Cryptocurrency Financing and Investment: Uranium Digital raises $16.5 million, LO : TECH raises $12 million
According to Crypto Fundraising and token issuance records Analytics, and in conjunction with company announcements and supporting reports, the total amount of crypto financing disclosed from October 31 to November 6 was 43.5 million US dollars, involving six disclosed financings; there are also five investments for which the amounts have not been disclosed.
- Six disclosed financings total $43.5 million, with another five investments whose amounts have not been disclosed.
- Uranium Digital completed a $16.5 million Series A financing round, led by Blockchain Capital.
- LO : TECH Raised $12 million to expand trading services to the United States and the Asia-Pacific region.
- Takenos completed a $7 million seed round extension financing, bringing its total financing amount to $12 million.
- StableStock disclosed a valuation of $75 million, while Soter announced its second delivery of the Series B financing.
According to the records of Crypto Fundraising and token issuance Analytics, and in conjunction with company announcements and supporting reports, this week's investments cover areas such as commodity trading, payments, tokenized collateral, predictive markets, and wallet security.
Uranium Digital Leads Crypto Financing with $16.5 Million in Funding
Uranium Digital announces the completion of a $16.5 million Series A financing round, led by Blockchain Capital, with existing investors Portal Ventures and Apeiron Investment Group also participating.
The company stated that this investment will support the expansion of its products and technologies. Its platform provides institutional trading and settlement services for physical uranium, using digital warehouse receipts backed by physical assets located in qualified storage facilities in North America.
According to their product documentation, each warehouse receipt represents one pound of uranium. Eligible participants include producers, utility companies, and financial institutions, and all must undergo customer and business reviews.
This platform can be integrated with existing institutional trading systems through principal brokers and trading interfaces. Uranium Digital designates Anchorage Digital Bank as the custodian of digital warehouse receipts.
LO : TECH Raises $12 million for expansion in the United States
LO, headquartered in London, TECH, announced on November 2 the completion of a $12 million Series A financing round, led by MMC Ventures. Existing investors Faction, 13 Books Capital, and Atka also participated in the investment.
The company stated that it will use this funds to expand into the United States and the Asia-Pacific region, including New York and Singapore, and to develop its institutional execution services.
LO : TECH announced financing while also launching these execution services. Their business covers liquidity provision, market data, and transaction execution in digital assets, traditional markets, and predictive markets.
The company claims to serve over 50 institutional clients. Its plans in the United States include exploring relevant licenses and intends to apply for regulatory authorization in the markets it enters.
Takenos receives $7 million for stablecoin payments
Takenos announces the completion of a $7 million seed round extension financing, led by North Island Ventures and Road Capital Management, with Variant, Lattice, and Reverie also participating.
This financing brings its total funding amount to 12 million US dollars. Takenos indicates that its business processes over 5 billion US dollars in transactions annually in Argentina, Bolivia, Ecuador, Peru, Paraguay, and Guatemala.
Its services include US dollar accounts, cards, corporate payments, payroll, and fund management tools. The company plans to expand its business to more than 15 countries by 2027.
The funds raised from this financing will be used to support local licensing and payment connectivity, corporate services, new products, as well as the recruitment of engineering, compliance, and business teams.
Financing of less than $5 million
- Lombard Systems announces the completion of a $4 million financing round, covering pre-seed and seed rounds. The round was led by Ethereal Ventures, with participation from Alps Capital, First Commit Capital, Veris Ventures, and Atka. The financing terms allow institutions to pledge tokenized assets while retaining their assets in existing securities accounts. The company plans to use the funds for integration and legal consultations, including those in the United States.
- CRSHMARKET completed a $3.5 million seed round of financing, led by 6th Man Ventures, with Reciprocal Ventures, Lattice Fund, and Starting Line also participating. Its prediction market, based on Monad, allows viewers to predict events during live broadcasts, and the market settles within 60 seconds.
- Unruggable has received $500,000 in strategic financing, led by Colosseum. This Solana wallet developer combines hardware devices with supporting applications for self-hosting.
Strategic investments and subsequent financings of undisclosed amounts
- Soter Insure announces the completion of the second round of deliveries, with the addition of SC Ventures and SBI Group. Another subsequent investor, Token Bay Capital, has also participated. The first round of deliveries was announced in July. The funds raised will be used for enhancing insurance underwriting capacity, technology, and expansion, including in the United States.
- StableStock disclosed a strategic round of financing, with investors including Amber, Nomad Capital, Flow Traders, and Gate. The valuation was $75 million. The amount of investment was not disclosed.
- CRYMBO has received strategic investment from Orbs to expand its infrastructure for providing digital asset services to licensed institutions.
- Scallop has received strategic support from XDC Ventures to facilitate financial services that connect blockchain assets with payments.
- PropHub announces the completion of a round of strategic venture capital investment involving Merchant Seven and private investors. The funds raised will be used for its brokerage services, proprietary trading, encryption technology products, distribution partnerships, and international expansion.
