aims to expand into traditional fintech applications such as neobanks.

Jarsy Launches Tokenized Private Equity Access

Jarsy raised $5 million** in a Pre-Seed round led by Breyer Capital to advance its mission of democratizing access to pre-IPO companies like Stripe and Anthropic. By tokenizing private equity 1:1, Jarsy allows retail investors to participate with as little as **$10. The platform is focused on compliance and product development to scale securely.

Makina Powers Institutional-Grade DeFi Execution

Makina Finance closed a $3 million strategic round to enhance its DeFi execution engine tailored for AI agents and asset managers. Backed by Bodhi Ventures and Cyber Fund, Makina enables risk-adjusted yield strategies on-chain—bridging institutional finance with decentralized protocols.

Sphinx Builds Institutional Commodities DEX

Sphinx, an institutional-grade derivatives exchange for commodities like oil and natural gas, raised $2 million in a Pre-Seed round led by Eckhardt Capital. Built on a permissioned Layer 1 blockchain, Sphinx offers futures, options, and perpetual contracts with 24/7 access—positioning itself as a crypto-native alternative to traditional commodity markets.

Byzanlink Advances RWA Tokenization in Dubai

Byzanlink, based in Dubai’s DMCC free zone, secured $1 million in private funding to develop RWA tokenization solutions for private equity, credit, and real estate. Investors include Outlier Ventures and individual fintech leaders. The firm aims to bridge traditional finance with DeFi through compliant, enterprise-grade infrastructure.

Web3 Gaming: New Titles and Tokens Emerge

The Web3 gaming sector saw 2 key investments, signaling sustained venture interest despite market volatility.

Endless Clouds Raises $6.25M for MMORPG Ecosystem

Endless Clouds raised $6.25 million from Animoca Brands and IdeoCo Labs to support its open-world MMORPG Treeverse and launch its native token END. The token will serve as the core utility within its expanding gaming ecosystem.

👉 Explore how blockchain is transforming player ownership and in-game economies.

Spekter Games Secures $5M for Chat-Based Web3 Titles

Spekter Games Inc. raised $5 million in a pre-seed round backed by a16z speedrun and London Venture Partners. Its first game, Spekter Agency, is live and will expand to traditional app stores and messaging platforms. The funding will also support development of its second title.

DePIN: dKloud Bridges Enterprise IT and Decentralization

DePIN project dKloud raised $3.15 million from Animoca Brands and others to build a decentralized cloud infrastructure platform. dKloud connects enterprise IT systems with blockchain, enabling businesses to deploy apps using both crypto and fiat without managing multiple systems. Developers can contribute reusable tools and earn DKT tokens via an integrated marketplace.

Infrastructure & Tools: Privacy and Interoperability Drive Growth

This category saw 8 major deals, with privacy-preserving technologies leading the charge.

Digital Asset Raises $135M for Canton Network

Digital Asset, developer of the privacy-centric Canton Network, secured $135 million in strategic funding led by DRW Venture Capital and Tradeweb Markets. The network supports RWA tokenization across asset classes including bonds, commodities, mortgages, and insurance products. Early adopters include Goldman Sachs and BNY Mellon.

Zama Raises $57M at $1B Valuation for FHE Blockchain

Zama closed a $57 million** Series B at over **$1 billion valuation, co-led by Pantera Capital and Blockchange. The protocol uses Fully Homomorphic Encryption (FHE) to enable confidential smart contracts across chains. Set to launch its testnet on July 1, Zama currently supports 20 TPS but plans to scale beyond 10,000 TPS using dedicated hardware accelerators. It integrates MPC and ZKP technologies and is initially EVM-compatible, with future expansion to Solana.

Inference Labs Advances AI Verification with ZK Proofs

Inference Labs raised $6.3 million to develop its “Proof of Inference” protocol—a zero-knowledge system that verifies AI model outputs while preserving model privacy. Backed by Delphi Ventures and Arche Capital, the project has partnered with EigenLayer and Bittensor and plans mainnet launch by Q3 2025.

Other Applications: Entertainment Meets Decentralization

YZi Labs invested in MEET48, a decentralized entertainment platform leveraging the $IDOL token to boost fan engagement through virtual concerts, idol management games, and offline events. Targeting over 30 million Asian fans, MEET48 plans a major Web3 idol concert in Hong Kong on August 2.

FAQ: Understanding This Week’s Blockchain Funding Trends

Q: Why is Zama’s FHE technology considered groundbreaking?
A: Fully Homomorphic Encryption allows computations on encrypted data without decryption—enabling true privacy in smart contracts. This could revolutionize areas like private trading, healthcare data sharing, and secure AI inference on-chain.

Q: What makes Canton Network attractive to traditional financial institutions?
A: Canton offers privacy-by-design architecture with interoperability across permissioned networks—ideal for institutions managing sensitive RWAs while complying with regulatory standards.

Q: How does Jarsy make private equity accessible?
A: By tokenizing shares of private companies 1:1, Jarsy lowers entry barriers from millions to just $10, enabling retail investors to gain exposure to high-growth startups pre-IPO.

Q: Are these funding figures inflated by corporate treasury buys?
A: No—this report excludes treasury expansions like Nano Labs’ BNB reserve build-up or ProCap Financial’s SPAC merger. Only direct project financing is counted.

Q: What role do VCs like Pantera and Paradigm play in shaping the ecosystem?
A: These firms provide not just capital but strategic guidance, network access, and market validation—accelerating adoption of early-stage protocols in DeFi, infrastructure, and AI-blockchain convergence.

Q: Is Web3 gaming still attracting investment despite past setbacks?
A: Yes—investors are now backing studios with sustainable tokenomics, cross-platform reach, and real gameplay value rather than speculative models.

Final Thoughts

This week’s funding landscape reflects a maturing blockchain ecosystem—driven by infrastructure innovation, institutional adoption of RWAs, and the convergence of AI with decentralized systems. Projects like Zama and Canton Network signal growing confidence in privacy-preserving technologies, while platforms like MEET48 demonstrate blockchain’s expanding cultural impact.

👉 Stay ahead of the next wave of blockchain innovation—explore cutting-edge projects today.

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