According to the financing database of DefiLlama, from November 7th to 13th, 2026, there were a total of approximately $408.55 million in crypto financing announcements, involving nine disclosed transactions, which included bank-backed funds and two public token sales. Leading among these was a commitment of about $270 million to the stablecoin project Project Faro reportedly supported by banks.
This statistics also includes corporate financing commitments and public token sales, as well as venture capital rounds. There are four other announcements that disclose the cumulative financing amount or do not disclose a specific amount.
The financing database of DefiLlama provides a list for this week, and the transaction details have been verified by combining company announcements, disclosures from investors, and reports.
Project Faro led with a funding commitment of $270 million
According to a report by Bloomberg on November 10th, cited by crypto.news, institutions such as Goldman Sachs, Citigroup, Santander, and Deutsche Bank have committed to investing approximately $270 million in a stablecoin project.
The project is named Project Faro, and this fund is intended to cover the operational costs for five years. The amount mentioned reflects the corporate financing that has been committed, but it does not imply that all of the funds have been actually allocated.
A consortium composed of 21 members is expected to establish a distribution entity in the United States. The planned launch date is for the first half of 2027, with the initial phase involving the introduction of a US dollar-stabilized coin for payments and digital asset settlements. Subsequently, euro tokens will also be launched.
Index Industries Raises $50 million to invest in housing infrastructure
Index Industries ended its stealth mode on November 10th, announcing the completion of a $50 million seed round of financing, led by Lightspeed Venture Partners. Polychain Capital, Galaxy Ventures, and Wintermute Ventures also participated in the investment.
The company was founded by former Polychain President Josh Rosenthal and Longmark CEO Brian Hardecker. They are developing a daily U.S. housing price index, as well as a tokenization infrastructure for housing-related investment products.
Its first planned application is USHP, which will be exclusively issued by USHP Limited located in the British Virgin Islands. The issuer plans to launch it on Ethereum in 2026 and expand it to Solana in 2027.
The announcement states that the securities mentioned are not registered in the United States, and shall not be offered to U.S. persons without registration or applicable exemptions.
Alta Completes $47.5 Million Financing, Targeting Institutional Blockchain Infrastructure
Alta announced on November 10th the completion of a $47.5 million Series A financing round, led by Index Ventures, with participation from GV, Blackbird Ventures, Square Peg, and Capital49.
This company, located in San Francisco, was previously known as Metal. It has disclosed a total financing amount of 80 million US dollars, which includes a previous seed round financing of 32.5 million US dollars. This week's statistics only take into account this A-round financing.
Alta is building a blockchain for regulated financial institutions that features privacy, identity management, and programmable compliance capabilities. Its services will cover cross-border payments, foreign exchange, and fund management.
Airwallex is its investor and early design partner, and both parties plan to integrate Airwallex's global payment infrastructure with Alta.
Financing of over $10 million extends into banking and trading sectors
Griffin completed a $20 million Series B financing round, led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega, and existing investors. The company announced on November 12 that the valuation of this British bank has exceeded $100 million. Griffin plans to develop card issuance and stablecoin services; its platform serves over 80 companies.
Marble announced on November 10th the completion of a $11 million seed round of financing, led by Polychain Capital, with participation from Maven, Ripple, Susquehanna Crypto, Lattice, and Blockwall. The company is led by former BitGo executive Matt Ballensweig and former Galaxy Europe CEO Leon Marshall, and is developing institutional trading and credit financing services for AI infrastructure.
DECA Labs announces a cumulative financing of $12 million, with investors including Polychain, Pantera, Accel, and dao5. Its AI agency network will identify and verify software ideas before development and distribution. This cumulative amount is not included in this week's total.
Financing of less than $10 million includes remittances and token sales.
Seva Money has completed a $5 million seed round of financing, led jointly by Blockwall and Revent, with Seedcamp, Stride, and Ada Ventures also participating in the investment. The company provides wallets, cards, and embedded services to remittance service providers.
Quranum Protocol announces the receipt of $4.5 million in strategic financing, with investors including Archer Capital, Tidal Capital, and Astra Capital. The funds will be used for protocol development and financial infrastructure construction.
vibe / vibe recorded a public token sale of $300,000 in the DefiLlama database. The sale concluded on November 13th; the project is currently developing a Robinhood Chain launch platform.
Mori Finance recorded a token financing of $250,000 on MetaDAO. Its Solana options platform provides covered call strategies executed through institutional counterparties.
Rounds with undisclosed amounts support asset management and lending.
Kailash has completed a round of financing for pre-seed, which was led by UTXO Management. The funds will be used for investment products of on-chain institutions.
Spout has received investment from Ondo and is preparing to launch a lending business in Solana that uses tokenized stocks as collateral.
Lithium has received strategic investment from LitVM. Its proposed lending service allows users to provide USDC or use zkLTC as collateral for loans.
